- We review CEF market valuation and performance through the fourth week of March and highlight recent market action.
- The CEF market had another down week, in aggregate, with equity-linked sectors outperforming on the back of a bounceback in stock prices.
- We discuss whether investors need to worry about another wave of CEF deleveraging.
- And discuss news from BGH, DCF as well as distribution coverage updates from PIMCO and Nuveen.
- In our view, after being expensive for close to 6 months loan CEFs have moved to trade to an attractive valuation, providing investors with attractive margin of safety.
For further details see:
CEF Market Weekly Review: Do Investors Need To Worry About Deleveraging