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).
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 | 84 | -13.46% | -9.31% | 8.46% | 38.96% | 27.96% | 10.35% | $566 | 18.65 | 18.76 | 1326 | 4.09% | 87.90% | 72.00% | 0.79 |
| Sector Equity CEFs | 97 | -8.08% | -4.76% | 8.42% | 28.08% | 28.17% | 17.52% | $774 | 19.26 | 17.54 | 2332 | 6.68% | 86.62% | 71.35% | 0.74 |
| Taxable Bond CEFs | 135 | -6.02% | -4.81% | 10.72% | 11.78% | 19.24% | 26.59% | $413 | 15.72 | 8.00 | 1549 | 4.65% | 78.17% | 67.64% | 0.60 |
| Debt Focused BDCs | 43 | -6.22% | -5.98% | 10.76% | 17.79% | 1.90% | 50.64% | $1390 | 27.40 | 7.20 | 6376 | -0.50% | N/A | 55.33% | 0.61 |
| Municipal (tax-free) CEFs | 108 | -12.71% | -4.94% | 4.85% | -20.87% | 5.37% | 33.16% | $488 | 13.25 | 6.53 | 1405 | 15.66% | 93.16% | 57.61% | 1.07 |
| All Listed CEFs/BDCs | 471 | -9.67% | -5.92% | 8.45% | 11.32% | 17.61% | 25.45% | $618 | 17.64 | 11.52 | 2066 | 6.99% | 77.35% | 65.46% | 0.74 |
| 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 | 0.94% | 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 CEFs | 1.74% | 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 CEFs | 0.75% | 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 BDCs | 0.42% | 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) CEFs | 1.17% | 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/BDCs | 1.04% | 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% |
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Press Releases
11/30/2023
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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11/29/2023
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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11/28/2023
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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11/27/2023
The Company announced it has amended its existing $25 million revolving line of credit (the “Revolver”). The amendment provides for
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11/24/2023
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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11/22/2023
The company announced the appointment of Kris Corbett as Chief Financial Officer, effective November 27, 2023. Mr. Corbett joins New
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