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 CEFs87-6.98%-9.32%6.36%-6.31%23.22%10.00%$60720.3423.271552-1.75%82.44%65.73%0.96
Sector Equity CEFs105-2.25%-4.14%5.81%-21.74%38.15%15.61%$79621.9029.652623-5.40%87.40%64.50%1.13
Taxable Bond CEFs152-0.25%-3.58%7.06%-4.35%14.02%25.78%$45613.3810.231615-1.04%58.16%52.78%0.51
Debt Focused BDCs426.15%-3.52%7.94%-3.85%5.78%47.29%$113529.3811.695342-1.15%N/A55.68%1.58
Municipal (tax-free) CEFs122-1.27%-3.56%4.07%-4.34%1.46%32.18%$56010.437.77814-7.09%78.86%35.05%0.36
All Listed CEFs/BDCs512-1.77%-5.10%5.99%-8.28%16.59%24.15%$63017.3016.141929-3.82%72.46%52.96%0.65
Data as of 06/15/2021 from CEFData.com
1 Week(%)1 Month(%)3 Month(%)6 Month(%)1 Year(%)3 Year(%)5 Year(%)10 Year(%)QTD(%)YTD(%)
PriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAVPriceNAV
US / Global Equity CEFs-0.21%-0.59%4.09%2.32%8.21%5.28%20.98%15.44%52.37%43.91%11.38%11.30%14.03%12.82%8.97%8.92%8.04%6.17%19.12%13.33%
Sector Equity CEFs0.74%0.59%6.11%3.86%13.33%9.28%26.45%19.65%44.30%37.80%5.81%5.28%7.08%6.30%7.33%7.01%13.05%10.45%27.27%20.28%
Taxable Bond CEFs-0.05%-0.15%2.34%1.23%5.24%2.60%10.96%5.40%30.12%21.70%8.77%6.96%9.33%8.19%6.66%6.70%4.73%2.83%9.82%4.20%
Debt Focused BDCs-0.93%0.00%5.33%0.14%11.48%4.06%34.08%8.10%65.39%21.23%9.90%5.77%11.57%7.59%10.21%8.62%12.35%0.41%33.98%5.28%
Municipal (tax-free) CEFs0.38%0.21%2.14%1.53%5.94%3.24%8.32%3.98%18.03%10.54%9.83%6.98%4.26%4.50%6.83%6.81%5.10%3.35%6.97%3.58%
All Listed CEFs/BDCs0.12%0.03%3.55%1.93%8.07%4.77%17.24%10.03%37.15%26.11%8.87%7.19%8.52%7.54%7.43%7.27%7.68%4.86%16.29%9.08%
Data as of 06/15/2021 from CEFData.com

Press Releases

Calamos Lng-Srt Eq & Dyn Incm (CPZ)

06/15/2021 - Dividend

Ex-div date 2021-07-12, Record date 2021-07-13, Payable date 2021-07-20. Monthly dividend increased by 7.69% to $0.14 from $0.13 per share. As of 2021-06-14, total... [...]

First Eagle Sr Ln Fd (FSLF)

06/14/2021 - Liquidation/Dissolution

The Fund announced that it intends to liquidate and distribute its net assets to shareholders. The Fund’s investment adviser, First Eagle Alternative Credit, LLC... [...]

Highland Incm Fd (HFRO)

06/14/2021 - Other Announcements

The Fund announced the filing of a preliminary proxy statement with the Securities and Exchange Commission for a special meeting of shareholders in connection... [...]

FS KKR Capital Corp (FSK)

06/11/2021 - Leverage Amount Change

The Company announced that it has priced an underwritten public offering of $400,000,000 in aggregate principal amount of its 2.625% unsecured notes due 2027.... [...]

Portman Ridge Fin Corpn (PTMN)

06/11/2021 - Merger

PTMN announced the closing of the previously announced merger with Harvest Capital Credit Corporation. The combined company, which will remain externally managed by Sierra... [...]

NexPoint Stgc Opp Fd (NHF)

06/11/2021 - Tender Offer

The Fund announced the extension of the offering period for its previously announced offer to purchase any and all Shares of Beneficial Interest of... [...]

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