GOF: Rethinking Opportunistic Credit, Despite Heavy Payouts (Downgrade) [Seeking Alpha]
Guggenheim Strategic Opportunities Fund Common Shares of Beneficial Interest (GOF)
US:NYSE Investor Relations:
guggenheiminvestments.com/cef/fund/gof
Company Research
Source: Seeking Alpha
GOF is a mixed bag of assets with a growing allocation to stocks, and it has performed well against its benchmark. Recent performance has been spurred on by a rise in premium, and the trade I recommended in November has come to a close. I advise investors not to add to their GOF position and potentially trim it in favor of other CEFs trading at discounts, and conservative investors should consider exiting GOF entirely. Introduction Last November, I published an article titled, " GOF: The Premium Has Come Down on Opportunistic Credit. " I encourage you to check that out after reading this, to see where I came from to reach the new conclusions presented in this article. In this article, I am going to re-evaluate my stance on GOF and its place in an income portfolio. As of now, I am limiting my stake in GOF and phasing it out of my CEF portfolio. Brief Overview The Guggenheim Strategic Opportunities Fund has been lauded for its ability to pay out double digit dividends yea
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GOF
News
- Closed End Funds That Offer A Discount To Reinvest [Seeking Alpha]Seeking Alpha
- Guggenheim Investments Announces April 2024 Closed-End Fund Distributions [Yahoo! Finance]Yahoo! Finance
- Guggenheim Investments Announces April 2024 Closed-End Fund DistributionsGlobeNewswire
- Downgrading Guggenheim Strategic Opportunities Fund From A Buy To A Sell At $14.70 [Seeking Alpha]Seeking Alpha
- Guggenheim Investments Announces March 2024 Closed-End Fund DistributionsGlobeNewswire
GOF
Sec Filings
- 3/4/24 - Form DEF
- 3/1/24 - Form DEF
- 2/2/24 - Form N-CSRS
- GOF's page on the SEC website