News
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BrandywineGLOBAL - Global Income Opportunities Fund Inc. Announces Financial Position as of January 31, 2021
BrandywineGLOBAL - Global Income Opportunities Fund Inc. (NYSE: BWG) today announced the financial position of the Fund as of January 31, 2021.
Business Wire · 03/23 12:00
Legg Mason BW Global Income Opportunities Fund declares $0.08 dividend
Legg Mason BW Global Income Opportunities Fund (BWG) declares $0.08/share monthly dividend, 6.7% increase from prior dividend of $0.07.Forward yield 7.61%Payable April 1; for shareholders of record March 24; ex-div
Seekingalpha · 02/20 07:40
Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to Their Managed Distribution Policy
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy.
Business Wire · 02/17 13:00
Legg Mason BW Global Income Opportunities Fund declares $0.075 dividend
Legg Mason BW Global Income Opportunities Fund (BWG) declares $0.075/share monthly dividend, 7.1% increase from prior dividend of $0.070.Forward yield 7.63%Payable Dec. 31; for shareholders of record Dec. 23; ex-div
Seekingalpha · 11/18/2020 20:48
Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy.
Business Wire · 11/18/2020 20:29
Weekly Closed-End Fund Roundup: Oct. 11, 2020
Twenty out of 23 CEF sectors positive on price and 18 out of 23 sectors positive on NAV last week. MLPs rally!RIV offering is now live, with a subscription floor of -5% discount.XFLT increases its distribution by +22%, restoring it to pre COVID-19 levels.
Seekingalpha · 10/20/2020 18:32
CEF Report October: A Month To Navigate Mines
CEFs had a weak month as discounts widened and volatility returned to equity markets.The current CEF environment is a trader's dream. We are finally seeing a lot of dislocation in certain sectors and some spreads in valuations of "like" funds.We continue to dislike most equity CEFs as they provide little in the way of advantage for shareholders.Discounts tightened in fixed income CEFs until the end of August (at just over 5%) and then moved back out to nearly -7%.
Seekingalpha · 10/20/2020 11:00
Weekly CEF And Market Commentary: Sept. 28, 2020
We go through the dynamic macro picture with lots of moving parts as we culminate with the election in less than 40 days.We discuss the significant movement we saw in the CEF market in the last week, mostly lower, thanks to significant selling.There will be a report out tomorrow on the current CEF market.DMO, PKO, IHIT, PPT, RCS are the most compelling.We analyze the BWG tender offer.
Seekingalpha · 10/08/2020 11:00
BWG: Tender Offer Over, But Still A Fine Hold For Volatility Ahead
We took part in a profitable tender offer, gaining +10.5% per share for the accepted shares.Discount widening after expiry obliges us to hold onto the remaining shares, for now.This is okay because BWG is still a fine fund to hold for anticipated volatility ahead.
Seekingalpha · 10/08/2020 08:42
Generating Alpha With CEF Tender Offers
With yield compression running apace, investors are turning to alpha-generation strategies to drive income-portfolio returns.Tender offers can provide alpha opportunities in two ways: by providing outperformance potential for the given fund as well as a measure of discount control.We discuss key details of analyzing tender offers using the recently completed BWG transaction.
Seekingalpha · 10/08/2020 07:14
Brandywine Global Income: Tax Efficient Way To Live Off Global Bond Coupons
BWG's attractive yield (7%+ at market) is matched to underlying portfolio's yield generation; not portfolio depleting or "bad" return of capital.Fund often reclassifies yield to a non-taxable return of capital by closing its underwater currency hedging positions as short-term losses.Sensible diversified bond portfolio, largely non-US government and non-US corporate bonds. Otherwise difficult for investors to efficiently access independently.Tender offer arbitragers recently ran the discount near 15% post-tender. This is well beyond its historical averages and exceeds closed-end bond fund peers' historical averages.Tender offer reduced supply of shares long term, and increased the per share capital loss carryforward.
Seekingalpha · 10/07/2020 17:58
A November Volatility Income Game Plan
Some investors are growing increasingly concerned about a period of upcoming volatility due to contested election results.We discuss the components of a plan that relies on allocations to a number of resilient securities that can allow investors to take advantage of any upcoming volatility.We also highlight a number of securities that are either currently held in our income portfolios.
Seekingalpha · 10/01/2020 10:42
BrandywineGLOBAL - Global Income Opportunities Fund Inc. Announces Financial Position as of July 31, 2020
BrandywineGLOBAL - Global Income Opportunities Fund Inc. (NYSE: BWG) today announced the financial position of the Fund as of July 31, 2020.
Business Wire · 09/29/2020 13:00
World Is Waiting For Stimulus As Global Trade And Growth Will Remain Sluggish In The Coming Months
The weak trend in global trade and growth will not be enough to support risky assets such as equities in the coming months.The recent 10%+ consolidation in equities clearly shows how vulnerable is the market currently 'without' central banks and governments' help.Leading indicators such as South Korea exports not showing any sign of positive momentum for global equities in the near term.Global uncertainty and investors' fear will keep price volatility elevated for the rest of the year.
Seekingalpha · 09/25/2020 15:02
BrandywineGLOBAL Global Income Opportunities Fund Inc. Announces Final Results of Issuer Tender Offer for Common Stock
BrandywineGLOBAL-Global Income Opportunities Fund Inc. (NYSE: BWG) (the "Fund") announced today the final results for its issuer tender offer for up to 20% of the outstanding shares of common stock ("Shares") of the Fund at a price equal to 99.5% of the Fund’s net asset value per
Business Wire · 09/25/2020 13:00
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