CEFS News and Press, Saba Closed-End Funds ETF From 08/31/20

Pioneer Floating Rate Trust to Commence Tender Offer Saba Capital Management, L.P. and certain associated parties (collectively “Saba”) today announced that it has reached an agreement with Pioneer Floating Rate Trust (NYSE: PHD) (the “Fund”). Under the ...

Shareholders Also Vote in Favor of Non-Binding Tender for 40% of Shares Outstanding Saba Capital Management, L.P. and certain associated parties (collectively “Saba”) today announced that Voya Prime Rate Trust (NYSE: PPR) shareholders have elected all eight of Saba...

(Author's Note: As the Chief Global Strategist of my firm I am not allowed, by Compliance, to provide the specific name of any funds unless someone is a client of mine or my firm.) You see some article, almost every day, "This ETF has a 5.00%+ yield." The tout is on here and there is a ver...

If, ten years ago, I had told you that there were going to be negative yielding bonds you would have thought, "Poor Mark, he has lost his mind." Well, ten years ago I did not say it, and now we are all faced with a $10.475 trillion reality of bonds with negative yields. This has all been cause...

You would think that Britain could reach a decision. You would think that the European Union could reach a decision. Obviously, both incorrect assumptions. It reminds me of Greece and then Italy just keep kicking the can along. The end-date was March 29 and then extended until April 12. Now ...