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Original Post Crescat Capital December 31, 2018, update to investors below. We are happy to report estimates for Crescat's 2018 performance: Profit Attribution by Theme Investment Outlook Summary September 20, 2018, should mark the closing high for the S&P 500 to end the s...
How the Corporate Debt Bubble Will Crush Stocks Corporate debt, after years of encouragement by the Fed via artificially low interest rates, has reached historic levels. Now even the Fed is worried about its handiwork. Many of these companies will default over the next few years. This is a c...
Introduction The opportunities in closed-end funds over the last few months caught the eye of many investors. Most of these products are designed to provide a steady stream of income, usually on a monthly or quarterly basis, as opposed to the biannual payments provided by individual bonds....
As equity prices have cratered in the last several trading days, one area of the market that has predictably come under selling pressure is high yield credit. The chart below shows the 50-day rate of change in spreads on high yield bonds relative to treasuries. When spreads are rising, it indi...
The Junk-Bond Market Just "Puked." Risk is getting repriced. And rather suddenly. What are the real-world consequences? And how will it impact stocks? The Fed has warned about them, and investors fear a run-on-the-fund. Read… $1.3 Trillion "Leveraged Loan" Boom Comes Read...
With the price plunge which started in early October, the P/E ratio of the S&P 500 (using Bloomberg's measure, which is based on 12-month trailing earnings from continuing operations) has fallen from a high of 23.3 last January to 16.48 currently. To put this into perspective, consider tha...
By Matthew Minnetian, Susan Hutman, Gershon Distenfeld The media and some market observers are bracing for a blizzard of BBB-rated bonds to get downgraded to junk as the credit cycle turns. We expect it will be closer to a flurry. Investors are right to be concerned, of course. US corp...
MFS Investment Management ® (MFS ® ) released today the distribution income sources for six of its closed-end funds for December 2018: MFS ® Charter Income Trust (NYSE: MCR), MFS ® Government Markets Income Trust (NYSE: MGF), MFS ® Intermediate High Income Fund (...
By Collin Martin Key Points Risks are rising in the corporate fixed income markets and we suggest a more cautious stance heading into 2019. Investors should consider moving up in credit quality. Coupon income will likely be a key driver of total returns in 2019. Risks are...
The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate actions on CEFs, such as tender offers. Most of the information...
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MFS Intermediate High Income Fund Company Name:
CIF Stock Symbol:
NYSE Market:
Shares of MFS Intermediate High Income Fund (NYSE:CIF) traded at a new 52-week high today of $2.99. Approximately 57,000 shares have changed hands today, as compared to an average 30-day volume of 78,000 shares. Mfs Intermediate High Income Fund is a United States based diversified close...
MFS Intermediate High Income Fund (NYSE:CIF) traded today at a new 52-week high of $2.95. Approximately 55,000 shares have changed hands today, as compared to an average 30-day volume of 74,000 shares. In the past 52 weeks, MFS Intermediate High Income Fund share prices are bracketed by ...
MFS Investment Management ® (MFS ® ) announced today monthly distributions of the following closed-end funds, all with declaration dates of January 2, 2019, ex-dividend dates of January 15, 2019, record dates of January 16, 2019, and payable dates of January 31, 2019: ^The fun...