Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

Nov. 01, 2022 12:51 PM ET, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 4 Comments

Summary

  • 16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week.
  • Watch for overvalued CEFs as market volatility rises.
  • A reminder that the Tortoise tender offers are expiring.
  • Looking for a helping hand in the market? Members of CEF/ETF Income Laboratory get exclusive ideas and guidance to navigate any climate. Learn More »

Currency and Exchange Stock Chart for Finance and Economy Display

cemagraphics

Author's note: This article was released to CEF/ETF Income Laboratory members on October 25, 2022. Please check latest data before investing.

The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent

Don't know what to do about CEF corporate actions?

Closed-end funds news and recommendations are now exclusive to members of CEF/ETF Income Laboratory. We also manage closed-end fund (CEF) and exchange-traded fund (ETF) portfolios targeting safe and reliable ~8% yields to make income investing easy for you. Check out what our members have to say about our service.

To see all that our exclusive membership has to offer, sign up for a free trial!

This article was written by

20.06K Followers

Stanford Chemist is a scientific researcher by training. For the past decade he has been providing analysis and evidence-based ways of generating profitable investments with CEFs and ETFs. He leads the investing group CEF/ETF Income Laboratory.

Features of the service include: managed income portfolios (targeting safe and reliable ~8% yields) making use of high-yield opportunities in the CEF and ETF fund space. These are geared toward both active and passive investors of all experience levels. The vast majority of {CEF/ETF Income Laboratory} holdings are also monthly-payers, for faster compounding and steady income streams. Other features include 24/7 chat, and trade alerts.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of TYG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Related Stocks

SymbolLast Price% Chg
ACP--
abrdn Income Credit Strategies Fund
AGD--
abrdn Global Dynamic Dividend Fund
ASGI--
abrdn Global Infrastructure Income Fund
BBN--
BlackRock Taxable Municipal Bond Trust
CEE--
The Central and Eastern Europe Fund, Inc.

Related Analysis