GLU News and Press, Gabelli Global Utility of Beneficial Ownership From 04/13/23

2023-04-13 14:13:40 ET Summary The Nuveen Real Asset Income and Growth Fund aims to provide high current income from a portfolio of infrastructure and real estate company equities and bonds. The fund pays an attractive 8.8% distribution yield. But it exhibits classic signs of bein...

Summary GLU invests in utilities and other defensive income-producing securities. GLU pays a forward yield of 7.8%. However, the yield has been funded by liquidating NAV, as GLU does not earn sufficient returns to fund the distribution. Compared to peer funds, GLU has lower historic...

Summary GAB's premium has come down, and USA has outperformed, as suggested could happen earlier this year. The overall equity decline and managed distribution make it an interesting income play. Despite this, the fund is still at a premium, meaning it stays as more of a "Hold...

Summary 16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises. A reminder that the Tortoise tender offers are expiring. Author's note: This article was released to CEF/ETF...

Summary GUT offers investors a reasonably stable portfolio of high-quality utilities, which is undoubtedly going to be appealing to more conservative investors. The fund is fairly well-diversified, although it does not advertise itself as a global fund. The fund's distribution...

Summary 1 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on Au...

19 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week. SMM will pay a "Saba special distribution", funded by management. ZTR rights offering is now live. Author’s note: This article was released to CEF/ETF Income Laborator...

21 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. Saba scores a victory against VFL. VFL will tender 50% of its shares in December. Author’s note: This article was released to CEF/ETF Income Laboratory members on July...

GDV continues to reward shareholders through its steady monthly distribution. The fund also continues to remain at an attractive discount. Combining the discount with lower broader markets makes GDV a fairly attractive fund worth considering. Written by Nick Ackerman, ...

Global macro data is weighing on investors' minds this week with the start of the second quarter earnings season and a higher-than-expected CPI print. The narrative appears to be changing again. As we've described, the first quarter was about a rising rate/rising inflationary market a...