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Return of capital is often misunderstood as always being a bad thing when showing up in the tax character of distribution. However, there is a significant benefit to return of capital for those held in a taxable account as a way to defer tax obligations. These can be deferred pote...
TBLD went public in July 2021 at $20 and NAV is now $20.04 after paying a regular monthly distribution of $.1042 since inception for a yield of 6.75%. The CEF is a 12-year term fund set to terminate in 2033 and currently trades at a ~6% discount to NAV. The fund objective is to of...
The markets in 2022 are in the midst of a correction, but my portfolio hasn't joined in the negativity. Knowing what is going on and why it's important, acting on that knowledge is essential. Five market-beating picks so far that will continue to trounce the market in 2022. ...
Interest rates have risen sharply since the start of the year, causing some pain in the markets and a significant rise in the VIX. With the VIX up sharply, we risk seeing discounts widen from here given how tight they are. But with interest rates rising across the curve, discounts...
An American expert on horse race betting, Andrew Beyer, defined the psychological aspects related to the behavior of gamblers in two categories: “prime bets” and “action bets”. CEFs composing my Cupolone Income Portfolio are “prime bets;” they...
XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) has declared its regular monthly distribution of $0.073 per share on the Trust’s common shares (NYSE: XFLT), payable on March 1, 2022 to common shareholders of record as of February 15, 2022...
XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) has declared its regular monthly distribution of $0.073 per share of the Trust’s common shares (NYSE: XFLT). The Trust also declared preferred dividends for the quarter of $0.40625 per share...
XFLT pays investors a generous distribution yield currently at 10.07%. This distribution has been quite steady as they raised it back up after cutting in 2020 given the environment. This consistency and generous distribution will regularly push XFLT to trade at premiums, so while ...
We review CEF market valuation and performance through the second week of December and highlight recent market action. December has so far provided a respite from a more grim November. We revisit some of our core CEF themes that have been relatively resilient and can continue to p...
4 out of 24 CEF sectors positive on price and 2 out of 24 sectors positive on NAV last week. Date for PIMCO merger of PCI and PKO into PDI announced. USA rights offering results. JDD, JTA and JTD have been merged into the multi-asset NMAI. For further details see: We...
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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...