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BGB / CEF Weekly Review: When Distribution Cuts Are Good News

CEF Weekly Review: When Distribution Cuts Are Good News
We review CEF market valuation and performance through the third week of September and highlight recent market action. Most sectors saw NAV gains, but discounts widened, particularly in the Covered Call and Equity sectors. Invesco trimmed distributions on many CEFs including IHIT, potentially indicating a termination of this CMBS 2023 term fund. Read More
Posted: Sep 23 2023, 07:00
Author Name: Seeking Alpha
Views: 041231

BGB News  

CEF Weekly Review: When Distribution Cuts Are Good News

By Seeking Alpha
September 23, 2023

CEF Weekly Review: When Distribution Cuts Are Good News

We review CEF market valuation and performance through the third week of September and highlight recent market action. Most sectors saw NAV gains, but more_horizontal

BGB: Floating Rate Exposure On This Deeply Discounted Term Fund

By Seeking Alpha
June 23, 2023

BGB: Floating Rate Exposure On This Deeply Discounted Term Fund

The Blackstone Strategic Credit 2027 Term Fund has benefited from higher interest rates through distribution increases due to its portfolio of senior more_horizontal

BGB: A Declining NAV Fund

By Seeking Alpha
January 11, 2023

BGB: A Declining NAV Fund

Blackstone Strategic Credit Fund aims to provide high current income from a portfolio of senior loans and high yield bonds. The closed-end fund has an more_horizontal

BGB: Discount Widening For A Potential Opportunity, But Risks Exist

By Seeking Alpha
July 23, 2022

BGB: Discount Widening For A Potential Opportunity, But Risks Exist

BGB is heavily invested in senior secured floating rate loans, meaning it should benefit from higher rates. The portfolio is highly leveraged and inve more_horizontal


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