Martin Barraud Written by Nick Ackerman, co-produced by Stanford Chemist. The last time I touched on Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) was to discuss why I had added to my position. The primary driver was that the fund looked relatively attractive in terms of its relative discount being wider than its historical…
ollo/iStock via Getty Images Introduction I have been keeping track of the performance of Tsakos Energy Navigation (NYSE:TNP) for several years now, and I mainly focused on the company’s preferred shares as I bought the Series F preferred shares at a steep discount to par during the worst days of the COVID crisis. In the…
Chip Somodevilla The February PCE inflation report The US Bureau of Labor released the February PCE inflation data. The highlights are: the core PCE inflation increased by 0.3% MoM, as expected, and 2.8% YoY also as expected, down from 2.9% in January – so technically the disinflationary process continues. the headline PCE inflation also increased…
Lemon_tm Written by Nick Ackerman, co-produced by Stanford Chemist. Nuveen Variable Rate Preferred & Income Fund (NYSE:NPFD) announced a sizeable distribution boost with their February announcement. This raise itself was shortly after a raise in the distribution announced back in December 2023 as well. Shortly after the fund’s inception, the Fed began hiking short-term interest…
meshaphoto Written by Nick Ackerman, co-produced by Stanford Chemist. The latest financial report is available for the Western Asset Investment Grade Income Fund (NYSE:PAI). Income generation for the fund has increased a touch year-over-year and quarter-over-quarter as the turnover begins to happen in this higher rate environment. Though with an investment-grade focused fund, the weighted…