Weekly Review: Senior Loan CEFs [Seeking Alpha]
WESTERN ASSET CORPORATE LOAN FUND INC (TLI)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-corporate-loan-fund-inc.html
Company Research
Source: Seeking Alpha
Summary Introduction In this article, I will make a weekly review of CEFs that invest in senior loans. Considering the risk and return, senior loans are positioned between investment grade corporate bonds and high yield bonds. Usually, they have a floating rate feature and are expected to be less rate-sensitive. In the current market environment of the flattening yield curve, there are many funds that trade at a discount to NAV. The use of leverage in closed-end funds and the fact that they are mostly targeted and used by retail investors make them much more volatile that offers various opportunities for investors and traders like us. The news Source: Yahoo News This week three funds declared their distributions: Western Asset Corporate Loan Fund, Inc. ( TLI ) maintains its distribution for September, October, November as $0.05300 per share; First Trust Senior Floating Rate Income Fund ll ( FCT ) maintains its distribution for September as $0.0600 per share
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