Active Investment Company Alliance (AICA)

Active Investment Company Alliance

Active Investment Company Alliance

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)

Active Investment Company Alliance (AICA)

Business Development Company (BDC) Fall Forum, November 16th – 17th 2021

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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 CEFs89-6.50%-9.16%8.64%20.97%23.11%8.98%$64119.3022.91219914.32%81.61%59.70%0.95
Sector Equity CEFs104-4.13%-4.22%6.68%-16.97%39.15%15.76%$78717.7228.38224117.06%81.21%59.11%1.05
Taxable Bond CEFs144-3.15%-3.58%7.85%-4.90%16.88%26.03%$45712.8310.46170320.24%69.51%39.45%0.51
Debt Focused BDCs45-0.80%-2.39%8.40%7.13%5.74%47.93%$125521.5911.585831-3.31%N/A52.34%1.57
Municipal (tax-free) CEFs120-5.99%-3.57%4.43%-2.89%1.45%32.73%$54911.157.7988622.72%63.74%29.54%0.38
All Listed CEFs/BDCs506-4.64%-4.98%6.93%-2.75%17.56%24.36%$64715.5015.84207216.75%65.97%45.36%0.63
Data as of 01/21/2022 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-5.29%-4.16%-2.73%-3.50%-3.91%-4.67%-2.35%-2.68%10.81%6.10%14.71%13.41%11.73%10.49%9.40%9.17%-5.20%-5.15%-5.20%-5.15%
Sector Equity CEFs-4.51%-2.90%-0.49%-0.28%-3.27%-2.11%1.42%2.33%18.56%15.07%7.45%7.18%5.46%5.17%6.66%6.73%-2.94%-2.08%-2.94%-2.08%
Taxable Bond CEFs-3.16%-0.64%-3.05%-1.23%-4.71%-1.52%-3.32%-0.73%5.65%3.29%8.67%7.28%6.68%6.22%6.04%6.62%-4.28%-1.56%-4.28%-1.56%
Debt Focused BDCs-2.71%0.06%-0.01%0.57%-1.36%2.27%3.30%5.58%30.12%15.60%10.81%8.09%7.48%7.66%10.52%9.46%-1.61%0.18%-0.81%0.83%
Municipal (tax-free) CEFs-3.90%-0.73%-6.49%-1.89%-4.97%-0.04%-6.78%-2.50%0.22%1.52%6.81%6.08%4.56%5.31%4.56%5.47%-6.84%-2.00%-6.84%-2.00%
All Listed CEFs/BDCs-3.95%-1.68%-3.01%-1.41%-3.98%-1.44%-2.41%-0.25%10.07%7.03%9.16%8.01%6.80%6.58%6.60%6.93%-4.53%-2.23%-4.45%-2.18%
Data as of 01/21/2022 from CEFData.com

Press Releases

FrkTmp Ltd Dur Incm Tr (FTF)

01/21/2022 - Dividend

Ex-div date 2022-01-28, Record date 2022-01-31, Payable date 2022-02-14. Monthly dividend decreased by 0.79% to $0.075 from $0.0756 per share. As of 2022-01-21, total... [...]

Hercules Capital (HTGC)

01/20/2022 - Leverage Amount Change

The Company announced that it has closed an underwritten public offering of $350.0 million in aggregate principal amount of 3.375% notes due January 2027.... [...]

FT Sr Flt Rt Incm Fd II (FCT)

01/20/2022 - Dividend

Ex-div date 2022-02-01, Record date 2022-02-02, Payable date 2022-02-15. Monthly dividend decreased by 8.75% to $0.072 from $0.0789 per share. As of 2022-01-20, total... [...]

FT/Abd Glbl Opp Incm Fd (FAM)

01/20/2022 - Dividend

Ex-div date 2022-02-01, Record date 2022-02-02, Payable date 2022-02-15. Monthly dividend decreased by 13.33% to $0.065 from $0.075 per share. As of 2022-01-20, total... [...]

Nuv Pref & Incm 2022 Trm Fd (JPT)

01/20/2022 - Tender Offer

The Fund commenced a tender offer. As previously announced, the fund will conduct a tender offer allowing shareholders to offer up to 100% of... [...]

FS KKR Capital Corp (FSK)

01/19/2022 - Leverage Amount Change

The Company announced that it has completed its previously announced offering of $500,000,000 in aggregate principal amount of its 3.250% unsecured notes due 2027... [...]

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