ETV News and Press, Eaton Vance Corporation Tax-Managed Buy-Write Opportunities Fund of Beneficial Interest From 10/02/22

Summary IGA has been performing relatively well during the challenging 2022 market. The fund's distribution appears reasonably sustainable and attractive. IGA is a potentially compelling way to diversify one's portfolio with an attractive discount. ...

Summary We all look to CEFs because of their high yields, but how often do you think about how much of that high yield you actually get to keep? Some funds claim they specialize in "tax-efficiency" by owning stocks that have qualified dividends while others specialize in 'tax-adva...

Summary The Nuveen S&P 500 Dynamic Overwrite Fund is a buy-write CEF from Nuveen. The CEF has significantly outperformed the S&P 500 in 2022. In this article we analyze SPXX's return profile versus other buy-write CEFs and versus the Index to ascertain relative value p...

Summary Eaton Vance Tax-Managed Buy-Write Strategy Fund (EXD) is a buy-write fund from the Eaton Vance family. The CEF sells equity volatility by having 96% of its portfolio overwritten with call options. EXD is currently trading at a premium to NAV. This article covers CE...

Summary MCN has been brought up in the past, but more recently, it seems to have been a more frequent occurrence. I've run across MCN previously, but I haven't looked at the fund too much in-depth. The fund utilizes a covered call-writing strategy, generating premiums and help...

CEF discounts have narrowed from our previous update but are still sitting wider than at the end of 2021. So far, discounts have bottomed out with the market on June 16th, 2022, which has so far been the market low for 2022. 2022 remains a volatile year but has also presented quit...

It's been a stellar month+ for the more aggressive and leveraged equity CEFs with the more defensive option-income CEFs having more mixed results. Generally speaking, option-income CEFs that sell a low percentage of options against their portfolio have performed better than option fun...

FFA utilizes a call writing strategy split between index writing and covered calls. The fund has only one distribution cut in its history and has what I believe is a reasonable ~7% distribution rate on its NAV. The fund's current valuation makes it a tempting alternative to ETV, a...

NFJ has no leverage and utilizes a portfolio with equity and convertible exposure. As this was an AllianzGI fund, investors will be asked to vote on Voya becoming the new subadvisor. In this transition, no change in the portfolio team will occur as the manager will transition too....

After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in anticipation of rising rates. While distribution cuts are a natural part of the in...