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Insight2016-08-01T14:51:33-04:00

AICA Panel: CEF Structure, Discounts Offer Investors Enhanced Yield

December 21st, 2023|Comments Off on AICA Panel: CEF Structure, Discounts Offer Investors Enhanced Yield

With closed-end funds (CEF) currently trading at a discount to NAV, a panel of leading asset managers at AICA’s 2023 Fall Roundtable said the closed-end nature of income-oriented CEFs offers investors enhanced yield and income generation due to those discounts. CEF investment strategies focused on value-oriented companies and private infrastructure could serve investors well, experts from Thornburg Investment Management, abrdn, and Brookfield said at the November 15, 2023, event in New York City.

John Cole Scott on CEF discounts, seasonality

December 18th, 2023|Comments Off on John Cole Scott on CEF discounts, seasonality

On December 15, 2023, CEF Advisors President John Cole Scott dug into his firm’s research and data (CEFData.com) on closed-end fund discounts and seasonality, providing insight into their potential investment impacts. He also discussed related tax strategies for retired investors and gave a brief 2024 outlook, which was provided in full on the January 6, 2024, NAVigator podcast.

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Disclosure: Views and opinions expressed are for informational and educational purposes only as of the date of production/writing/speaking and may change without notice at any time based on a multitude of factors. Speaker’s/presenter’s/author’s opinions are their own and may not necessarily represent the opinions of AICA, its Board, or its staff. Materials may contain “forward-looking” information that is not purely historical in nature, such as projections, forecasts, market return estimates, proposed or expected portfolio composition, and other items. Listed closed-end funds and business development companies trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor will be able to sell shares at a price greater than or equal to the purchase price or that a closed-end fund’s discount will narrow. Non-listed closed-end funds and business development companies do not offer investors daily liquidity but rather offer liquidity on a monthly, quarterly or semi-annual basis, often on a small percentage of shares. Closed-end funds often use leverage, which can increase the fund’s volatility (i.e., risk). Actual distribution amounts may vary with fund performance and other conditions. Past performance is no guarantee of future results. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).
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Disclaimer Statement

Active Investment Company Alliance The Active Investment Company Alliance (“AICA”) is a trade association committed to educating and engaging investment professionals and investors about closed-end management companies: listed and non-listed closed-end funds, business development companies, interval funds and tender offer funds. The alliance supports transparency and, therefore, does not allow any agent, employee or representative to personally solicit any investment or accept any monies to be invested in a particular fund or security.

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