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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 11.49   0.0 0.00 2.74 22.16
CORNERSTONE STRATEGIC VALUE FUND 11.75   0.0 0.00 0.00 21.00
OXFORD LANE CAPITAL 10.75   0.0 0.00 1.62 15.08
EAGLE POINT CREDIT 17.85   0.0 -0.75 2.60 13.48
CLOUGH GLOBAL ALLOCATION FUND 10.85   0.0 0.00 0.00 11.37
CLOUGH GLOBAL OPPORTUNITIES FUND 9.42   0.0 0.00 0.00 11.27
DELAWARE ENHANCED GLOBAL DIV AND INCOME FUND 9.83   0.0 0.00 0.00 11.16
INDIA FUND 21.33   0.0 0.00 0.00 11.04
NICHOLAS-APP CONV & INCOME II 5.11   0.0 0.00 0.00 10.61
CLOUGH GLOBAL EQUITY FUND 12.60   0.0 0.00 0.00 10.60
MFS INTERMEDIATE INCOME TRUST 3.82   0.0 0.00 0.35 9.82
MFS SPECIAL VALUE TRUST 5.76   0.0 0.00 0.00 9.67
MFS INTERMEDIATE HIGH INCOME FUND 2.52   0.0 0.00 0.00 9.58
MFS MULTIMARKET INCOME TRUST 5.82   0.0 0.00 0.49 9.22
CS HIGH YIELD BOND FUND 2.50   0.0 0.00 0.00 9.12
PIMCO GLOBAL STOCKSPLUS 12.50   0.0 0.00 0.00 9.00
ROYCE VALUE TRUST 13.87   0.0 0.00 1.24 8.92
MFS CHARTER INCOME TRUST 8.11   0.0 0.00 0.00 8.78
PIMCO CORPORATE OPPORTUNITY FUND 18.31   0.0 0.00 1.56 8.52
ROYCE MICRO-CAP TRUST 8.13   0.0 0.00 0.00 8.36
COHEN & STEERS CLOSED-END OPPORTUNITY FUND 12.86   0.0 0.00 0.00 8.14
TEMPLETON EMERGING MARKETS INCOME FUND 10.25   0.0 0.00 0.00 7.71
PIMCO CORPORATE INCOME FUND 17.54   0.0 0.00 0.00 7.67
MFS GOVERNMENT MARKETS INCOME TRUST 4.58   0.0 0.00 0.00 7.66
DELAWARE INVESTMENTS DIVIDEND & INCOME FUND 14.91   0.0 0.00 0.00 7.39
FLAHERTY & CRUMRINE DYNAMIC PREFERRED ANDOME FUND 25.55   0.0 0.00 0.00 6.77
ING PRIME RATE TRUST 4.78   0.0 0.00 0.00 6.74
EAGLE CAPITAL GROWTH FUND 8.05   0.0 0.00 0.00 6.66
FLAHERTY & CRUMRINE/CLAYMORE PREF SEC INCOME FUND 20.61   4.8 4.25 0.00 6.60
SPECIAL OPPORTUNITIES FUND 13.87   0.0 0.00 0.00 6.57
FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND 21.19   0.0 0.00 0.00 6.56
FLAHERTY & CRUMRINE PREF INCOME OPP FUND 11.99   0.0 0.00 0.00 6.28
BLACKROCK HEALTH SCIENCES TRUST 38.80   0.0 0.00 0.00 6.20
FLAHERTY & CRUMRINE PREFERRED INCOME FUND 15.06   0.0 0.00 0.00 5.96
MFS HIGH INCOME MUNICIPAL TRUST 5.23   0.0 0.00 0.27 5.63
WESTERN ASSET MANAGED MUNICIPALS FUND 14.25   0.0 0.00 0.75 4.93
BLACKROCK MUNIYIELD INVESTMENT FUND 14.29   0.0 0.00 0.00 4.71
BLACKROCK MUNICIPAL INCOME INVESTMENT TRUST 14.20   0.0 0.00 0.00 4.57
BLACKROCK MUNIHOLDINGS QUALITY FUND II 12.54   0.0 0.00 0.00 4.21
BLACKROCK MUNIYIELD PENNSYLVANIA INSURED FUND 14.06   0.0 0.00 0.00 3.94
BLACKROCK VIRGINIA MUNICIPAL BOND TRUST 16.34   0.0 0.00 0.00 3.33
BLACKROCK MARYLAND MUNICIPAL BOND TRUST 15.05   0.0 0.00 0.00 2.92

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


Older articles featuring Cornerstone Total Return Fund (CRF):
Negative-Yielding Debt: Monetary Contagion Spreads
The Dollar, High-Yield Bond Market And S&P 500 Revenue Growth
Two Yield Spreads Are Better Than One For Business Cycle Analysis
Equity CEFs: Where's The Beef In The Delaware Dividend & Income Fund?
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

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