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2023-03-23 09:14:23 ET Summary We revisit the credit CEF ARDC. ARDC features an attractive income profile with significant floating-rate exposure and majority of its liabilities in fixed-rate format. The fund has raised its distribution twice over the past year. ARDC conti...
2023-03-13 09:00:00 ET Summary As the Fed looks to continue to raise interest rates in 2023, floating rate funds like JRO stand to benefit and offer well-covered high yield income. At a discount to NAV of more than -10% and a monthly distribution of $0.074 yielding 11%, JRO is a B...
2023-03-09 05:23:39 ET Summary First Trust CEF Income Opportunity ETF is an actively managed fund of funds. It has outperformed its competitors YYY and PCEF since 2016. Distribution growth has outpaced inflation, but share price has lagged it. The main issues of this fund ...
2023-03-07 14:21:46 ET Summary Ares Dynamic Credit Allocation Fund invests in a well-diversified portfolio of fixed-rate and floating-rate securities to provide investors with a high level of income. The fund's allocation to floating-rate securities should help cushion the portfol...
2023-03-07 11:45:46 ET Summary KIO's offering was oversubscribed. NAV/share took a significant hit due to dilution. Sell and rebuy would have worked again. Author's note: This article was released to CEF/ETF Income Laboratory members as part of the CEF Weekly Roundup o...
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 ...
Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced today the declaration of its distribution for the month of February 2023 of $0.1075 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: Fe...
Summary Pioneer High Income Fund is a fixed income closed-end fund. The vehicle is almost fully covering its 9.7% dividend yield now and has performed fairly robustly in the past year. Interesting to note is that the fund has catastrophe bonds in its composition (called 'Event-linke...
Summary RIG January value is green, rising 2.13% and has outperformed SPY 22.1% since inception in Nov 2021. Y/Y January dividends rose 1.78%, but 14.52% if KEN is excluded and cash rose from ~3.7% to now 14.6%. January dividends are up 2.5% from Oct Q3, the yield near 4.4% with the...
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 ...
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NEW YORK, NY / ACCESSWIRE / July 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of July 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribu...
2024-07-09 18:14:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-19 20:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...