PPR News and Press, Voya Prime Rate Trust From 01/11/21

17 out of 23 CEF sectors positive on price and 19 out of 23 sectors positive on NAV last week. PPR tender offer expires on January 4, 2021, and our Tactical Income-100 portfolio is tendering all shares. NHF's extended tender offer also expired. For further details see: W...

Voya Prime Rate Trust (NYSE: PPR) (the “Fund”), today announced the final results of the Fund’s tender offer (the “Tender Offer”) for up to 15% of its outstanding common shares (the “Shares”). The Tender Offer, which expired at 5:00 p...

Voya Prime Rate Trust (NYSE: PPR) (the “Fund”), today announced the expiration and preliminary results of the Fund’s tender offer (the “Tender Offer”) for up to 15% of its outstanding common shares (the “Shares”), or 21,576,552 Shares. Th...

Senior loan funds are showing some opportunities at some deep discounts. These funds should benefit from increasing interest rates, but that could be years before playing out. Be aware of certain other risks in these investments, as well as the other benefits they can provide. ...

We recently included PPR in our Tactical Income- 100 portfolio from PHD to take advantage of a tender offer. PHD is also set for a tender offer, but the price has appreciated considerably since announcement. PPR invests mostly in senior loans, and they recently increased their dis...

23 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. Rally continues for the fifth week; MLPs lead again. DSL cuts distribution. For further details see: Weekly Closed-End Fund Roundup: December 6, 2020

November was one of the best months for markets in general and that includes CEFs, which rallied hard. Our Core Portfolio was up 7.2% in the month. Discounts have tightened materially in the last month but still remain much wider than at the start of the year. We describe why we t...

22 out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. Rally continues for the fourth week as MLPs lead the way. DSL announces distribution cut, discussed in a separate report for members. For further details see: Weekly Closed-End...

"Quality" is a term much bandied about in the CEF space without a clear definition as to what qualifies as a "quality fund" We suggest two dimensions of quality: CEF outperformance relative to its sector and open-end fund alternatives as well as good governance features. We also h...

Voya Prime Rate Trust (NYSE: PPR) (the “Fund”), today announced the commencement of a tender offer for its outstanding common shares. As previously announced, the Fund will purchase for cash up to 15% of its outstanding common shares, at a price equal to 99% of the Fun...