CEF Weekly Review: More Of The Same On The Distribution Front

Mar. 18, 2023 11:02 AM ETNCZ, NCV, JHI, JHS, DMO, WDI17 Comments


  • We review CEF market valuation and performance through the second week of March and highlight recent market action.
  • CEFs mostly struggled, outside of the higher-quality sectors as two bank failures spooked markets.
  • Distribution trends across CEF sectors carried on where they left off in 2022 with continued falls across Muni CEFs and raises for Loan CEFs.
  • We also highlight distributions for John Hancock and Virtus CEFs as well as shareholder reports for DMO and WDI.
  • The extent of the fallout in the banks sector, and in preferred CEFs, by extension, depends on a systemic solution to the issue of unrealized losses on balance sheets.
  • I do much more than just articles at Systematic Income: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Stock Market Capital Gains Increasing From A Bull Market


This article was first released to Systematic Income subscribers and free trials on Mar. 12.

Welcome to another installment of our CEF Market Weekly Review where we discuss closed-end fund ("CEF") market activity from both the bottom-up - highlighting individual fund news

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This article was written by

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Income investing across BDCs, CEFs, ETFs, preferreds, baby bonds and more.

At Systematic Income our aim is to build robust Income Portfolios with mid-to-high single digit yields and provide investors with unique Interactive Tools to cut through the wealth of different investment options across BDCs, CEFs, ETFs, mutual funds, preferred stocks and more. Join us on our Marketplace service Systematic Income.

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Disclosure: I/we have a beneficial long position in the shares of DMO, WDI 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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