| 7 Closed-End Fund Buys (And 4 Sells) In The Month Of April 2025 |
April's market volatility, driven by tariffs and led by tech sector declines, created opportunities to deploy cash. However, it was an opportunity to reposition my portfolio as well, with 2 swap trades to de-risk my portfolio. There were 2 corporate actions in the last month that also saw two more positions removed from my CEF portfolio, but overall, I was a net buyer for the month. |
seekingalpha.com |
2025-05-14 16:36:57 |
Czytaj oryginał (ang.) |
| It's Raining CLO Equity CEFs And Why We Got Longer |
The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spreads, and the attractiveness of floating-rate assets amid a flat/inverted yield curve. CLO Equity funds benefit from embedded options like reinvestment and call options, which enhance returns during periods of market volatility. |
seekingalpha.com |
2025-05-08 10:42:54 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: CLO CEFs' NAVs Take It On The Chin In March |
We review the CEF market valuation and performance through the third week of April and highlight recent market action. Nearly all CEF sectors finished in the green this week, though month-to-date performance remains underwater. The median CEF sector discount has bounced off the trough, trading near the longer-term historical average, recovering close to half its April drawdown. |
seekingalpha.com |
2025-04-27 02:36:53 |
Czytaj oryginał (ang.) |
| Dirt Cheap Preferred Stocks For Safer Income, +9% Yield |
Fearful markets present opportunities for income investors. Embrace the Income Method to cut through market noise, focusing on reliable, growing income by investing higher up in the capital structure. We discuss our top picks that enjoy safety by being higher up in the capital structure; yields +9%. |
seekingalpha.com |
2025-04-21 11:35:00 |
Czytaj oryginał (ang.) |
| Closed-End Funds: Seeking Stable Yields From CLO Baby Bonds And Preferred |
Collateralized loan obligation CEFs offer high yields but come with significant leverage, volatility and higher risk, making them less appropriate for all income investors. Baby bonds and preferred offerings from CLO CEFs provide safer, more stable income, balancing risk-reward when it comes to seeking income. We have new offerings in the space since our last update, leading to greater diversification potential and increasing the viability of setting up a ladder of maturities. |
seekingalpha.com |
2025-03-20 13:17:06 |
Czytaj oryginał (ang.) |
| Preferreds Weekly Review: Agency mREITs Deliver Good Results |
We take a look at the action in preferreds and baby bonds through the last week of January and highlight some of the key themes we are watching. Preferred stocks saw mixed performance with Energy and Utilities sectors gaining; January's gain nearly offset December's losses. Agency mortgage REITs like AGNC and Annaly reported earnings that are broadly positive for preferreds shareholders. |
seekingalpha.com |
2025-02-09 13:00:35 |
Czytaj oryginał (ang.) |
| Preferreds Weekly Review: Fixed-Rate Preferreds Underperform |
We take a look at the action in preferreds and baby bonds through the second week of December and highlight some of the key themes we are watching. All preferred stock sectors declined as longer-term Treasury yields rose; mREITs outperformed due to SOFR Fix/Float and CMT Reset preferreds. BDC GAIN issued a 7.875% 2030 baby bond. |
seekingalpha.com |
2024-12-22 08:23:31 |
Czytaj oryginał (ang.) |
| 2 Income Machines That Keep Pumping Cash |
Discover how reliable dividends can transform your portfolio into a consistent income powerhouse. Passive income generation from dividends can take you closer to financial freedom. We discuss our top picks with up to 10% yields for a sustainable retirement. |
seekingalpha.com |
2024-12-02 09:35:00 |
Czytaj oryginał (ang.) |
| Picks And Themes In The CLO Sector |
CLOs remain very popular investment vehicles and have seen sizable inflows recently, judging by the AUM of open-end funds. We highlight some of the dynamics and key themes in the CLO market that can help investors guide their allocations. Current CLO market themes include a lack of new loans, drop in credit spreads, strong demand for CLO exposure, and improvement in CLO portfolio quality. |
seekingalpha.com |
2024-07-29 13:00:00 |
Czytaj oryginał (ang.) |
| CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income |
Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment. |
seekingalpha.com |
2024-06-28 14:20:49 |
Czytaj oryginał (ang.) |
| Buy OFS Capital Term Preferred (OCCIN), Sell Eagle Point (ECCF) Term Preferred |
OFS Capital and Eagle Point Credit are very similar closed-end funds holding assets of the same type. Both offer safe-term preferred stocks protected by a 50% leverage limit. OFS Capital term preferred stock, symbol OCCIN, currently offers a 9.23% yield to maturity (annualized return), clearly the best in the sector. On the other hand, Eagle Point Credit's new term preferred, symbol ECCF, has a YTM of only 7.52%, worst in the sector, trades over par, and has the worst taxation. |
seekingalpha.com |
2024-02-13 14:15:00 |
Czytaj oryginał (ang.) |