CEF Weekly Review: The Best Kind Of CEF Merger

Nov. 12, 2023 3:26 AM ET, , , 7 Comments

Summary

  • We review CEF market valuation and performance through the first week of November and highlight recent market action.
  • CEFs experienced a rebound with all sectors rallying. REITs were in the lead with a nearly 14% gain.
  • Several First Trust Energy/MLP CEFs have announced a merger into a new ETF which can drive both lower fees and discount amortization.
  • We highlight distribution changes for October.
  • 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

Darren415

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 and events - as well as the top-down - providing an overview of the broader market. We also try to provide

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This article was written by

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ADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.

ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NAD, NZF 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. I have no business relationship with any company whose stock is mentioned in this article.

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