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   Non-TechCEF Closed End Fund Investing


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From: chowder7/2/2021 5:55:51 PM
   of 57
 
Here are the CEF's I own:

ACV .. AFB .. AIO .. ASG .. BST .. BSTZ .. CSQ .. DNP .. EIM .. ETO .. EVG .. EVN .. EVT .. GOF .. HTD .. KTF .. NIQ .. PDO .. PTY .. RNP .. THQ .. UTF .. UTG.

Today I added to GOF and THQ.

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To: CusterInvestor who wrote (38)7/20/2021 3:47:16 PM
From: the traveler
1 Recommendation   of 57
 
I have started something similar to your screens--see below

I would like to throw this out there to anyone interested that might have the resources to have some back testing capabilities. I have often read about studies indicating owning CEF's with discounts being a good strategy for total return etc.



So back in late June of this year I set up the criterion listed below and started screening in cefconnect.com--the plan was to screen weekly or monthly, or both, and stay invested in the top five funds that continue to meet the criterion. My problem is I have no back testing capabilities to gain confidence in the model or know to abandon it ASAP--LOL. It would be super interesting to know the record on this simple procedure over say the last 15-25 years or thereabouts.



Anyway the screening criterion is as follows:



I started by running the screen based on Fridays closing numbers--eg. weekly. Select the top 5 funds with the largest discounts to NAV that also pay a monthly dividend greater than xx% per annum. ( I arbitrarily set it at 7% when I started)



Buy equal monetary amounts of each of the five and stay invested until one or more drops out of the top 5--sell the drop outs at the open on the following Monday and replace them at the same time with the funds that took there place in the top 5 list.



That's it!

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To: the traveler who wrote (46)7/20/2021 4:59:54 PM
From: chowder
   of 57
 
Do you have a list of names your screen came up with?

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To: chowder who wrote (47)7/20/2021 8:39:23 PM
From: the traveler
1 Recommendation   of 57
 
Yes they are listed below. No change in the top 5 on a weekly screen so far. Also no changes through yesterdays close.

DISC /
DIST PREM YIELD PRICE
TICKER >=7% 06/23/21 06/23/21 06/23/21
HFRO Monthly (27.90)% 9.29% 9.95
HGLB Monthly (23.71)% 9.46% 9.01
SPE Monthly (16.69)% 7.44% 15.17
VCIF Monthly (9.44)% 8.78% 10.74
FPL Monthly (8.97)% 7.51% 5.99
EST. YIELD 8.4960%

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To: the traveler who wrote (48)7/21/2021 2:13:54 PM
From: chowder
1 Recommendation   of 57
 
Thanks for sharing. The only one I had on my list is SPE but I have been adding to BST this week.

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To: chowder who wrote (45)7/28/2021 1:03:43 PM
From: TXRNR03
   of 57
 
Is anyone taking advantage of the EVG Tender Offer?

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To: TXRNR03 who wrote (50)7/28/2021 1:22:47 PM
From: chowder
   of 57
 
I'm not since I don't know what the price is going to be.

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To: TXRNR03 who wrote (50)7/28/2021 9:09:17 PM
From: lizardK
   of 57
 
Declined

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From: chowder12/4/2021 12:41:19 AM
   of 57
 
On Monday I am going to be buying the following CEF's and ETF's.

JRI ...... 7.63% yield
BSTZ .. 4.98%
XYLD .. 9.17%
QYLD .. 12.06

JRI --

Overview

As of 12/3/2021

Share Price NAV Premium/

Discount
Current$15.03$16.57-9.29%
52 Wk Avg$15.16$16.70-9.26%
52 Wk High$16.50$17.59-5.37%
52 Wk Low$13.12$15.53-16.17%

BSTZ --

Overview

As of 12/3/2021

Share Price NAV Premium/ Discount
Current$37.21$39.74-6.37%
52 Wk Avg$38.59$41.08-6.10%
52 Wk High$43.76$44.87-1.82%
52 Wk Low$32.07$35.39-12.68%

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From: chowder12/4/2021 3:16:53 AM
   of 57
 
Re: PDO Special Dividend ...

NEW YORK, Dec. 03, 2021 (GLOBE NEWSWIRE) -- The Board of Trustees of the PIMCO Dynamic Income Opportunities Fund (“Fund”) has declared a special year-end distribution for its common shares as summarized below. The distribution is payable on December 21, 2021 to shareholders of record on December 14, 2021, with an ex-dividend date of December 13, 2021. In addition to the regular monthly dividend, this special year-end distribution is being paid to allow the Fund to meet its 2021 distribution requirements for federal excise tax purposes. The Fund’s total distribution will be taxable to shareholders in 2021.

Distribution Per Share
FundNYSE SymbolNet
Income
Short-Term
Capital
Gains
Long-Term
Capital
Gains
Total
PIMCO Dynamic Income
Opportunities Fund
PDO$0.37$0.10$0.02$0.49


bdtonline.com

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