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Summary BB-rated CLO debt has shown to be a better value over many years than ordinary garden-variety BB-rated corporate debt (higher yields, lower defaults). Current CLOs are issuing double-B-rated debt in their capital structures at SOFR (the "new LIBOR" base rate) of 3.8% plus spread...
XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE: XFLT) (the “Trust”) today announced that it plans to host the Trust’s Quarterly Webinar on December 1, 2022 at 11:00 am (Eastern Time). Robert Chenoweth, Vice President at XA Investments (“X...
Summary Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are PGZ, WDI, and KIO. Author’s note: This article was released to ...
Summary Long-term, income-oriented investors have a unique opportunity to invest in 2 funds that offer a steady distribution with reasonable future total return potential. XFLT offers a 14% yield and may have just bottomed in early October as the NAV begins to rise from its recent...
Summary Ten months of this troubling 2022 have passed, and my overall portfolio is beginning to take its final shape. Some positions have long since been completed, while for others, I am taking small acquisition steps each time the market turns downward. In spite of everythin...
Summary The CLO asset class is worth a look by income investors due to its strong historic profile, high yields and rising income levels. The asset class offers a wide variety of securities across the entire risk spectrum, with yields from mid-single-digit to double-digit levels. ...
Summary Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These October U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and n...
Summary PDO and XFLT have portfolios invested in debt securities but focus on two different areas of that market. PDO has a multi-sector bond fund approach, with XFLT investing heavily in senior loans and CLOs. Both pay attractive monthly distributions to shareholders while th...
Summary We had a bearish view on ECC when we covered it last. The fund has succumbed to the credit stress, and total returns including distributions are now negative over the last 5 years. When enough bad news is priced in, the fund can indeed deliver positive returns. But...
Summary As we entered new lows for the year in September, I was putting most of my cash to work. I have a very limited amount of cash left, but I make contributions regularly. The added income generation of the portfolio will also further help provide more cash flow to take ad...
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CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- XA Investments (XAI), an alternative investment management and consulting firm, announced the pending transaction, by which XAI will become investment adviser to the Madison Covered Call & Equity Strategy Fund (NYSE: MCN), a $146 million listed close...
2024-06-25 17:58:00 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...
2024-06-15 19:00:00 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...