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Summary In this article, I will go over the difference between CLM and CRF as well as their basic characteristics. In my opinion, despite their dividend yields of 24%+, both funds are only suitable for speculation and not for investment. In terms of premiums to NAV and dividen...
Summary With the backing and experience of Ares Credit, ARDC can leverage higher credit spreads in senior loans and CLOs to easily cover the 9% distribution. The monthly dividend was just raised by 5% and the discount to NAV has widened to -8% offering a unique buying opportunity....
CEF discounts have narrowed from our previous update but are still sitting wider than at the end of 2021. So far, discounts have bottomed out with the market on June 16th, 2022, which has so far been the market low for 2022. 2022 remains a volatile year but has also presented quit...
In the rare-air world of premium priced closed-end funds (CEFs), Gabelli and Cornerstone are two fund sponsors who often have CEFs at over +20% market price premiums. Considering 4 out-of-the-less than 10 CEFs out of 450 that trade at 20%+ premiums come from Gabelli (GAMCO) and Corner...
19 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week. SMM will pay a "Saba special distribution", funded by management. ZTR rights offering is now live. Author’s note: This article was released to CEF/ETF Income Laborator...
( NewMediaWire ) - August 15, 2022 - DALLAS and NEW YORK — Two leaders in cardiovascular disease science, research and education, the American Heart Association (Association) and the Cardiovascular Research Foundation (CRF), are joining forces to strengthen and expand educational...
NEW YORK, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment ...
It's been a stellar month+ for the more aggressive and leveraged equity CEFs with the more defensive option-income CEFs having more mixed results. Generally speaking, option-income CEFs that sell a low percentage of options against their portfolio have performed better than option fun...
21 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. Saba scores a victory against VFL. VFL will tender 50% of its shares in December. Author’s note: This article was released to CEF/ETF Income Laboratory members on July...
21 out of 23 CEF sectors were positive on price and 16 out of 23 sectors were positive on NAV last week. Saba moves against SMM. XFLT closes a common share and convertible share offering. Author's note: This article was released to CEF/ETF Income Laboratory members on ...
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2024-07-10 15:36:00 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...
2024-06-30 16:40:00 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...
2024-06-20 17:44:00 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...