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For the third month in a row, equity CEFs on average posted positive returns, rising 0.84% on a NAV basis for January. While for the tenth month running, fixed income CEFs witnessed returns in the black (+1.13%). Eighteen percent of all CEFs traded at a premium to their NAV, with ...
Sixteen out of 23 CEF sectors positive on price and 14 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: January 17, 2021
Gainers: Upstart Holdings (UPST) +16%. Medley Management (MDLY) +14%. Silver Spike Acquisition (SSPK) +13%. ATIF Holdings (ATIF) +14%.Losers: Silvergate Capital (SI) -14%. U.S. Global Investors (GROW) -11%. Marathon Patent Group (MARA) -10%. Oxbridge Re Holdings (OXBR) -8%. RENN Fund (RCG) -7...
16 out of 23 CEF sectors positive on price and 14 out of 23 sectors positive on NAV last week. MLPs lead while preferreds/real estate lags. PPR tender results: decent pro-ration factor with quick +8% gain on tendered shares in our Tactical Income-100 portfolio. For further d...
As the year is starting to wind down, I wanted to take an updated look at what distribution changes happened throughout the year. We had previously done this for a more specific time frame; the time frame of the pandemic to shortly after in June. Again, I'm surprised at how resili...
In the midst of the extreme market dislocations of 2020, the active vs. passive debate continues to rage on as powerfully as ever. While nearly 4 of 5 active U.S. large cap funds continue to underperform the S&P 500, the most recent SPIVA data shows key areas where active manageme...
In the midst of the extreme market dislocations of 2020, the active vs. passive debate continues to rage on as powerfully as ever. While nearly 4 of 5 active U.S. large cap funds continue to underperform the S&P 500, the most recent SPIVA data shows key areas where active manageme...
For the second consecutive month, equity CEFs on average posted negative returns, declining 0.41% on a NAV basis for October. While for the seventh month in a row, fixed income CEFs witnessed returns in the black (+0.03%). Only 11% of all CEFs traded at a premium to their NAV, wit...
The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced that it recently received proceeds of $181,735.77 from the bankruptcy case involving Petrohunter Energy Corporation (“Petrohunter”), a position in the Fund that has been valued at zero ($nil) since th...
Publicly-held real estate securities can be used to establish the equivalent of a long term real estate portfolio. This approach is intended to take on the characteristics of real estate investing as opposed to focusing on market timing and an agility to take quick profit. At pres...
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The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today a record date for the Fund’s year-end distribution in the event a distribution is made. The record date will be December 20, 2022 and Pay-Date of December 30, 2022. The Fund will make an announcement on or about...
Third paragraph, first sentence of release should read: The Fund sold an aggregate of 1,063,830 shares of common stock at a purchase price of $1.98 per share. (instead of 1,487,989 shares). The updated release reads: RENN FUND, INC. ANNOUNCES RESULTS OF RIGHTS OFFERING T...
The RENN Fund, Inc. (NYSE MKT: RCG) (the “Fund”) announced today that they have declared a year-end distribution of income in the amount of $0.022602 per share, payable on December 30, 2021, to stockholders of record on December 20, 2021. The Fund will trade with due bills...