AICA – Excellence Beyond Indexing

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

Return of capital isn’t always the bad sign investors believe it to be

February 7th, 2020|Comments Off on Return of capital isn’t always the bad sign investors believe it to be

John Yesford, analyst at High Dividend Opportunities, comes to the NAVigator to help explain 'return of capital,' which many investors worry about as a warning sign that a closed-end fund is struggling or headed for trouble. Yesford explains that, with the right conditions...

Let’s hunt unicorns with management of the Sharespost 100 Fund

January 31st, 2020|Comments Off on Let’s hunt unicorns with management of the Sharespost 100 Fund

The NAVigator looks at a unique offering today as Christian Munafo of SP Investment Management discusses his firm's Sharespost 100 Fund, an actively managed, continuously offered, closed-end interval fund that buys late-stage venture-backed private companies...

Closed-end funds can be their own asset class for delivering income

January 24th, 2020|Comments Off on Closed-end funds can be their own asset class for delivering income

Mitch Reiner, chief operating officer at Capital Investment Advisers, says he considers closed-end funds one of six key asset classes for delivering income in an investment portfolio, and while he acknowledged that his view is unique because closed-end issues...

18Dec, 2023

John Cole Scott on CEF discounts, seasonality

By |December 18th, 2023|Video Interviews|

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: 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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