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Weekly Closed-End Fund Roundup: JQC Boosts Yield To 16%

Published Tue, 08 Jan 2019 10:18:24 -0500 on Seeking Alpha

(Note: As we didn't have the CEF Roundup last week due to my data guy being suddenly unavailable, this piece will cover the last two weeks of events. Hence, all statistics are being compared to data from two weeks ago.)
The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate actions on CEFs, such as tender offers. Most of the information has been sourced from CEFInsight or the Closed-End Fund Center. I will also link to some articles from Seeking Alpha that I have found for useful reading over the past week. The searchable tag for this feature is "cildoc." Data are taken from the close of Friday, December 21, 2018.
Weekly performance roundup
0 out of 31 sectors were positive on price (down from 10 two weeks ago) and the average price return was -8.04% (down from -2.78%). Muni sectors lost the least, while equity sectors fared the worst, led by health/biotech (-16.33%), MLPs (-15.79%), tax-advantaged equity (-14.88%), covered call (-12.94%) and general equity (-12.48%).

(Source: Stanford Chemist, CEFConnect)
2 out of 31 sectors were positive on NAV (down from 11 two weeks ago), while the average NAV return was -4.31% (down from -1.17%). The only two positive sectors were Pennsylvania munis and New Jersey munis. MLPs fared the worst at -13.26%, followed by health/biotech... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CORNERSTONE TOTAL RETURN FUND 12.03   0.0 0.00 2.60 21.94
CORNERSTONE STRATEGIC VALUE FUND 12.22   0.0 0.00 0.00 20.11
OXFORD LANE CAPITAL 10.52   0.0 0.00 1.62 15.08
EAGLE POINT CREDIT 17.01   0.0 -2.29 2.40 14.07
CLOUGH GLOBAL ALLOCATION FUND 11.06   0.0 0.00 0.00 11.16
CLOUGH GLOBAL OPPORTUNITIES FUND 9.68   0.0 0.00 0.00 11.09
INDIA FUND 21.57   0.0 0.00 0.00 10.94
DELAWARE ENHANCED GLOBAL DIV AND INCOME FUND 9.88   0.0 0.00 0.00 10.91
CLOUGH GLOBAL EQUITY FUND 13.17   0.0 0.00 0.00 10.46
NICHOLAS-APP CONV & INCOME II 5.26   0.0 0.00 0.00 10.25
MFS SPECIAL VALUE TRUST 5.59   0.0 0.00 0.00 9.73
MFS INTERMEDIATE INCOME TRUST 3.72   0.0 0.00 0.35 9.45
PIMCO GLOBAL STOCKSPLUS 12.43   0.0 0.00 0.00 9.10
MFS INTERMEDIATE HIGH INCOME FUND 2.66   0.0 0.00 0.00 9.05
CS HIGH YIELD BOND FUND 2.52   0.0 0.00 0.00 8.98
PIMCO CORPORATE OPPORTUNITY FUND 17.50   0.0 0.00 1.56 8.96
MFS CHARTER INCOME TRUST 7.84   0.0 0.00 0.00 8.87
ROYCE VALUE TRUST 14.40   0.0 0.00 1.26 8.87
MFS MULTIMARKET INCOME TRUST 5.62   0.0 0.00 0.49 8.80
ROYCE MICRO-CAP TRUST 8.45   0.0 0.00 0.00 8.51
TEMPLETON EMERGING MARKETS INCOME FUND 10.14   0.0 0.00 0.00 8.30
COHEN & STEERS CLOSED-END OPPORTUNITY FUND 12.60   0.0 0.00 0.00 8.29
PIMCO CORPORATE INCOME FUND 17.01   0.0 0.00 0.00 7.91
DELAWARE INVESTMENTS DIVIDEND & INCOME FUND 13.75   0.0 0.00 0.00 7.88
MFS GOVERNMENT MARKETS INCOME TRUST 4.44   0.0 0.00 0.00 7.74
FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND 19.42   0.0 0.00 0.00 7.09
FLAHERTY & CRUMRINE DYNAMIC PREFERRED ANDOME FUND 24.22   0.0 0.00 0.00 7.06
FLAHERTY & CRUMRINE/CLAYMORE PREF SEC INCOME FUND 19.14   4.5 4.25 0.00 7.00
ING PRIME RATE TRUST 4.84   0.0 0.00 0.00 6.80
EAGLE CAPITAL GROWTH FUND 7.77   0.0 0.00 0.00 6.79
SPECIAL OPPORTUNITIES FUND 13.57   0.0 0.00 0.00 6.73
FLAHERTY & CRUMRINE PREF INCOME OPP FUND 11.20   0.0 0.00 0.00 6.70
FLAHERTY & CRUMRINE PREFERRED INCOME FUND 13.73   0.0 0.00 0.00 6.54
BLACKROCK HEALTH SCIENCES TRUST 37.56   0.0 0.00 0.00 6.35
MFS HIGH INCOME MUNICIPAL TRUST 5.22   0.0 0.00 0.28 5.40
WESTERN ASSET MANAGED MUNICIPALS FUND 13.10   0.0 0.00 0.76 5.33
BLACKROCK MUNIYIELD INVESTMENT FUND 14.36   0.0 0.00 0.00 5.26
BLACKROCK MUNICIPAL INCOME INVESTMENT TRUST 13.76   0.0 0.00 0.00 5.06
BLACKROCK MUNIHOLDINGS QUALITY FUND II 12.08   0.0 0.00 0.00 4.87
BLACKROCK MUNIYIELD PENNSYLVANIA INSURED FUND 13.58   0.0 0.00 0.00 4.70
BLACKROCK VIRGINIA MUNICIPAL BOND TRUST 15.80   0.0 0.00 0.00 3.99
BLACKROCK MARYLAND MUNICIPAL BOND TRUST 14.65   0.0 0.00 0.00 3.88

CORNERSTONE TOTAL RETURN FUND - CRF
CORNERSTONE TOTAL RETURN FUND - CRF  


Older articles featuring Cornerstone Total Return Fund (CRF):
Of Slopes And Flops: The Yield Curve Inversion
When A Yield Curve Inversion Means Recession
Ignore The Yield Curve, They Said...
Is The U.S. Yield Curve Signaling A U.S. Recession?
Short And Sharp: Yield Curve Inversion - A False Positive?
Weekly Edge: Yield Curve Sends Mixed Signals
Why An Inverted Yield Curve Is Important
Blue, Red And Grey: Yield Curve Inversions
Market Update: Sovereign Debt And The Yield Curve
Yield Curve, Yield Curve, Yield Curve

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