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Stock impact report

CEF Weekly Review: More Volatility In CLO Equity CEFs [Seeking Alpha]

Cohen & Steers Infrastructure Fund, Inc (UTF) 
US:NYSE Investor Relations: en.wikipedia.org/wiki/cohen_(surname)
Company Research Source: Seeking Alpha
Closed-end fund (CEF) markets saw broad NAV gains, with Muni sectors outperforming due to falling Treasury yields, but overall CEF valuations remain elevated. CLO Equity CEFs experienced notable volatility, with ECC and OXLC NAVs dropping sharply after August updates, likely due to expectations of Fed rate cuts. Cohen & Steers Infrastructure Fund (UTF) announced a rights offering, causing a price dip; exercising and oversubscribing rights is recommended to offset for NAV dilution. Our recent allocation shifts reduced Nuveen leveraged CEF exposure in favor of better-valued BlackRock CEFs and high-yield Muni ETFs, seeking improved value. Looking for a helping hand in the market? Members of Systematic Income get exclusive ideas and guidance to navigate any climate. Learn More » primeimages/iStock via Getty Images Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund [CEF] market activity from both the bottom-up – highlighting indivi Show less Read more
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