GOF / 2 CEFs To Sell (GOF And GUT) With Better Replacements

Guggenheim Strategic Opportunities Fund aims for an 18% current distribution rate by hedging against credit risk and utilizing leverage. GOF's portfol more_horizontal

The current yield on the stock is almost 20%, and the distribution represents a considerable portion of its net asset value. Management has funded dis more_horizontal

Closed-end funds with high distribution rates and elevated premiums may be setting investors up for significant losses. Guggenheim Strategic Opportuni more_horizontal

Investors are desperately in need of income today in order to maintain their lifestyles in the face of incredibly high inflation. Guggenheim Strategic more_horizontal

Guggenheim Strategic Opportunities Fund consistently trades at a high premium while paying a 14% distribution that has never been cut. With a downward more_horizontal

GOF is a levered credit fund offered by Guggenheim Investments. The fund is paying an eye-watering 17.5% of NAV distribution. more_horizontal

Investors today are in need of income due to the rising prices that have dominated the economy over the past year. Guggenheim Strategic Opportunities more_horizontal

Financial markets are set to close a difficult year amid the war in Ukraine, pandemic aftershocks, and inflation-eroding purchasing power. As always, more_horizontal