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Summary We take a look at the action in business development companies through the fourth week of January and highlight some of the key themes we are watching. BDCs had another good week with the sector approaching a double-digit return this year already. We take another look at FGB...
Summary The markets have added to the gains they started in October. I add to my investments every month; however, this month, I did quite a bit of movement with several positions I sold too. The opportunities weren't always with similar funds, but the decisions were valuation drive...
Summary FGB's latest report showed that net investment income jumped quite meaningfully. That should leave it in a better position to maintain its high double-digit yield. Despite strong coverage, it should still be considered a more volatile CEF due to its leverage on leverag...
Summary 2 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Tortoise tender offers are live. RIV rights offering. NCZ postpones its distribution. Author’s note: This article was released to CEF/ETF Income Lab...
The market continued its rebound from the lows reached in June through the month of July. Mega-cap tech earnings came in and weren't as bad as investors seemed to have expected. Those earnings helped fuel gains through the month; where we go next is unknown, but there are still op...
We review CEF market valuation and performance through the third week of July and highlight recent market action. CEFs continued their rebound, supported by rising stocks and tighter credit spreads. Leverage cost differentiation is beginning to show up in CEF distribution changes....
The fund invests primarily in BDCs, despite the more open-ended name of "finance and financial opportunities." BDCs were holding up relatively well, with the latest declines and discount expansion making a more attractive investment for FGB. FGB is a tiny fund with leverage added ...
We review CEF market valuation and performance through the first week of May and highlight recent market action. The CEF space had another tough week as Treasury yields keep marching higher. We discuss the impact of CEF leverage hedges and whether the funds that hold them can mode...
FGB has been performing about flat for the year, which is better than most other investments at this time. This might be surprising since it is generally a riskier position, but this is because BDCs can actually benefit from higher interest rates. The fund's discount is right near...
First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.0825 per share. The distribution will be payable on February 28, 2022, to shareholders of record as of February 23, 2022. The ...
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First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has increased its regularly scheduled quarterly distribution to $0.10 per share from $0.0825 per share The distribution will be payable on May 31, 2024, to shareholders of record as of May 23, 2024. The ex-div...
First Trust Advisors L.P. (“FTA”) announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) (the “Fund”) held on February 20, 2024 has been adjourned in order to permit additional solicitation...
First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.0825 per share. The distribution will be payable on February 28, 2022, to shareholders of record as of February 23, 2022. The ...