ARDC

Weekly Report: what happened at ARDC last week (0408-0412)?

Ares Dynamic Credit Allocation Fund declares $0.1175 dividend

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) declares $0.1175/share monthly dividend. Forward yield 10.04% Payable April 30; for shareholders of record April 22; ex-div April 19. Ares Dynamic Credit allocation fund declares dividend on April 11.

XFLT: Fund Your Retirement Income With This 14% Yielding CEF

The XAI Octagon Floating Rate & Alternative Income Trust offers a high yield income stream and discounted DRIP option for investors. The fund has returned 28% over the past year with a yield of about 14.4%. The closed-end fund has shown consistent performance and returned 13% in the last year. XFLT offers a discount to the market price to reinvest the fund's monthly distributions.

Weekly Report: what happened at ARDC last week (0401-0405)?

Weekly Report: what happened at ARDC last week (0325-0329)?

BGH: The Corinthia Corporate Raid Could Damage This Credit Fund, Buyer Beware

Investors are seeking private credit investments as a potential shield from market corrections and inflation. The majority of US retirees are unprepared for retirement. Barings, a Mass Mutual company specializing in private credit, is suing Corinthia over a talent raid that could impact their funds. The BGH fixed income fund could be negatively impacted as a result of the corporate raid.

The Quality Closed-End Fund Report, March 2024

Quantitative screens narrow down attractive closed-end fund candidates for further investigation. "Quality" report focuses on funds with coverage exceeding 100% to potentially reduce the risk of distribution cuts. Rankings provide shortlists for further research, not final buy or sell decisions. Top 10 CEFs with the highest discounts and coverage >100% ranked in the "Quality Closed-End Fund Report"

EAD: This CEF Should Be A Good Source Of Income If The Bond Market Holds Up

Allspring Income Opportunities Fund offers a 9.35% yield, comparable to other junk bond funds. The fund's shares have increased while the bond market and the fund's NAV have declined. EAD has a high percentage of assets invested in CCC or lower junk debt, which carries a higher risk of default. The Federal Reserve might not be able to cut interest rates.