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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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Ep. 237 — Thornburg’s Sparkman lengthens maturities and leans international now

December 15th, 2023|Comments Off on Ep. 237 — Thornburg’s Sparkman lengthens maturities and leans international now

Adam Sparkman, client portfolio manager at Thornburg -- part of the team running TBLD, the Thornburg Income Builder Opportunity Trust -- says that current market conditions favor the flexibility of a multi-asset approach...

AICA CEF Panel: Bank Debt, Tax-Exempt Muni Bonds Offer Yield Option for Income Seekers

December 15th, 2023|Comments Off on AICA CEF Panel: Bank Debt, Tax-Exempt Muni Bonds Offer Yield Option for Income Seekers

With bank debt priced for a crisis and tax-exempt municipal bonds generating unprecedented yields, there’s never been a better time for advisors to coax income-seeking retail  investors out of money markets and into select closed-end funds (CEF) to help them manage recessionary risk, a leadership panel at AICA’s 2023 Fall Roundtable said. This  window of opportunity could be short-lived, but it’s one that potentially offers attractive yield relative to other fixed income asset classes, experts from Angel Oak, abrdn, and  Nuveen said at the November 15, 2023, event in New York City.

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Disclosure: This content is provided for informational and educational purposes only and is intended solely as a summary of the views expressed. The opinions expressed are those of the speakers and/or presenters as of the date of the content, are their own opinions, may not be the opinions of AICA and are subject to change without notice.

The information contained herein should not be construed as investment advice, a recommendation to buy or sell any security, or an offer to provide advisory services.

References to specific securities, sectors, investment strategies, or market conditions are for illustrative purposes only and do not constitute investment recommendations. Any discussion of investment strategies may not be suitable for all investors, and there can be no assurance that any strategy will achieve its intended objectives.

Listed closed-end funds (CEFs) and business development companies (BDCs) trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor can sell shares at a price greater than or equal to the purchase price, or that a CEF’s or BDC’s discount will narrow or be eliminated. Non-listed closed-end funds and business development companies do not offer investors daily liquidity, but rather on a quarterly or semi-annual basis, often on a small percentage of shares. CEFs often use leverage, which can increase a fund’s risk or volatility. The actual amount of distributions may vary with fund performance and other conditions.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Forward-looking statements, expectations, and projections are inherently uncertain, and actual results may differ materially from those discussed.

This content does not take into account the specific investment objectives, financial situation, or particular needs of any individual investor. Prospective investors should consult their financial, legal, and tax advisers before making any investment decision.

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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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