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M* CEF Monthly: There's A Fire (Sale) In Bond CEFs
Tecla HQL has a distribution rate at price of 7.59%, and Tecla HQH's is 8.22%? Very interesting. I did not realize they had become this high. z-stat useful here? Hmmm, perhaps, but how much?
Anyway, for those interested in the discounts-as-awesome-opportunity message, RiverNorth's Patrick Galley will be having a webcast this coming Thursday on the question. Whether it will be pom-poms and marketing spin, or a serious data-driven presentation, I would not hazard to speculate. I defer to Ted's experience on such matters. http://www.rivernorth.com/events
FWIIW, MS China A share (CAF), whose discount is now 29%, just declared a distribution of about $5 per share, about 20% of the share price. A big discount doesn't always mean a bargain. The price has plummeted during the Chinese meltdown, but shareholders will have a big tax bill anyway.
Comments
z-stat useful here? Hmmm, perhaps, but how much?
Anyway, for those interested in the discounts-as-awesome-opportunity message, RiverNorth's Patrick Galley will be having a webcast this coming Thursday on the question. Whether it will be pom-poms and marketing spin, or a serious data-driven presentation, I would not hazard to speculate. I defer to Ted's experience on such matters.
http://www.rivernorth.com/events