LDP News and Press, Cohen & Steers Limited Duration Preferred and Income Fund Inc. From 04/30/23

2023-04-30 01:47:42 ET Summary We review CEF market valuation and performance through the third week of April and highlight recent market action. The CEF market was mostly down as interest rates and credit spreads rose over the week. A number of preferred CEFs deleveraged in M...

2023-04-19 08:47:46 ET Summary The failure of SVB and Signature Bank created a maelstrom of fears and deja vu of 2008. But Credit Suisse merging into UBS smashed the preferred stock space. Credit Suisse's AT1/CoCos were marked down to zero which surprised investors in these bonds,...

2023-04-16 01:45:34 ET Summary We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had a fairly flat week with higher-quality / longer-duration sectors outperforming due to the continued drop in longer-term Treasu...

2023-04-12 05:20:27 ET Summary Recent market volatility has opened up valuation divergences between very similar CEFs, creating opportunities for switches or outright holds. This offers income investors an opportunity to pick up additional yield, adopt a more defensive stance, and...

2023-04-11 15:54:06 ET Summary Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling. A mixture of leverage and e...

Cohen & Steers Closed-End Funds Declare Distributions for April, May, and June 2023 Cohen & Steers Closed-End Funds Declare Distributions for April, May, and June 2023 PR Newswire NEW YORK , March 27, 2023 /PRNewswire/ -- The Boards of Directors of th...

Summary We share data on 40 big-yield preferred stock ETFs and CEFs, including a special focus on the popular iShares Preferred and Income Securities ETF (current yield is 5.8%). After diving into the details on PFF, we compare it to other preferred stock funds that offer higher yields,...

Summary The LDP fund provides high current income through a portfolio of preferred stocks. It pays a high current yield of 7.6%. The LDP has superior risk adjusted returns compared to the HPF/HPI funds offered by John Hancock. However, investors should closely monitor the jump i...

Summary We refresh our previous constructive analysis of PTA in light of its recently issued shareholder report. PTA continues to benefit from a number of structural features unique to Cohen CEFs such as leverage resilience, low cost of leverage and modest duration. These factors ar...

Summary We review closed-end fund market valuation and performance through the second week of January and highlight recent market action. CEFs continue to power ahead, stringing together two strong weeks in a row. We look at the key lessons of 2022 that can guide investors in their ...