BGIO: A Lower-Octane Choice
Given how extended valuations have gotten in the credit space many investors want to take some chips off the table, without moving into the open-end fund space. A CEF that …
TSI: The Surprise Is Surprising
The TCW Strategic Income Fund (TSI) cut its most recent quarterly distribution by 40% which itself followed a 30% cut. At this point the fund has a tiny distribution rate …
PHK: What’s Not To Like?
The PIMCO High Income Fund (PHK) has been the top PIMCO fixed-income taxable CEF performer in the suite since the start of November. Which is weird! It’s the lowest leveraged …
EIC: Little Surprise
The Eagle Point Income Company (EIC) killed it today with a 6.5% jump on the back of a big rise in the monthly NAV (the fund only provides NAVs on …
TPZ: Another Winner
The Tortoise Power & Energy Infrastructure Fund (TPZ) is an interesting animal. It is majority energy and pipeline bonds (and investment-grade at that) and the rest MLPs. However, because it …
PFFA: A Few Thoughts
A reader asked my opinion on the Virtus InfraCap U.S. Preferred Stock ETF (PFFA). I do like the idea of having some exposure to the more cyclical / higher-yielding part …
FSLF: Chalk Up A Win
Ever since the First Eagle Alternative Credit Fund (FSLF) changed its ticker, I’ve been banging the table about how the widening in its discount relative to the broader loan CEF …
BTT: Why the Low Yield?
The BlackRock Municipal 2030 Target Term Trust (BTT) stands out in the sector for its puny yield of 2.98% despite boasting a healthy 35% leverage, very low fee of 0.40%, …
FINS. What’s The Point?
The Angel Oak Financial Strategies Income Term Trust (FINS) may have caught the eye of income investors due to its attractive yield, wide discount and higher-quality profile. Who doesn’t like …