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By Brian Watson, CFA, Senior Portfolio Manager The midstream sector finds a way to offset the impact of the coronavirus and oil glut April MLP performance appeared to reflect improving sentiment as COVID-19 containment efforts are set to ease in many locations. Furthermore, mids...
Following the quarterly review of the funds with management and the Board of Directors, Tortoise is today announcing that each of TYG, NTG and NDP are temporarily suspending quarterly distributions through the end of the calendar year, TTP is reducing quarterly distributions, and TEAF is redu...
Photo Source: REUTERS/Carlos Barria. National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci attends a coronavirus response meeting between U.S. President Donald Trump and Louisiana Governor John Bel Edwards in the Oval Office at the White House in Washington, U.S.,...
Author's note: This article was released to CEF/ETF Income Laboratory on April 28, 2020. 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 co...
MLPs are a particularly popular asset class for both Seeking Alpha readers and CEF/ETF Income Laboratory subscribers. Several subscribers have asked me if I could do a writeup of these funds and their performance during the past few weeks, which I'll be doing in this article. MLP CEFs have p...
Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Additionally, Tortoise would also like to provide an update on TEAF’s direct investments. The fund’s private deal summary list has be...
Tortoise announced that the previously disclosed reverse stock splits, for closed-end funds TYG, NTG, TTP and NDP as outlined below, were executed today prior to the open of trading on the New York Stock Exchange (the “NYSE”). The funds’ common shares will begin trading o...
Expanding on the theme of yesterday's note discussing midstream defensiveness, today's piece examines the resilience of forward estimates for the midstream space despite oil's price collapse. In contrast with other segments of energy, 2020 and 2021 midstream EBITDA estimates have seen only m...
Tortoise announced today the release of the combined 2020 first quarter stockholders’ report for TYG, NTG, TTP, NDP, TPZ and TEAF. This report is available online at cef.tortoiseadvisors.com . Please call (866) 362-9331 or email info@tortoiseadvisors.com to request hard copies o...
Given their greater income, we have typically prioritized MLPs in our research covering yields and distributions ( read more ). However, the recent sell-off and consequential increase in the yields of the broader midstream space has prompted many income-oriented investors to consider both ener...
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2024-07-23 12:48:00 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...
2024-07-23 10:45:03 ET Guggenheim Strategic Opportunities Fund (GOF) GOF is trading UP for the last 5 days, and it at trading at $15.34 with volume of 217,720 and a one day change of $0.00 (0.01%). Guggenheim Strategic Opportunities Fund has a 52-week low of 10.96 and a 52-week high...
2024-07-03 11:36:00 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...