The Seven Deadly Sins Of Regional Banks And Preferred CEF Investing
This is an extract from an earlier article at Systematic Income Premium. The price action in bank preferreds has been one of the livelier parts of the income market not …
ARDC: This 10.8%-Yielding Credit CEF Remains A Buy
This is an extract from an earlier article at Systematic Income Premium. In our previous Ares Dynamic Credit Allocation Fund (ARDC) write-up six months ago, we suggested the fund was …
Why The 15%+ Yielding CLO Equity Asset Class Remains Attractive
This is an extract from an earlier article at Systematic Income Premium CLO (collateralized loan obligation) equity closed-end funds (“CEFs”) like Oxford Lane Capital Corp (OXLC) and Eagle Point Credit …
ARDC: An Attractive Income Profile For This 9.9%-Yielding Credit CEF
This is an extract from an earlier article at Systematic Income Premium In this post we take a look at the Ares Dynamic Credit Allocation Fund (ARDC). The fund has a …
We Continue to Add to This 10%-Yielding Resi Mortgage Fund
In this post, we take a look at the Western Asset Mortgage Defined Opportunity Fund (DMO), trading at a 10% current yield and a 9.6% discount to NAV. The allocation …
Wild CEF Flows Generating Outsized Switch Returns For Investors
This is an extract from an earlier article at Systematic Income Premium. In this post we highlight how unusually elevated volumes are allowing some investors to lock in gains that are worth …
Why Municipal Bonds Offer Value Right Now
In this quick post we highlight how attractive Municipal Bond valuations are in the current environment. The S&P Municipal Bond Index yield is close to its 10-year high. Muni/Treasury Ratios …
Is the Pain Over For CEFs?
A good question is whether the CEF market behavior of the last few weeks can be described as capitulation. Capitulation can be a useful market dynamic to gauge because it …
Are Your CEFs Hedging Rising Leverage Costs?
Sharply rising short-term rates remain one of the key themes of the income space. For CEF investors the most direct impact of this development will be via higher leverage costs …
CIK: A Cheap Bond Fund Outperformer With A 9.7%-Yield
In this post we highlight the Credit Suisse Asset Management Income Fund (CIK) trading at an 8% discount and a 9.7% current yield. CIK has been the best or nearly …