CEF Weekly Review: Bull Market In CLO Equity CEFs

May 03, 2025 9:08 PM ETCUBA, DMB, FGB4 Comments
(6min)

Summary

  • We review the CEF market valuation and performance through the fourth week of April and highlight recent market action.
  • CEFs experienced a strong week, with all sectors rallying and trimming losses to around 2% in April, double that of March.
  • Herzfeld Advisors' CEF CUBA shifts to CLO Equity strategy, with a 1.25% fee and 10% incentive on a 9% hurdle.
  • BNY Mellon Municipal Bond Infrastructure Fund hiked its distribution by 27%, aligning it with net investment income and potentially prompting similar hikes in its other funds.
  • First Trust Specialty Finance and Financial Opportunities Fund adjourned its special meeting for reorganization into an ETF, aiming to eliminate leverage and monetize the discount.
  • Systematic Income members get exclusive access to our real-world portfolio. See all our investments here »

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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

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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.

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SymbolLast Price% Chg
CUBA--
Herzfeld Caribbean Basin Fund
DMB--
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
FGB--
First Trust Special Finance and Financial Opportunities Fund

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