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Global macro data is weighing on investors' minds this week with the start of the second quarter earnings season and a higher-than-expected CPI print. The narrative appears to be changing again. As we've described, the first quarter was about a rising rate/rising inflationary market a...
GLU's rights offering has concluded. A higher than expected number of rights holders subscribed. Subscribers obtained only a thin discount to the subscription price. Author's note: This was released as part of the Weekly CEF Roundup released to CEF/ETF Income Labo...
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 ...
We previously discussed Buffett's explanation for why smart people go broke. We then made the connection to why we generally don't buy CEFs. However, this does not mean that investors should never buy any CEFs under any circumstances. Back in March, we wrote : ...
The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) announces the completion of its transferable rights offering (the “Offering” or “Offer”). Preliminary results indicate that the Fund will is...
0 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Commodities lead while MLPs lag. MLPs are the most discounted CEF sector. For further details see: Weekly Closed-End Fund Roundup: June 19, 2022
The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has extended the previously announced transferable rights offering which would allow the Fund’s record date common shareholders to acquire additional common shar...
1 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Volatility brings CEF rotation opportunities. Examples of three (non-portfolio) swaps. For further details see: Weekly Closed-End Fund Roundup: Volatility Brings CEF Rotation Opp...
We last touched on this stellar group of closed-end funds in the fall of 2021. However, so much has changed since that time; I wanted to revisit to look at distribution coverage and the likelihood they remain stable payers. The good news so far, the same six funds remain in this u...
7 out of 23 CEF sectors positive on price and 11 out of 23 sectors positive on NAV last week. CLM/CRF rights offerings expiring this week. NEV/NZF have merged. BTO increases its quarterly distribution. For further details see: Weekly Closed-End Fund Roundup: June 5, ...
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2024-05-11 10:28:00 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...
2024-04-02 01:40:00 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...
RYE, N.Y., March 26, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (the “Board”) (NYSE American: GLU ) (the “Fund”) announced the appointment of Nicolas W. Platt to the Board of the Fund effective February 13, 2024....