MIE News and Press, Cohen & Steers MLP Income and Energy Opportunity Fund Inc. From 01/29/21

As President Biden took office, the reflation trade that had boosted energy broadly gave way to regulatory concerns, as his administration largely delivered on campaign promises that were well telegraphed in the past. Given TC Energy was the sole midstream company with ownership inter...

Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. Announces Liqudiation Proposal Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. Announces Liqudiation Proposal PR Newswire NEW YORK , Jan. 27, 2021 /PRNewswire/ -- Cohen ...

Broadly for energy, 2020 was the story of demand destruction for oil from the virus, and while midstream saw weakness, it was more defensive than other sectors of energy. Capturing headlines this week as it related to midstream was the halting of the Keystone XL pipeline. Alerian'...

Rising inflation expectations are becoming a key discussion point in 2021. Rates were already on an upward trajectory in Q4, but recent developments fast-tracked those concerns in the new year. For investors, the key question is whether rising inflation expectations actually materiali...

Sixteen out of 23 CEF sectors positive on price and 14 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: January 17, 2021

In its monthly production output meeting, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to keep the output mostly steady in February. TC Energy announced TC Pipelines agreed to its plan to acquire all outstanding common units of TCP that it does n...

Recent commodity price improvement has not been limited to oil, as liquefied natural gas (LNG) and natural gas liquids (NGLs) have also seen significant gains. Aside from commodity price improvements, the reflation trade has also provided a boost to energy and supported interest and m...

Low interest rates for much of the last ten years have made it much tougher for investors seeking income from traditional sources such as bonds. Despite a recent improvement in performance, midstream yields remain well above historical averages and are superior to other income-oriente...

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended December up 2.5% on a price basis and after distributions are considered. For the year, the AMZ was down 36.4% on a price basis, resulting in a 28.8% total return loss. MLP yield spreads, as measured by the AMZ yiel...

It is important to remember that not all return of capital is necessarily destructive to a fund. Return of capital is a tax term and not a term for evaluating performance. Some investors look for return of capital to defer tax obligations, potentially indefinitely. For furth...