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ETV: Decent Price Right Now, But Not As Diversified As I Would Like
Seeking Alpha· 2025-08-25 06:21
The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV ) is a closed-end fund that investors in search of income might choose to purchase as a method of achieving their goals. This fund certainly does fairly wellAt Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they are released to the general public (and many of them a ...
This 10% Dividend Will Be The First To Fall In The Next Pullback
Forbes· 2025-08-23 14:40
Group 1: Market Overview - The S&P 500 index has already increased by nearly 10% in 2025, with four months remaining in the year, which is atypical as the average annual return is around 10% [3][4] - The current market sentiment, as indicated by CNN's Fear and Greed Index, shows a shift from "extreme greed" to "greed," suggesting potential market cooling [4][5] Group 2: Earnings Performance - Strong earnings growth has been observed, with 81% of companies beating their Q2 estimates, resulting in an overall earnings growth of 11.8% [6][5] - The rise in earnings is attributed to AI-driven productivity gains and the resilience of the US economy [5] Group 3: Valuation Concerns - The S&P 500's price-to-earnings (P/E) ratio has increased to 25.9, significantly higher than the historical average and reminiscent of the dot-com era when the P/E reached 30 before a market decline [7][8] Group 4: Closed-End Funds (CEFs) Analysis - The Gabelli Equity Trust (GAB) offers a high dividend yield of 10.1% but is currently trading at a 6.6% premium to its net asset value (NAV), indicating it may be overpriced [9][10] - In contrast, the Adams Diversified Equity Fund (ADX) is trading at an 8% discount to NAV and has demonstrated superior long-term performance, with a 323% market-price-based return over the last decade compared to GAB's 176% [11][12] Group 5: Investment Strategy - The recommended strategy involves selling overpriced assets like GAB and purchasing undervalued options like ADX, which aligns with the classic investment principle of buying low and selling high [12][13]
10 Best CEFs This Month: Average Yield Of Nearly 9% (August 2025)
Seeking Alpha· 2025-08-23 12:05
Group 1 - The primary goal of the "High Income DIY Portfolios" Marketplace service is to provide high income with low risk and capital preservation for DIY investors [1] - The service offers vital information and portfolio/asset allocation strategies aimed at creating stable, long-term passive income with sustainable yields [1] - The portfolios are specifically designed for income investors, including retirees or near-retirees, and include seven different portfolios: 3 buy-and-hold, 3 rotational portfolios, and a 3-bucket NPP model portfolio [1] Group 2 - The article is changing its format from presenting 5 Best CEFs to 10 Best CEFs, allowing more flexibility for readers to choose funds that meet their individual needs [2] - The analyst has disclosed a beneficial long position in a wide range of companies, indicating a diverse investment strategy [2]
ABRDN JAPAN EQUITY FUND, INC. (JEQ) ANNOUNCES ADDITIONAL TENDER OFFER DETAILS AND ANTICIPATED TIMING OF REORGANIZATION WITH ABRDN GLOBAL INFRASTRUCTURE INCOME FUND (ASGI)
Prnewswire· 2025-08-22 21:06
Group 1 - abrdn Japan Equity Fund, Inc. (NYSE: JEQ) is announcing details regarding its tender offer and the upcoming reorganization with abrdn Global Infrastructure Income Fund (NYSE: ASGI) [1] - The tender offer will expire on September 2, 2025, at 5:00 PM ET, with a valuation date of September 3, 2025, pricing shares at 98% of the NAV determined as of that date [9] - The settlement date for the tender offer is set for September 12, 2025, with a potential final distribution announcement on September 19, 2025, if necessary [9] Group 2 - The last day of trading for JEQ is anticipated to be on or about October 10, 2025, after which shareholders will receive newly issued common shares of ASGI equivalent to the aggregate net asset value of their JEQ shares [9] - Shareholders of JEQ as of market close on October 10, 2025, will be deemed shareholders of ASGI at the open of market trading hours on October 13, 2025 [9]
中信股份等在广西新设人工智能产投基金
Zheng Quan Shi Bao Wang· 2025-08-22 01:03
人民财讯8月22日电,企查查APP显示,近日,广西人工智能产业投资基金合伙企业(有限合伙)成立,出 资额33亿元,经营范围包含:以私募基金从事股权投资、投资管理、资产管理等活动。企查查股权穿透 显示,该企业由中信股份旗下中信投资控股有限公司、中信私募基金管理有限公司、广西投资引导基金 有限责任公司共同出资。 ...
The GDL Fund Declares Third Quarter Distribution of $0.12 Per Share
Globenewswire· 2025-08-21 18:18
Core Viewpoint - The GDL Fund has declared a cash distribution of $0.12 per share, payable on September 23, 2025, to shareholders of record on September 16, 2025 [1] Distribution Policy - The Board of Trustees will monitor the Fund's distribution level, considering the net asset value and financial market environment [2] - The Fund makes annual distributions of realized net long-term capital gains and quarterly cash distributions of investment company taxable income [3] - Distributions may exceed the income earned in a period to maintain stability [3] Earnings and Returns - If the Fund's earnings do not meet the total distributions, the excess will be considered a return of capital, generally not taxable [4] - Each distribution in 2025 is estimated to include approximately 7% from net investment income, 13% from net capital gains, and 80% as a return of capital [5] Fund Overview - The GDL Fund is a diversified, closed-end management investment company with total net assets of $131 million, aiming for absolute returns with controlled risk [6]
Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 per Share
Globenewswire· 2025-08-21 17:55
RYE, N.Y., Aug. 21, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) declared a $0.12 per share cash distribution payable on September 23, 2025 to common stock shareholders of record on September 16, 2025. The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue C ...
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 per Share
Globenewswire· 2025-08-21 17:22
Core Viewpoint - The GAMCO Global Gold, Natural Resources & Income Trust has approved the continuation of its monthly cash distributions, declaring $0.03 per share for October, November, and December 2025, with expectations that these distributions will primarily constitute a return of capital for tax purposes [1][2]. Distribution Details - The declared cash distributions are scheduled as follows: - October: $0.03 per share, payable on October 24, 2025, with a record date of October 17, 2025 [2] - November: $0.03 per share, payable on November 20, 2025, with a record date of November 13, 2025 [2] - December: $0.03 per share, payable on December 19, 2025, with a record date of December 12, 2025 [2] - The Board of Trustees will review potential distributions quarterly, considering the Fund's net asset value and market conditions [2]. Fund Characteristics - The GAMCO Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end management investment company with total net assets of $801 million, focusing on providing a high level of current income [7]. - The Fund primarily invests in equity securities of gold and natural resources companies and employs a strategy of writing covered call options on its portfolio [7].
Gabelli Global Small and Mid Cap Value Trust Declares Third Quarter Distribution of $0.16 Per Share
Globenewswire· 2025-08-21 16:58
Distribution Announcement - The Gabelli Global Small and Mid Cap Value Trust declared a cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders of record on September 16, 2025 [1] Distribution Policy - The Fund intends to pay quarterly distributions determined by the Board of Trustees, with potential additional adjusting distributions in December based on excess income and net realized capital gains [2] - The Board of Directors reviews potential distributions each quarter, considering the Fund's net asset value and market conditions, with the distribution policy subject to modification [3] Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4] - Shareholders with income exceeding certain thresholds may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4] Return of Capital - If the Fund's earnings do not meet the aggregate distributions, the excess amount distributed will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] Distribution Components - In 2025, distributions to common shareholders are estimated to include approximately 10% from net investment income, 23% from net capital gains, and 67% as a return of capital [6] Fund Overview - The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with total net assets of $144 million, primarily investing at least 80% of its assets in equity securities of small or medium-sized companies [7]
EVT: Healthy Distribution Yield And Attractive Discount
Seeking Alpha· 2025-08-21 16:34
Group 1 - The Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) is identified as a core position for income investing, focusing on leveraged equity investments [2] - The fund aims to provide safe and reliable yields of approximately 8% or more, appealing to both active and passive investors [2] - The majority of the fund's holdings are monthly-payers, which enhances compounding and stabilizes income streams [2] Group 2 - The CEF/ETF Income Laboratory offers managed portfolios and expert-level research to assist members in income and arbitrage strategies related to closed-end funds and exchange-traded funds [2] - The community consists of over a thousand members who share insights and strategies for maximizing income opportunities [2]