BGB: Active Leveraged Loan CEF From Blackstone, 9.6% Yield [Seeking Alpha]
Apollo Tactical Income Fund Inc. (AIF)
US:NYSE Investor Relations:
agmfunds.com/investmentinformation/tacticalincomefund.aspx
Company Research
Source: Seeking Alpha
BGB has a unique approach with a high allocation to fixed income bonds and an active trading strategy as compared to other leveraged loan CEFs. The fund's portfolio is robust and well-diversified, with a focus on single-B rated bonds. BGB has a term maturity in 2027, but until one year out the CEF should be trading like a perpetual one. Thesis The Blackstone Strategic Credit 2027 Term Fund ( NYSE: BGB ) is a fixed income closed-end term fund that we first covered more than two years ago. Given the narrowing of discounts for many fixed income CEFs, we are revisiting this name given its appealing valuation and trading style. We feel BGB's valuation has been held back by its active trading strategy and its set terms. The CEF is set to dissolve on or about September 15, 2027, absent shareholder approval to extend such term. With the fund's termination date so far in the future, a retail investor would do well to ignore such a date, since returns will not be constrained or influ
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AIF
News
- Apollo Tactical Income Fund: Use This Tactical Opportunity To Increase Your Income [Seeking Alpha]Seeking Alpha
- Apollo Tactical Income Fund Inc. Declares April 2024 Monthly Distribution of $0.144 Per ShareGlobeNewswire
- AIF And Credit Funds: Make My Day, Call It 'Junk' [Seeking Alpha]Seeking Alpha
- Apollo Tactical Income Fund Inc. Declares March 2024 Monthly Distribution of $0.138 Per ShareGlobeNewswire
- Apollo Tactical Income Fund Inc. Declares February 2024 Monthly Distribution of $0.133 Per ShareGlobeNewswire
AIF
Sec Filings
- 4/18/24 - Form 425
- 4/4/24 - Form 425
- 4/4/24 - Form 425
- AIF's page on the SEC website