Rare Buying Opportunity in High-Yield Closed-End Funds
- Market Anxiety Intensifies: Despite a three-year market rally, rising investor concerns about an AI bubble and inflation have led to declining market prices for many closed-end funds, creating a unique buying opportunity.
- Guggenheim Fund Performance: The Guggenheim Strategic Opportunities Fund (GOF) boasts a yield of 17.9%, yet its market price has not reflected its strong portfolio performance due to investor sentiment, indicating potential investment value.
- Liberty All-Star Fund Discount: The Liberty All-Star Equity Fund (USA) is trading at a 9.4% discount, with a portfolio that includes high-quality stocks like NVIDIA and Microsoft, suggesting its current price is below historical levels, making it a smart buy.
- Calamos Fund Potential: The Calamos Dynamic Convertible & Income Fund (CCD) offers an 11% yield, and although its market price has fallen due to low investor sentiment, its portfolio has performed well under the Fed's slower-than-expected rate cuts, indicating a likely rebound ahead.
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Rare Buying Opportunity in High-Yield Closed-End Funds
- Market Anxiety Intensifies: Despite a three-year market rally, rising investor concerns about an AI bubble and inflation have led to declining market prices for many closed-end funds, creating a unique buying opportunity.
- Guggenheim Fund Performance: The Guggenheim Strategic Opportunities Fund (GOF) boasts a yield of 17.9%, yet its market price has not reflected its strong portfolio performance due to investor sentiment, indicating potential investment value.
- Liberty All-Star Fund Discount: The Liberty All-Star Equity Fund (USA) is trading at a 9.4% discount, with a portfolio that includes high-quality stocks like NVIDIA and Microsoft, suggesting its current price is below historical levels, making it a smart buy.
- Calamos Fund Potential: The Calamos Dynamic Convertible & Income Fund (CCD) offers an 11% yield, and although its market price has fallen due to low investor sentiment, its portfolio has performed well under the Fed's slower-than-expected rate cuts, indicating a likely rebound ahead.
Calamos Dynamic Convertible and Income Fund announces a dividend of $0.195
Dividend Declaration: Calamos Dynamic Convertible and Income Fund (CCD) has declared a monthly dividend of $0.195 per share.
Yield Information: The fund offers a forward yield of 11.3%, with the dividend payable on January 9 for shareholders of record on December 30, and an ex-dividend date also on December 30.
Performance Commentary: Recent commentary indicates that improved valuation strengthens the investment thesis for CCD.
Rating Insights: Seeking Alpha has provided a Quant Rating for Calamos Dynamic Convertible and Income Fund, along with a dividend scorecard and yield chart.
Calamos Dynamic Convertible and Income Fund declares $0.195 dividend
Dividend Declaration: Calamos Dynamic Convertible and Income Fund (CCD) has declared a monthly dividend of $0.195 per share, with a forward yield of 11.65%. The dividend is payable on June 20 to shareholders of record as of June 12, with an ex-dividend date also on June 12.
Investment Insights: While CCD is recognized as a solid income-generating closed-end fund (CEF), it is currently considered expensive, with concerns regarding its technology exposure and premium valuation.
Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD), Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI), Calamos Convertible and High Income Fund (NASDAQ: CHY) to Adopt Level Distribution Policy
Transition to Level Distribution Plan: Calamos Investments will shift its three funds (CCD, CHI, CHY) from a managed distribution plan to a level distribution plan starting January 1, 2025, maintaining fixed monthly distributions of 19.5 cents, 9.5 cents, and 10 cents per share respectively.
Investment Performance and Risks: The funds may need to return capital to maintain distribution levels, which could affect total assets and expense ratios; investors are cautioned that past performance does not guarantee future results, and market prices may fluctuate significantly.
Where to Find the Best Buys (Yielding 9%+) in the Bond Mania
Bonds Gaining Popularity: After years of low returns, bonds are becoming attractive to income investors as stock prices rise and the Federal Reserve cuts interest rates, making savings accounts less appealing.
High-Yield Bonds Outperform: While traditional government bonds offer low returns, high-yield "junk" bonds and actively managed closed-end funds (CEFs) can provide significantly better income, with some CEFs yielding around 9.4%.
Yields 14.4%, Sure, But It's Comically Overpriced
Premium Risks: The Guggenheim Strategic Opportunity Fund (GOF) is currently trading at a 27% premium, which poses significant downside risk for new investors, as the fund typically returns to its intrinsic value over time.
Alternative Strategies: Instead of buying at a premium, investors are advised to wait for market pullbacks to purchase GOF or consider other funds like PIMCO Dynamic Income Opportunities Fund (PDO) that offer better value and yields without steep premiums.
Rare Buying Opportunity in High-Yield Closed-End Funds
- Market Anxiety Intensifies: Despite a three-year market rally, rising investor concerns about an AI bubble and inflation have led to declining market prices for many closed-end funds, creating a unique buying opportunity.
- Guggenheim Fund Performance: The Guggenheim Strategic Opportunities Fund (GOF) boasts a yield of 17.9%, yet its market price has not reflected its strong portfolio performance due to investor sentiment, indicating potential investment value.
- Liberty All-Star Fund Discount: The Liberty All-Star Equity Fund (USA) is trading at a 9.4% discount, with a portfolio that includes high-quality stocks like NVIDIA and Microsoft, suggesting its current price is below historical levels, making it a smart buy.
- Calamos Fund Potential: The Calamos Dynamic Convertible & Income Fund (CCD) offers an 11% yield, and although its market price has fallen due to low investor sentiment, its portfolio has performed well under the Fed's slower-than-expected rate cuts, indicating a likely rebound ahead.
Calamos Dynamic Convertible and Income Fund announces a dividend of $0.195
Dividend Declaration: Calamos Dynamic Convertible and Income Fund (CCD) has declared a monthly dividend of $0.195 per share.
Yield Information: The fund offers a forward yield of 11.3%, with the dividend payable on January 9 for shareholders of record on December 30, and an ex-dividend date also on December 30.
Performance Commentary: Recent commentary indicates that improved valuation strengthens the investment thesis for CCD.
Rating Insights: Seeking Alpha has provided a Quant Rating for Calamos Dynamic Convertible and Income Fund, along with a dividend scorecard and yield chart.
Calamos Dynamic Convertible and Income Fund declares $0.195 dividend
Dividend Declaration: Calamos Dynamic Convertible and Income Fund (CCD) has declared a monthly dividend of $0.195 per share, with a forward yield of 11.65%. The dividend is payable on June 20 to shareholders of record as of June 12, with an ex-dividend date also on June 12.
Investment Insights: While CCD is recognized as a solid income-generating closed-end fund (CEF), it is currently considered expensive, with concerns regarding its technology exposure and premium valuation.
Calamos Dynamic Convertible and Income Fund (NASDAQ: CCD), Calamos Convertible Opportunities and Income Fund (NASDAQ: CHI), Calamos Convertible and High Income Fund (NASDAQ: CHY) to Adopt Level Distribution Policy
Transition to Level Distribution Plan: Calamos Investments will shift its three funds (CCD, CHI, CHY) from a managed distribution plan to a level distribution plan starting January 1, 2025, maintaining fixed monthly distributions of 19.5 cents, 9.5 cents, and 10 cents per share respectively.
Investment Performance and Risks: The funds may need to return capital to maintain distribution levels, which could affect total assets and expense ratios; investors are cautioned that past performance does not guarantee future results, and market prices may fluctuate significantly.
Where to Find the Best Buys (Yielding 9%+) in the Bond Mania
Bonds Gaining Popularity: After years of low returns, bonds are becoming attractive to income investors as stock prices rise and the Federal Reserve cuts interest rates, making savings accounts less appealing.
High-Yield Bonds Outperform: While traditional government bonds offer low returns, high-yield "junk" bonds and actively managed closed-end funds (CEFs) can provide significantly better income, with some CEFs yielding around 9.4%.
Yields 14.4%, Sure, But It's Comically Overpriced
Premium Risks: The Guggenheim Strategic Opportunity Fund (GOF) is currently trading at a 27% premium, which poses significant downside risk for new investors, as the fund typically returns to its intrinsic value over time.
Alternative Strategies: Instead of buying at a premium, investors are advised to wait for market pullbacks to purchase GOF or consider other funds like PIMCO Dynamic Income Opportunities Fund (PDO) that offer better value and yields without steep premiums.
