FGB News and Press, First Trust Specialty Finance and Financial Opportunities Fund From 08/10/23

2023-08-10 22:17:17 ET First Trust Special Finance and Financial Opportunities Fund ( NYSE: FGB ) declares $0.0825/share quarterly dividend , in line with previous. Forward yield 9.51% Payable Aug. 31; for shareholders of record Aug. 23; ex-div Aug. 22. See F...

2023-07-28 14:59:27 ET Summary As we approach Q2 business development company earnings, we take a look at First Trust Special Finance and Financial Opportunities Fund - a closed-end fund that allocates primarily to BDCs. On paper, the FGB CEF looks like a great buy - take a high-r...

2023-07-16 10:25:59 ET Summary The First Trust Specialty Finance & Financial Opportunities Fund has 93% of its fund invested in BDCs, which have been benefiting from rising interest rates. FGB offers a potential opportunity with its own double-digit discount, with its largest ...

Summary FGB has become an interesting fund to trade on occasion when larger-than-usual discounts open up. Recently, we've seen that discount open up once again to over 13%. The fund could also continue to benefit from rising interest rates due to the underlying portfolio being heavi...

Summary We take a look at the action in business development companies through the fourth week of January and highlight some of the key themes we are watching. BDCs had another good week with the sector approaching a double-digit return this year already. We take another look at FGB...

Summary The markets have added to the gains they started in October. I add to my investments every month; however, this month, I did quite a bit of movement with several positions I sold too. The opportunities weren't always with similar funds, but the decisions were valuation drive...

Summary FGB's latest report showed that net investment income jumped quite meaningfully. That should leave it in a better position to maintain its high double-digit yield. Despite strong coverage, it should still be considered a more volatile CEF due to its leverage on leverag...

Summary 2 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Tortoise tender offers are live. RIV rights offering. NCZ postpones its distribution. Author’s note: This article was released to CEF/ETF Income Lab...

The market continued its rebound from the lows reached in June through the month of July. Mega-cap tech earnings came in and weren't as bad as investors seemed to have expected. Those earnings helped fuel gains through the month; where we go next is unknown, but there are still op...

We review CEF market valuation and performance through the third week of July and highlight recent market action. CEFs continued their rebound, supported by rising stocks and tighter credit spreads. Leverage cost differentiation is beginning to show up in CEF distribution changes....