IGA News and Press, Voya Global Advantage and Premium Opportunity Fund of Beneficial Interest From 06/07/21

We seem to discuss rights offerings ad nauseam. However, we haven't really touched on the basics of a tender offer. Instead of the disruptive nature that we see with rights offering and causing volatility, tender offers typically bring a benefit to shareholders. Tender offers are ...

Stocks eked out some small gains this week bringing the S&P 500 within a half a percent of the all-time high hit on May 7th. Discounts climbed back to their tightest levels of the last 8 years with munis starting to catch up to taxables. The spreads between the two are down to 1.4...

Each of Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) (“IGA”), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) (“IGD”), and Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) (“IDE”) (each a ȁ...

Each of Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) (“IGA”), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) (“IGD”), and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (“IDE”) (each a &#x...

Saba Capital has taken aim at the Voya funds. An analysis of possible future steps in the battle. Possible arbitrage opportunities for the outside investor are available. For further details see: Activist Saba Vs. Sponsor Voya: The Battle Is On

Saba succeeds in forcing liquidation of IRR, scheduled for June 11. At a current discount of -1.79%, an annualized alpha of ~14% remains. However, finding an effective hedge for IRR may be difficult. For further details see: IRR: Liquidation Nears

Nineteen out of 23 CEF sectors are positive on price and 21 out of 23 sectors positive on NAV last week. THW rights offering concludes and was undersubscribed. GUT's and CLM/CRF's rights offerings commentary. IRR will liquidate in another Saba victory, while IID was successful...

Each of Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) (“IGA”), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) (“IGD”), and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (“IDE”) (each a &#x...

I put capital to work in 5 funds for the month - 2 were new purchases and 3 were the result of swapping funds. Though all 5 funds I believe are worth investing in, if they weren't, I wouldn't have put my money there in the first place. Markets remain quite lofty, even with some vo...

The Board of Trustees of each of Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) (“IGA”), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) (“IGD”), and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (“...