Active Investment Company Alliance (AICA)

The Active Investment Company Alliance (AICA) will be the premier 501(c)(6) non-profit trade association for listed closed-end funds, business development companies, interval and tender offer funds. Membership will be broad-based globally across fund sponsors (member firm who manages a closed-ended management company, BDC or equivalent), or product sponsors (member firm who manages an investment product: open-end, UIT, ETF, CEF, SMA, LP where the underlying investments are focused on closed-ended management companies, BDC or equivalent).

Active Investment Company Alliance (AICA)

AICA Summer Summit, August 13th 2020

Event Registration

Average CEF Universe Data

#FundsCurrent Disc/Prm10 Yr Avg Disc/PrmMarket Yield3 Yr Div Growth3 Yr RoC %LeverageNet Assets (MM)1 Yr Price St. Dev3 Yr NAV St. Dev90 Day $ Liquidity (M)90 Day Volume Trend90 Day Price/Nav CorrCorr to 12 Sectors IndexBeta to S&P 500
US / Global Equity CEFs88-9.27%-9.23%6.87%134.21%25.38%10.52%$79741.5623.121537-5.71%79.17%88.24%0.96
Sector Equity CEFs106-5.68%-3.99%6.68%-23.22%39.02%15.85%$71757.6529.662964-4.18%75.95%86.02%1.08
Taxable Bond CEFs152-3.29%-3.49%7.37%-5.57%13.90%25.49%$43737.5110.151815-1.05%61.18%85.25%0.51
Debt Focused BDCs44-5.47%-3.58%9.12%-2.90%4.48%48.36%$104877.1811.3651641.88%N/A81.07%1.55
Municipal (tax-free) CEFs141-4.41%-3.61%4.33%-6.42%1.53%31.73%$46925.577.768677.30%62.68%81.75%0.37
All Listed CEFs/BDCs535-5.40%-4.83%6.44%8.47%16.46%24.62%$60842.5415.722018-0.16%63.99%84.24%0.63
Data as of 03/05/2021 from
1 Week(%)1 Month(%)3 Month(%)6 Month(%)1 Year(%)3 Year(%)5 Year(%)10 Year(%)QTD(%)YTD(%)
US / Global Equity CEFs0.39%0.70%2.33%1.03%10.33%7.96%26.22%20.80%24.25%26.26%7.96%8.53%12.56%11.64%7.63%7.93%6.82%4.44%6.82%4.44%
Sector Equity CEFs1.18%2.28%3.36%2.27%9.51%7.35%23.62%18.49%1.27%3.88%1.65%2.25%5.78%5.65%5.80%5.95%8.05%6.26%8.05%6.26%
Taxable Bond CEFs0.29%-0.53%0.59%-0.47%5.15%3.23%14.61%9.80%8.18%8.18%6.87%6.09%9.84%8.94%6.14%6.53%3.15%1.05%3.15%1.05%
Debt Focused BDCs1.24%0.00%7.04%0.19%14.15%4.53%47.01%10.55%8.06%3.78%7.15%5.42%9.80%6.90%7.46%8.48%14.01%0.40%14.01%0.40%
Municipal (tax-free) CEFs-0.08%0.39%-1.90%-1.97%0.98%0.66%5.43%3.39%1.48%0.90%7.21%6.10%4.05%4.69%6.53%7.03%-0.37%-0.43%-0.37%-0.43%
All Listed CEFs/BDCs0.42%0.52%1.26%-0.01%6.70%4.25%18.65%11.62%7.87%7.93%6.04%5.58%7.77%7.26%6.50%6.91%4.67%2.19%4.67%2.19%
Data as of 03/05/2021 from

Press Releases

OFS Capital Corp (OFS)

03/05/2021 - BDC Earnings

The company announced 2020-12-31 financial results. Net investment income increased by 8.75% to $0.22 per share from $0.2 per share on previous quarter. One... [...]

Tri-Cont Corp (TY)

03/05/2021 - Dividend

Ex-div date 2021-03-16, Record date 2021-03-17, Payable date 2021-03-25. Quarterly dividend decreased by 8.36% to $0.2455 from $0.2679 per share. As of 2021-03-04, total... [...]

Gladstone Cap Corp (GLAD)

03/05/2021 - Leverage Amount Change

The Company announced that it priced a public offering of an additional $50 million in aggregate principal amount of 5.125% notes due 2026. The... [...]

Herzfeld Caribbean Basin Fd (CUBA)

03/05/2021 - Tender Offer

The Fund announced the final results of the Fund’s offer to purchase up to 5% of outstanding shares of the Fund at 97.5% of... [...]

Source Capital (SOR)

03/05/2021 - Discount Management Policy

The Board approved a Discount Management Program (the “Program”). Under the terms of the Program, the Fund’s Board of Directors approved annual tender offers... [...]

Oaktree Stgc Incm Corp (OCSI)

03/04/2021 - Other Announcements

The Company announced that the record date for its special dividend will be March 17, 2021. This special dividend will be in an amount... [...]

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