KIO News and Press, KKR Income Opportunities Fund From 03/01/23

Summary 0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

Summary 1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags. MLPs remain the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

KKR Income Opportunities Fund (NYSE: KIO) (the “ Fund ”) today announced the preliminary results of its transferable rights offering (the “ Offer ”). The Offer commenced on January 23, 2023 and expired on February 16, 2023 (the “ Expiration Date ...

Summary NHS is a fixed income closed end fund. The fund focuses on U.S. high yield bonds, which represent 88% of the portfolio. What sets this fund apart in the HY CEF space is its very high leverage ratio of 42%, which magnifies its total returns. The fund is up over 23% since ...

Summary 17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results. DEX tender offer expires. A new corporate actions tracker for our members. Author’s note: This article was released to CEF/ETF Income Labor...

Summary For the third month in four, equity CEFs (+5.60% on a NAV basis) on average witnessed positive performance. While their fixed income CEF cohorts (+4.08%) posted gains for the second month in three. At month end, 18% of all CEFs traded at a premium to their NAV, with 22% of e...

Summary KIO trades at a discount to NAV of -11% and offers a forward annual yield of 12.5% with monthly distributions. After a poor return in 2022, this taxable fixed-income fund is shaping up nicely in 2023 with a recently raised distribution. The fund is in the midst of a rights o...

Summary KIO announces a rights offering. This offering may be highly dilutive to NAV. Investors who held past the ex-rights date should subscribe or sell their rights to offset the effect of dilution. Author's note: This article was released to CEF/ETF Income Laboratory ...

Summary We review CEF market valuation and performance through the third week of January and highlight recent market action. CEFs had another strong week with most sectors seeing both NAV gains and discount tightening. With most funds continuing to trade at discounts, rights offerin...

Summary The news media wants to get us all hooked on receiving constant "play by play" updates on our investments. They are following the successful ESPN sports model, where all day long you can turn on ESPN and get updated scores and commentary on whatever sport is in season. Havin...