Aberdeen Standard Global Infr Inc Fd

Cornerstone Strategic Value Fund Inc

Eagle Point Credit

Cushing MLP & Infrastructure Total Return Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

As a retired income investor, I focus on high-yield closed-end funds, or CEFs, for consistent monthly distributions and reinvestment discounts to grow my retirement portfolio. Significant 2024 events include distribution cuts, fund liquidations, rights offerings, and new fund launches, impacting various CEFs I own or follow. Notable CEFs like ACP, ASGI, AOD/AGD, and BlackRock funds have seen distribution increases, reorganizations, and efforts to close discounts due to activist pressure.

Year-End Review Of High-Yield Closed-End Funds

Alpine Total Dynamic Dividend Fund

Ares Dynamic Credit Allocation Fund

Guggenheim Strategic Opportunities Fund

CBRE Global Real Estate Income Fund

Nuveen Real Asset Income & Growth Fund

MainStay CBRE Global Infrastructure Megatrends Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Invesco Senior Income Trust

Western Asset Diversified Income Fund

As a retired income investor, I focus on high-yield CEFs for reliable monthly distributions and potential capital gains from NAV discounts. Five CEFs to avoid currently: GOF, VVR, ARDC, WDI, IGR, due to high relative premiums or unfavorable market conditions. Recommended CEFs to buy/add: AOD, ASGI, JRI, MEGI, OPP, FSCO, offering high yields and potential for capital gains with favorable market conditions.

Eleven High-Yield Closed End Funds: Five To Watch And Six To Buy

ASGI offers a compelling 12.5% distribution yield, which is one of the highest in the infrastructure fund space. Looking at the underlying fundamentals, we will also notice that the risk profile is very acceptable as there is no external leverage involved, and the positions are greatly diversified. In this article, I explain in more detail why, in my view, ASGI should be considered by income seeking investors to enhance their portfolio yield levels in a financially sound manner.

ASGI: This 12.5% Yielder Should Be Considered By Retirement Investors

ASGI offers global exposure to infrastructure sectors, providing a high dividend yield of 12.5%, making it attractive for income-focused investors. The fund's diverse portfolio mains a majority exposure to Industrials and Utilities. I believe ASGI has a positive outlook due to continued interest rate cuts. Despite a high management fee, ASGI's consistent price range and monthly distributions make it appealing for both capital preservation and income generation.

ASGI: Positive Outlook Driven By Interest Rate Cuts

Aberdeen Income Credit Strategies Fund

First Trust / Aberdeen Global Opportunity Income Fund

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

PHILADELPHIA & WHEATON, Ill.--(BUSINESS WIRE)--abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP”) and abrdn Global Infrastructure Income Fund (NYSE: ASGI) (each, an “Acquiring Fund”) announce today the completed reorganizations, after close of regular business on September 20, 2024, of First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) and Macquarie/First Trust Global Infrastructure/ Utilities Dividend & Income Fund (NYSE: MFD) (each, an “Acquired Fund”). In the reorganizatio.

abrdn and First Trust Announce Closing of Reorganizations of Certain First Trust Advised Funds With abrdn U.S. Closed-End Funds

PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The abrdn Global Infrastructure Income Fund (NYSE:ASGI) and the abrdn Income Credit Strategies Fund (NYSE:ACP), announced today that each closed end fund will pay the distributions indicated in the chart below on a per share basis on September 30, 2024, to all shareholders of record as of September 20, 2024 (ex-dividend date September 20, 2024). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.1000 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.2100 Please note that shareholders of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD) and the First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) will not be shareholders of record of the ASGI or ACP respectively until September 23, 2024, so those shareholders will not receive this September distribution.

abrdn Global Infrastructure Income Fund ("ASGI") and abrdn Income Credit Strategies Fund ("ACP") Announce Distribution Payment Details

abrdn Standard Global Infrastructure Income Fund offers high yield with ~47% non-North American holdings, aiming for total return with an emphasis on current income. ASGI's forward dividend yield is 12.43%, with a recent increase in monthly dividends, and plans to maintain this rate until at least May 2025. The upcoming acquisition of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income is expected to create economies of scale and liquidity benefits.

ASGI: 12% Yield, Upcoming Changes In September

I am initiating coverage of the Aberdeen Global Infrastructure Income Fund with a buy rating due to its strong construction, diversification, and performance in inflationary environments. ASGI has delivered 18.80% total returns since inception, with a forward yield of 12.59% and minimal exposure to high-risk growth companies. The fund's significant positions in industrials and utilities, particularly in the railroad and midstream energy sectors, make it well-suited for a slow-growth, high-price environment.

ASGI: An Underrated Fund That Should Continue To Deliver Impressive Income

Please note the previous press release incorrectly referenced the First Trust/abrdn Global Opportunity Income Fund in the title instead of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD). PHILADELPHIA, PA / ACCESSWIRE / August 23, 2024 / The Board of Trustees of abrdn Global Infrastructure Income Fund (NYSE:ASGI), announces today that shareholders of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) ("MFD" or the "Acquired Fund"), advised by First Trust Advisors L.P.

CORRECTION BY SOURCE: abrdn Global Infrastructure Income Fund (ASGI) Announces Update and Tentative Closing Date for Acquisition of Assets From Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

PHILADELPHIA, PA / ACCESSWIRE / August 22, 2024 / The Board of Trustees of abrdn Global Infrastructure Income Fund (NYSE:ASGI), announces today that shareholders of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) ("MFD" or the "Acquired Fund"), advised by First Trust Advisors L.P., have approved the proposed reorganization into ASGI ("Reorganization") which is expected to close at the close of business on September 20, 2024, or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.

abrdn Global Infrastructure Income Fund (ASGI) Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund

abrdn Global Infrastructure Income Fund has performed well, driven by discount narrowing, but also seeing some positive underlying portfolio performance as well. Despite the discount narrowing, the ASGI fund still appears to trade at a reasonably attractive discount due to the increased managed distribution policy. The fund's managed distribution policy increase to a rolling 12% of NAV may be difficult to sustain long-term, in my opinion, but that doesn't mean performance can't still be attractive.

ASGI: Delivering Results While Discount Remains Attractive

Adams Diversified Equity Fund

BlackRock Enhanced Equity Dividend Trust

Blackrock Health Sciences Trust

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Flaherty & Crumrine Total Return Fund Inc

John Hancock Tax-Advantaged Dividend Income Fund

Nuveen AMT-Free Municipal Value Fund

Western Asset Investment Grade Income Fund

Cohen & Steers Real Estate Opportunities and Income Fund

Closed-end funds overall have seen discounts narrow since the start of the year, but opportunities still exist in certain areas of the market. With increased market volatility more recently, that may lead to discounts widening back out, which could create even more opportunities in this structure. I hold 42 positions in my CEF portfolio, with the top 10 positions making up 37.40% of the portfolio—here's a review of those top 10 names.

My Top 10 Closed-End Fund Holdings: August 2024

BlackRock Science & Technology

NXG NextGen Infrastructure Income Fund

Every month, I add or initiate new positions in my closed-end fund portfolio. This creates a snowball of growing monthly cash flow over time. With the market continuing to perform well at/near all-time highs, letting some cash build up also doesn't hurt.

4 Closed-End Fund Buys In The Month Of July 2024

Eagle Point Income Company Inc

June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

ASGI is a new closed end fund with a high distribution yield of 12.5%, offering monthly distributions to income-focused investors. The fund focuses on essential infrastructure sectors, with a diverse geographic exposure and a strategy centered around income generation. ASGI's financials show a fully covered distribution, potential for distribution growth, and a current discount to NAV, making it a buy.

ASGI: Increased Distribution Fully Supported By Financials

PHILADELPHIA, PA / ACCESSWIRE / May 9, 2024 / abrdn Global Infrastructure Income Fund (NYSE:ASGI), (the "Fund"), a closed-end management investment company with Net Assets of $523.3 million and market capitalization of $452.7m (as of May 8, 2024), announced today its Board of Trustees ("Board") has approved an increase in the Fund's annualized distribution rate on NAV from 9% to 12%. As of May 8, 2024, this increase would equate to a distribution rate on share price of 13.4%.

abrdn Global Infrastructure Income Fund (ASGI) Announces Additional 33% Increase in Distribution Rate Which Represents a 68% Increase Since December 2023

BlackRock Utilities Infrastructure & Power Opportunities Trust

John Hancock Premium Dividend Fund

PIMCO Dynamic Income Strategy Fund

4 Closed-End Fund Buys In The Month Of March 2024

BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI) and abrdn Global Infrastructure Income Fund (ASGI) are taking a bit longer to perform with utilities off to a weak start. Both funds are trading at attractive discounts to their net asset value per share, making them potential investment options for investors. Both funds also provide investors with attractive distributions paid out monthly while employing no leverage through borrowings.

ASGI And BUI: Still Conservative, Still Attractive For 2024

Infrastructure assets are physical structures and facilities that are essential for the functioning of society. Investing in infrastructure provides diversification, steady cash flows, inflation protection, and the ability to grow with GDP.

Why The Time Is Now For Infrastructure Investing

The global Infrastructure sector is likely to see a shift in sentiment in 2024 after a poor performance in 2023. Trillions of dollars in infrastructure investments are expected globally over the coming decade.

abrdn Global Infrastructure Income Fund: Global Infrastructure Finds Its Sweet Spot In 2024

FS Credit Opportunities Corp

Virtus AllianzGI Convertible & Income Fund II

PIMCO Dynamic Income Fund

There is a ton of demand for bonds out there right now, and it's easy to see why: they're offering big income streams—especially when you buy your high-yield “corporates” through our favorite income plays: closed-end funds (CEFs).

Thank The Fed For This Shot At Cheap 10%+ Dividends

Alpine Global Dynamic Dividend Fund

Alpine Global Premier Properties Fund

Aberdeen Asia-Pacific Income Fund Inc

Aberdeen Global Income Fund

Aberdeen Australia Equity Fund Inc

India Fund Inc

Aberdeen Japan Equity Fund Inc

abrdn World Healthcare Fund 

Delaware Investments

This release provides an update to the performance tables regarding the IAF Estimated Amounts of Current Distribution per Share and Estimated Amounts of Fiscal Year to Date Cumulative Distributions per Share PHILADELPHIA, PA / ACCESSWIRE / February 13, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP),(NYSE:AGD),(NYSE:AOD),(NYSE:ASGI),(NYSE:AWP),(NYSE:IFN),(NYSE:JEQ) and (NYSE American:FAX),(NYSE American:FCO),(NYSE American:IAF),(NYSE American:THW),(NYSE American:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on February 29, 2024 to all shareholders of record as of February 22, 2024 (ex-dividend date February 21, 2024). These dates apply to the Funds listed below with the exception of the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) which will pay on March 28, 2024, to all shareholders of record as of February 22, 2024 (ex-dividend date February 21, 2024).

CORRECTION: abrdn U.S. Closed-End Funds Announce Distribution Payment Details

Liberty All-Star Growth Fund

Blackstone Strategic Credit Fund

Blackrock Long-Term Municipal Advantage Trust

BNY Mellon Municipal Income, Inc. 

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Clough Global Dividend and Income Fund

Nuveen Build America Bond Fund

Nuveen Municipal High Income Opportunity Fund

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Income Strategy Fund II

Brookfield Real Assets Income Fund

Liberty All Star Equity Fund

Western Asset Premier Bond Fund

Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.

CEF Weekly Commentary | Swap Some MAIN Bonds?

Blackrock ESG Capital Allocation Trust

RiverNorth Opportunities Fund, Inc.

Special Opportunities Fund Inc

Several high-yielding closed-end funds have announced increased monthly distributions for 2024. The funds mentioned have a forward annual yield exceeding 10%, except for one that yields 9.5%.

5 High Yield CEFs That Raised Distributions In 2024

abrdn Life Sciences Investors 

PHILADELPHIA, PA / ACCESSWIRE / January 10, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP)(NYSE:AGD)(NYSE:AOD)(NYSE:ASGI)(NYSE:AWP) and (NYSE American:FAX)(NYSE American:FCO)(NYSE American:THQ)(NYSE American:THW)(NYSE American:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on January 31, 2024 to all shareholders of record as of January 24, 2024 (ex-dividend date January 23, 2024). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.1000 AGD NYSE abrdn Global Dynamic Dividend Fund $ 0.0650 AOD NYSE abrdn Total Dynamic Dividend Fund $ 0.0575 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.1600 AWP NYSE abrdn Global Premier Properties Fund $ 0.0400 FAX NYSE American Abrdn Asia-Pacific Income Fund, Inc. $ 0.0275 FCO NYSE American abrdn Global Income Fund, Inc. $ 0.0700 THQ NYSE American abrdn Healthcare Opportunities Fund $ 0.1125 THW NYSE American abrdn World Healthcare Fund $ 0.1167 VFL NYSE American abrdn National Municipal Income Fund $ 0.0375 At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of each fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year.

News for Aberdeen Standard Global Infr Inc Fd ETF (ASGI)