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Summary Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, WIW, and DHF. Author’s note: This article was released to CEF/ETF Income Laboratory members on August 19th, 2022. Pleas...
Summary Eagle Point Credit Company and Oxford Lane Capital are both CEFs focused on CLO Equity investments. Both funds have ~15% current distribution yields. ECC has announced a $0.25 special dividend. I am staying away from both ECC and OXLC as I believe we are in the early i...
Oxford Lane is a CEF focused on investing in CLO equity tranches. It has a current distribution yield near 15%. Constant decline in NAV is worrisome as is the high expenses of the fund. OXLC's constant issuance of shares may dilute any potential credit recovery. Whil...
CLO funds came with a lot of promise, but returns across the spectrum have been poor. OCCI boasts a stunning 20% yield, but problems abound. Four numbers you should remember here, 20%, 12%, 40% and 100%. CLO funds have struggled to deliver in the past 3-5 years. None of ...
"Managed distributions" are what some closed-end funds use to maintain a consistent dividend payout even when the underlying earnings supporting it may be choppy. They are especially popular among equity funds, whose dividend income is puny and who therefore rely mostly on capital gai...
For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad marke...
Eagle Point Income Company Inc. stuttered shortly after the debut as it ran into the COVID-19 crisis. Performance beyond that has been good. Overall returns have been mediocre but the fund could likely do better than OXLC and ECC in the next 18 months. Our recent takes on th...
We review CEF market valuation and performance through the first week of August and highlight recent market action. CEFs had a strong week overall as they continue to be supported by resilience in discounts. We highlight why CEF performance needs to be evaluated in the context of ...
XFLT is a fascinating fund focusing on CLO debt and CLO equity. The well regarded management and the relatively more conservative approach have attracted investors. Returns continue to be nowhere in the ballpark of the distribution yield. We tell you why. Lately we h...
Let's get real and drop any pretending that issues will self-resolve. I focus on cashflow first. This separates my Income Method from other investment philosophies. We look at yields up to 13% as we dig deeper. Co-produced with Treading Softly Growing up we had a...
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GREENWICH, Conn., July 19, 2024 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) announced today that it will hold a conference call to discuss its first fiscal quarter earnings...
GREENWICH, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (the “Company”) today announced that it has priced an underwritten public offeri...
2024-06-27 05:20:00 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...