IGA: Trading At A Discount For A Very Good Reason [Seeking Alpha]
Voya Global Advantage and Premium Opportunity Fund Common Shares of Beneficial Interest (IGA)
US:NYSE Investor Relations:
investments.voya.com/investor/products/closed-end-funds/profile/index.htm?p=129
Company Research
Source: Seeking Alpha
The fund's recent performance has been disappointing, with a declining share price over the past three and five years. The fund's distribution history shows declining distributions and net assets, raising concerns about its ability to sustain its current yield. The fund might perform reasonably well in a weak market due to the options strategy, but there is no guarantee that will be the case in 2024. The fund is trading at a massive discount on net asset value, but the fact that net asset value has been declining for eighteen months explains this. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Voya Global Advantage and Premium Opportunity Fund ( NYSE: IGA ) is a closed-end fund that can be employed by investors who are seeking to earn a very high level of income from the assets that are contained in their portfolio. The fund's current 9.25% yield is a testament to it
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IGA
News
- IGA: Attractive Discount Remains With A Switch To A Monthly Distribution Plus A Bump [Seeking Alpha]Seeking Alpha
- IGA: This 12% Yielding Global Equity CEF Now Pays Monthly [Seeking Alpha]Seeking Alpha
- Voya Increases Distribution Rate on 5 Funds [Yahoo! Finance]Yahoo! Finance
- Voya changes distribution frequency from quarterly to monthly on four funds [Seeking Alpha]Seeking Alpha
- Voya announces change to distribution frequency from quarterly to monthly on four funds [Yahoo! Finance]Yahoo! Finance
IGA
Sec Filings
- 4/23/24 - Form NPORT-P
- 3/13/24 - Form SC
- 2/7/24 - Form SC
- IGA's page on the SEC website