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Forgive my cheeky title, which applies to the author as much as to many readers. We're all on a learning curve here with more exotic asset classes like CLOs. Collateralized Loan Obligations (CLOs) can seem pretty complex, but stripped down to their essentials they are "virtual banks"....
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...
For the broader indexes, December continued along its upward momentum. Overall, the market seems to be quite lofty at these levels, so keeping a cash allocation could be appropriate. The overall buying for the month might seem like a lot of positions, but was on the lighter side a...
17 out of 23 CEF sectors positive on price and 19 out of 23 sectors positive on NAV last week. PPR tender offer expires on January 4, 2021, and our Tactical Income-100 portfolio is tendering all shares. NHF's extended tender offer also expired. For further details see: W...
Corporate America has used the past few months to strengthen balance sheets and position itself to "ride out the storm" of the next 6-12 months or more. I feel more confident about CLOs and the underlying corporate loan market that supports it. Trends in corporate default rates, t...
Imagine a stock or fund that paid out its dividends once-per-month instead of quarterly, semi-annually, or (ugh) annually. Your anticipatory-angst waiting for your money is reduced by 300% or more. January's U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains i...
Senior loan funds are showing some opportunities at some deep discounts. These funds should benefit from increasing interest rates, but that could be years before playing out. Be aware of certain other risks in these investments, as well as the other benefits they can provide. ...
XFLT recently boosted its distribution back to pre-Covid crash levels. With this change, they also implemented a investment policy change to favor holding more CLOs. The hybrid approach worked relatively well going through the volatile 2020. For further details see: XFLT...
CEFs are a must have tool in any income portfolio. The rotation from growth to value is happening, driving up prices of value investments. We look at three great CEFs to take advantage of this rotation. For further details see: Need Income? 3 Monthly-Pay CEFs With Yields...
Highland Income Fund is trading at 25% discount to NAV. They also are holding and buying their positions at a discount to PAR. CLOs have seen strong positive price action, helping the fund to maintain a large discount as market prices rise. For further details see: 9% Yi...
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XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest Company Name:
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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...