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Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of March, April and May 2023. The following dates apply to the distribution schedule below: This press release is not for tax reporting purposes but is bein...
Summary We review CEF market valuation and performance through the third week of January and highlight recent market action. CEFs had another strong week with most sectors seeing both NAV gains and discount tightening. With most funds continuing to trade at discounts, rights offerin...
The following Funds announced today their share repurchase activity during the fourth quarter of 2022. Share Repurchases seek to enhance shareholder value by purchasing the Fund’s shares when trading at a discount to the Fund’s net asset value (“NAV”) per share. Al...
Summary 2 out of 23 CEF sectors positive on price and 2 out of 23 sectors positive on NAV last week. MLPs lead while real estate lags. Emerging market income are the highest-yielding CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory mem...
Summary 2 out of 23 CEF sectors were positive on price and 2 out of 23 sectors were positive on NAV last week. VFL offers tender results. Why it pays to monitor your CEF holdings for corporate actions. Author's note: This article was released to CEF/ETF Income Laborato...
Summary DMO was a fund brought up recently that has interested me in the past, but one that I've never covered. Over the long-term, this is the best-performing mortgage fund, but other timeframes reflect mixed results. At a large discount, the fund could be more compelling than its ...
Summary Western Asset Mortgage Opportunity Fund Inc. (DMO) is a closed end fund focused on mortgages. Unlike some of its peers in the space, DMO takes on significant credit risk through its holdings. The fund is trading at a -10% discount to NAV, and has seen discounts in its pricin...
Summary We review closed-end fund market valuation and performance through the third week of December and highlight recent market action. CEFs were mixed this week; however, discounts have continued to widen, extending a recent trend. We discuss the concept of yield-on-cost which we...
Western Asset Mortgage Opportunity Fund ( NYSE: DMO ) had declared $0.10/share monthly dividend , in line with previous. Payable Dec. 30; for shareholders of record Dec. 22; ex-div Dec. 21. Payable Feb. 1; for shareholders of record Jan. 24; ex-div Jan. 23. Payable M...
Summary We review closed-end fund market valuation and performance through the first week of December and highlight recent market action. CEFs had a strong week, with all sectors seeing positive total NAV returns. We highlight the drivers of higher yields this year across many CEFs....
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2024-06-21 00:32:00 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...
Western Asset Mortgage Opportunity Fund Inc. (NYSE: DMO) today announced the financial position of the Fund as of March 31, 2024. This financial data is unaudited. The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as wel...
2024-05-10 10:06:00 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...