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, Eft, CEF, SMA, LP where the underlying investments are focused on closed-ended management companies, BDC or equivalent).
Average CEF Universe Data
| #Funds | Current Disc/Prm | 10 Yr Avg Disc/Prm | Market Yield | 3 Yr Div Growth | 3 Yr RoC % | Leverage | Net Assets (MM) | 1 Yr Price St. Dev | 3 Yr NAV St. Dev | 90 Day $ Liquidity (M) | 90 Day Volume Trend | 90 Day Price/Nav Corr | Corr to 12 Sectors Index | Beta to S&P 500 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US / Global Equity CEFs | 89 | -10.37% | -9.01% | 8.16% | -0.69% | 25.85% | 11.32% | $551 | 27.13 | 25.57 | 1621 | -3.13% | 85.51% | 72.16% | 0.76 |
| Sector Equity CEFs | 103 | -5.02% | -4.63% | 7.51% | -13.35% | 33.69% | 17.43% | $748 | 25.68 | 30.01 | 2398 | -8.06% | 81.66% | 74.17% | 0.69 |
| Taxable Bond CEFs | 141 | -3.04% | -4.48% | 9.52% | -4.58% | 18.65% | 28.24% | $405 | 19.81 | 11.87 | 1649 | -2.88% | 71.77% | 73.06% | 0.80 |
| Debt Focused BDCs | 44 | -8.11% | -4.50% | 10.13% | 1.41% | 4.33% | 51.48% | $1294 | 29.68 | 12.31 | 5785 | -12.32% | N/A | 64.23% | 0.61 |
| Municipal (tax-free) CEFs | 115 | -8.45% | -4.45% | 4.27% | -19.72% | 3.49% | 34.74% | $487 | 17.40 | 9.09 | 1711 | -29.97% | 78.67% | 63.28% | 0.99 |
| All Listed CEFs/BDCs | 497 | -6.89% | -5.64% | 7.61% | -9.23% | 18.05% | 26.32% | $597 | 22.90 | 17.60 | 2165 | -11.27% | 70.69% | 69.74% | 0.76 |
| 1 Week(%) | 1 Month(%) | 3 Month(%) | 6 Month(%) | 1 Year(%) | 3 Year(%) | 5 Year(%) | 10 Year(%) | QTD(%) | YTD(%) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | Price | NAV | |
| US / Global Equity CEFs | 0.47% | 0.46% | 4.81% | 4.21% | 11.95% | 11.48% | 0.03% | 2.85% | -11.45% | -7.90% | 3.35% | 4.15% | 4.37% | 4.64% | 6.28% | 6.33% | 8.21% | 6.96% | 8.21% | 6.96% |
| Sector Equity CEFs | 0.36% | 0.32% | 4.17% | 3.19% | 8.09% | 8.03% | 0.34% | 1.54% | -1.87% | -0.62% | 1.39% | 2.34% | 3.88% | 3.94% | 4.75% | 4.83% | 7.13% | 5.24% | 7.13% | 5.24% |
| Taxable Bond CEFs | 1.23% | 0.49% | 6.48% | 3.09% | 11.24% | 8.30% | 1.29% | 1.05% | -8.15% | -7.79% | -0.38% | 0.11% | 3.17% | 2.43% | 3.44% | 3.88% | 9.31% | 4.88% | 9.31% | 4.88% |
| Debt Focused BDCs | 1.58% | 0.00% | 5.93% | 0.15% | 9.14% | 3.32% | 2.89% | 4.35% | -2.55% | 4.79% | 5.31% | 6.66% | 8.44% | 6.00% | 6.97% | 7.90% | 7.96% | 0.17% | 7.96% | 0.17% |
| Municipal (tax-free) CEFs | -0.46% | 0.04% | 3.25% | 2.80% | 12.29% | 12.72% | -5.82% | -1.09% | -12.76% | -10.38% | -4.01% | -2.32% | 1.29% | 1.47% | 1.73% | 2.85% | 5.05% | 5.02% | 5.05% | 5.02% |
| All Listed CEFs/BDCs | 0.54% | 0.30% | 4.88% | 2.95% | 10.59% | 9.26% | -0.83% | 1.15% | -8.28% | -5.94% | 0.20% | 1.22% | 3.41% | 3.12% | 3.93% | 4.46% | 7.55% | 4.89% | 7.55% | 4.89% |
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Press Releases
02/07/2023
The company announced 2022-12-30 financial results. Net investment income increased by 19.94% to $0.68 per share from $0.57 per share
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02/07/2023
The Company will host a conference call on Thursday, February 9, 2023 at 9:30 a.m. Eastern Time.
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02/07/2023
Ex-div date 2023-02-16, Record date 2023-02-17, Payable date 2023-02-28. Monthly dividend increased by 2.37% to $0.0562 from $0.0549 per share.
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02/07/2023
The company announced 2022-12-30 financial results. Net investment income increased by 7.39% to $0.63 per share from $0.59 per share
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02/06/2023
The company announced 2022-12-30 financial results. Net investment income increased by 16.14% to $0.25 per share from $0.22 per share
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02/06/2023
CION will discuss those results in an earnings conference call at 11:00 a.m. ET that same day March 16, 2023.
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