CGO: Valuation Drops After Distribution Cut

Summary

  • CGO was running a high distribution, but that was trimmed starting last month in October.
  • The fund's payout remains elevated, given the environment, even after the trim.
  • Before this cut, the fund was trading at a premium, which has now shifted to a discount.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

Financial stock market graph. Selective focus.

Diego Thomazini

Written by Nick Ackerman, co-produced by Stanford Chemist. This article was originally published to members of the CEF/ETF Income Laboratory on November 5th, 2022.

Calamos Global Total Return Fund (NASDAQ:CGO) cut its distribution, and that saw the

CGO Fund Data

CGO Fund Data (Calamos)

CGO Preferred Leverage

CGO Preferred Leverage (Calamos)

CGO Annualized Returns

CGO Annualized Returns (Calamos)

Chart

Ycharts

Chart

Ycharts

CGO Semi-Annual Report

CGO Semi-Annual Report (Calamos)

CGO Distribution History

CGO Distribution History (CEFConnect)

CGO Cumulative Distributions

CGO Cumulative Distributions (Calamos)

CGO Asset Allocation

CGO Asset Allocation (Calamos)

CGO Credit Quality

CGO Credit Quality (Calamos)

CGO Sector Weighting

CGO Sector Weighting (Calamos)

CGO Top Ten

CGO Top Ten (Calamos)

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This article was written by

Nick Ackerman profile picture
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Nick Ackerman is an avid student of the markets and has been investing in his own accounts for over 14 years. He is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser (RIA), i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. Since then he has continued with his passion for investing through writing for Seeking Alpha, providing his knowledge, opinions, and insights of the investing world. His specific focus is on closed-end funds as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long term financial goals.

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I provide my work regularly to CEF/ETF Income Laboratory with articles that have an exclusivity period, this is noted in such articles. CEF/ETF Income Laboratory is a Marketplace Service provided by Stanford Chemist, right here on Seeking Alpha.

Disclosure: I/we have a beneficial long position in the shares of CSQ, F 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.

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