Weekly Closed-End Fund Roundup: August 30, 2020

08:15am, Wednesday, 09'th Sep 2020
13 out of 23 CEF sectors positive on price and 16 out of 23 sectors positive on NAV last week. Commodities lead while MLPs lag.
DMO cut their distribution as we expected on the 19th of August. We expect one more cut Nov.
The macro picture hasn't been getting any clearer.  For one, the unemployment benefits issue hasn't been resolved in Congress.
The Core Portfolio has a year-to-date NAV performance of -4.85% and -3.13% on price. By positioning in funds that we think have resiliency, we mitigated some loss (the diff between the 4.85% and 3.13%
Certain activists in Legg Mason funds continue to hold out. Owners of WIA should take note.
ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) announced today the unaudited statement of assets and liabilities, the net asset valu

Stephen C. Hooley Joins the Q2 Board of Directors

12:00am, Wednesday, 05'th Aug 2020
Q2 (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, announced today the addition of Stephen C. Hooley to
CorEnergy Infrastructure Trust, Inc. (

Reasons To Remain Constructive On CEFs

02:58am, Monday, 27'th Jul 2020
The drawdown in March of this year has caused some income investors to sit out the bounce-back in prices in anticipation of further volatility.
Franklin Templeton today announced that Adam Spector will become EVP, Head of Global Distribution, overseeing global retail and institutional distribu
SG Americas Securities LLC lifted its stake in Legg Mason Inc (NYSE:LM) by 3,416.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 83,419 share
Clarion Partners Real Estate Income Fund Inc. (“CPREIF” or the “Fund”) announced today the results of its issuer tender offer for up to 5.0% of the Fu
12 out of 23 CEF sectors positive on price and 16 out of 23 sectors positive on NAV last week. Asia equity leads while MLPs lag.
Legg Mason Inc (NYSE:LM)’s share price reached a new 52-week high on Friday . The stock traded as high as $50.94 and last traded at $49.97, with a volume of 91485 shares changing hands. The stock ha
Gateway Investment Advisers LLC cut its position in shares of Legg Mason Inc (NYSE:LM) by 18.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission
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