AICA Events
Active Investment Company Alliance Events / CEF / BDC/
Interval Fund Bootcamp & Roundtable

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).

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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 CEFs84-13.46%-9.31%8.46%38.96%27.96%10.35%$56618.6518.7613264.09%87.90%72.00%0.79
Sector Equity CEFs97-8.08%-4.76%8.42%28.08%28.17%17.52%$77419.2617.5423326.68%86.62%71.35%0.74
Taxable Bond CEFs135-6.02%-4.81%10.72%11.78%19.24%26.59%$41315.728.0015494.65%78.17%67.64%0.60
Debt Focused BDCs43-6.22%-5.98%10.76%17.79%1.90%50.64%$139027.407.206376-0.50%N/A55.33%0.61
Municipal (tax-free) CEFs108-12.71%-4.94%4.85%-20.87%5.37%33.16%$48813.256.53140515.66%93.16%57.61%1.07
All Listed CEFs/BDCs471-9.67%-5.92%8.45%11.32%17.61%25.45%$61817.6411.5220666.99%77.35%65.46%0.74
Data as of 11/30/2023 from
1 Week(%)1 Month(%)3 Month(%)6 Month(%)1 Year(%)3 Year(%)5 Year(%)10 Year(%)QTD(%)YTD(%)
US / Global Equity CEFs0.94%0.63%9.31%7.95%-1.21%-0.29%3.84%4.48%2.29%5.54%2.28%2.44%5.50%5.54%5.29%5.03%3.50%4.35%7.52%9.71%
Sector Equity CEFs1.74%1.56%8.86%7.24%0.37%1.06%5.54%5.94%0.38%2.95%7.57%7.45%4.32%4.59%4.51%4.24%4.87%4.92%5.16%6.37%
Taxable Bond CEFs0.75%0.98%7.01%4.76%0.67%1.51%5.74%4.82%6.10%7.51%0.54%0.25%3.73%3.04%4.10%3.72%3.13%2.78%9.92%8.23%
Debt Focused BDCs0.42%0.13%7.12%0.59%1.91%2.94%13.75%5.57%13.19%7.99%14.89%9.96%7.95%5.37%6.48%6.87%0.63%0.84%17.86%8.88%
Municipal (tax-free) CEFs1.17%2.43%12.62%11.42%0.93%2.67%-0.44%1.14%-3.17%3.51%-5.78%-3.22%0.59%1.14%3.28%3.58%8.64%7.96%-0.26%4.05%
All Listed CEFs/BDCs1.04%1.28%9.04%6.94%0.45%1.55%4.71%4.29%2.67%5.40%2.10%2.24%3.76%3.54%4.32%4.24%4.58%4.49%6.84%7.27%
Data as of 11/30/2023 from

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Press Releases

The Company announced that it has priced an underwritten public offering of $450 million in aggregate principal amount of 7.050%
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he Fund will host a conference call at 12:00 p.m. EDT on Thursday, November 30, 2023 to discuss its fourth
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The monthly distribution rate of $0.10 per common share equates to an approximate 19.4% annualized distribution rate based on closing
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The Company announced it has amended its existing $25 million revolving line of credit (the “Revolver”). The amendment provides for
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The Fund announced an update regarding the upcoming Adviser Transition, whereby Saba Capital Management, L.P. ("Saba") will assume responsibility from
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The company announced the appointment of Kris Corbett as Chief Financial Officer, effective November 27, 2023. Mr. Corbett joins New
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Past Events

NYC - In Person - November 15th, 2023
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NYC - In Person - November 16th, 2022
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