These 7 High-Yield CEFs Reduced Distributions In 2024, Consider Buying Anyway [Seeking Alpha]
Macquarie First Trust Global (MFD)
US:NYSE Investor Relations:
ftportfolios.com/retail/cef/cefsummary.aspx?ticker=mfd
Company Research
Source: Seeking Alpha
CEFs have advantages over traditional dividend-paying stocks and offer a wide range of asset types and classes. The article reviews seven CEFs that have adjusted their annual distributions downward but still offer monthly payouts exceeding 10%. For income investors who wish to generate passive income in retirement, or who simply want to support a lavish lifestyle, one option to consider includes CEFs, or closed-end funds. There are multiple advantages to CEFs over more traditional dividend paying stocks such as business development companies ((BDCs)), master limited partnerships ((MLPs)), or real estate investment trusts ((REITs)). The fund manager based in the UK who call themselves abrdn (with lower case "a") offers a wide range of CEFs and have been aggressively expanding by acquiring and merging funds from other fund managers. Some of those acquired funds include the Tekla healthcare funds - HQH, HQL, THW, THQ, and others such as Macquarie/First Trust Global Infrastructure/
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News
- First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund with and into abrdn Global Infrastructure Income Fund [Yahoo! Finance]Yahoo! Finance
- First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund with and into abrdn Global Infrastructure Income FundBusiness Wire
- First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund with and into abrdn Global Infrastructure Income FundBusiness Wire
- First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund with and into abrdn Global Infrastructure Income Fund [Yahoo! Finance]Yahoo! Finance
- First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund with and into abrdn Global Infrastructure Income FundBusiness Wire
MFD
Sec Filings
- 4/25/24 - Form NPORT-P
- 4/25/24 - Form 5
- 4/25/24 - Form DEFA14A
- MFD's page on the SEC website