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Stock impact report

CSQ: 6% Yielding CEF At A 7% Discount [Seeking Alpha]

Calamos Strategic Total Return Fund (CSQ) 
Company Research Source: Seeking Alpha
CSQ's recent distribution coverage is weak, with only 20% covered by NII and realized gains in the last six months, raising concerns. Leverage, interest rate risk and a high allocation to unrated bonds add to CSQ's risk profile despite strong long-term NAV growth. While the current discount is attractive, I'm waiting for improved coverage and greater clarity before recommending CSQ. cemagraphics/iStock via Getty Images Does your portfolio include any closed-end funds? CEFs are often high-yield vehicles that can also sell at a discount or premium to their net asset values, "NAV." Fund Profile: The Calamos Strategic Total Return Fund ( CSQ ) "seeks total return More on my IG service Our Marketplace service, Hidden Dividend Stocks Plus , focuses on undercovered, undervalued income vehicles, and special high yield situations. We scour the US and world markets to find solid income opportunities with dividend yields ranging from 6% to 10%-plus, backed by strong earnings Show less Read more
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