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Insight2016-08-01T14:51:33-04:00
26Aug, 2024

AB Nat Muni Incm Fd

By |August 26th, 2024|Press Releases|

Monthly dividend increased by 9.89% to $0.03589 from $0.03266 per share. As of 2024-08-23, NAV Yield was 3.1%, and group average NAV yield was 5.1%. Mk Price Yield was 3.4% and group average yield was

VettaFi’s Islam on the highs and lows of applying rules to CEF investing

June 21st, 2024|Comments Off on VettaFi’s Islam on the highs and lows of applying rules to CEF investing

Roxanna Islam, Head of Sector and Industry Research at VettaFi, discusses the benefits and flaws of applying rules-based investing to closed-end funds. She notes that changes in the industry have forced changes on a rules-guided index of...

When the industry tries to narrow discounts, ‘that’s good for all of us’

June 14th, 2024|Comments Off on When the industry tries to narrow discounts, ‘that’s good for all of us’

Rob Shaker, portfolio manager at Shaker Financial Services, says that economic conditions — the debt-ceiling debate, troubled banks, higher interest rates and persistent inflation — have created a situation where the market isn’t climbing the...

30Jul, 2024

CEF Discounts Continue Tailwind Trajectory in Q2 2024

By |July 30th, 2024|Articles, CEF Advisors Research and Presentations|

Discounts for the universe of closed-end funds (CEF) continued to narrow in the second quarter of 2024 — a trend that continued to make a dent even in the stubbornly inexpensive municipal bond sector, said John Cole Scott, AICA Chairman and President of Closed-End Fund Advisors (CEF Advisors), during his firm’s 50th consecutive quarterly research call.

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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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