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CEF Advisors’ Quarterly Closed-End Fund and BDC Universe Update, Outlook, IPO Review & Outlook

2016-3rd-quarter-review-and-outlook-010917On October 6th we held our Quarterly Closed-End Fund and BDC Universe Update, Outlook, IPO Review & Outlook.

Please watch the replay or download the slides to see what trends we covered in the CEF industry including:

*Discounts & Discount Trends
*Yield and Yield Trends
*Dividend Changes
*Last Quarter’s and Recent Peer-group performance (NAV and Market Price).
*UNII, Earnings and Return of Capital (RoC) Trends
* Recent CEF IPO’s
* Liquidity & Liquidity Trends
* Activist Updates & Trends
* CEF Deaths & Mergers
* NAV vs. Market Price Volatility
* New CEF Universe Data
* 2016 Outlook
* Pre-submitted & Live Q&A

Replay Link
Slides in PDF Format

Chuck Jaffe, Sr. Columnist for Market Watch, interviews John Cole Scott for the MoneyLife Market Call

Chuck Jaffe, a senior columnist formarketwatch-logo-1

MarketWatch, interviewed John Cole

Scott on October 4, 2016. Click on the link below to listen to John give insights on closed-end funds.

Chuck Jaffe, Sr. Columnist for Market Watch, interviews John Cole Scott for the MoneyLife Market Call

 

CEFAdvisor’s 2Q 2016 Research Call Replay and Slides

cefa-2q-2016-cef-and-bdc-review-and-outlook-research-replay-image

On July 13th we held our Quarterly Closed-End Fund and BDC Universe Update, Outlook, IPO Review & Outlook.

Please watch the replay or download the slides to see what trends we covered in the CEF industry including:

*Discounts & Discount Trends

*Yield and Yield Trends

*Dividend Changes

*Last Quarter’s and YTD Peer-group performance (NAV and Market Price).

*UNII, Earnings and Return of Capital (RoC) Trends

*Recent IPO’s

*Liquidity & Liquidity Trends

*Activist Updates & Trends

*Deaths & Mergers

*NAV vs. Market Price Vitality

*New CEF Universe Data

*Expanded Business Development Company CEF Review and Commentary

*Next Quarters Outlook

*Your Pre-submitted & Live Q&A

Replay Link
Slides in PDF Format

AfterMarket Webinar – A Success Story

john-cole-scott-ledermark-interviewMay 23, 2016

LederMark’s Gerri Leder spoke with special guest and nationally recognized closed-end fund expert John Cole Scott about the successful growth of CEFA, 103 percent, since 2010. Sharing his best practices, John provides insights on how to grow your RIA.

“Leverage your knowledge” ~John Cole Scott

Watch Interview:

http://ledermark.com/2016/05/23/after-market-webinar-success-story/

4 Closed-End Funds Trading at a Discount (Street.com’s Gregg Greenberg interviews John Cole Scott, CIO at CEF Advisors)

JCS-Street-2016-04

Alpine Total Dynamic Dividend (AOD) trades at a 16.4% discount to its net asset value, or NAV, below its three-year average discount of 14.7%. John Cole Scott, chief investment officer at Closed-End Fund Advisors, does not expect that exaggerated discount to last.

“AOD’s management aggravated investors a few years ago due to its dividend policy, which it has since changed,” said Scott. “Management has improved, but investors are still punishing it unfairly.”

Watch Interviewhttp://www.thestreet.com/story/13541348/1/4-closed-end-funds-trading-at-a-discount.html

Tortoise Energy Independence (NDP) trades at a 12.6% discount to its NAV. The three-year average discount for the global equity fund is 10.1%. The pipeline MLP closed-end fund fell 35% in 2015 due to the drop in energy prices, but it is up 5% in 2016. Scott expects more gains ahead.

“Tortoise is a great manager, and even though NDP had a rough year in 2015, the fund was still better than its peers,” said Scott. “And it will do much better this year with oil stabilizing.”

Monroe Capital (MRCC ) is a business development company, or BDC, yielding 10%. Scott said it is a “shareholder-friendly” BDC with above-average first lien and variable loans. MRCC’s market cap is $175 million.

A BDC is a form of U.S. unregistered closed-end investment company that invests in small and mid-sized businesses, almost like a venture capital company.

“Monroe is a smaller market cap fund, yet it is part of a much bigger shop with great managers,” said Scott.

Finally, Scott is a fan of NexPoint Credit Strategies Fund (NHF) , which trades at a 14.1% discount to its NAV. The three-year average discount for the global equity fund is 13%.

“NHF is a balanced fund which gives investors a hedge fund experience without the hedge fund fees,” said Scott. “It has high insider ownership, and that aligns management with investors. That’s something we like in a fund.”

http://www.thestreet.com/story/13541348/1/4-closed-end-funds-trading-at-a-discount.html

 

John Cole Scott, CIO at CEF Advisors Interview with Charley Wright, Strategic Investor Radio: Focused on Business Development Companies (BDCs)

StrategicInvestorRadio1

We had a nice discussion covering the firm’s experience and perspective on CEFs, but focused much of the time on Business Development Companies (BDCs).Listen to Interview [Click Here].

John Cole Scott, a previous guest about a year ago, provides an update on Closed End Funds and discusses Business Development Companies (BDC’s).  He discusses the CEF world, about 600 funds managing about $300 Billion in total assets, and sell at a discount or premium to NAV.

BDC’s focus on venture loans to private companies for growth capital.  There are about 50 BDC’s, many of which also have significant institutional investors in their institutional funds.  Both of these investments generate significant yield.  For example, many BDC’s pay double digit yields today, which is not often attainable in fixed income investments today.  Investors and advisors will find this interview to be very interesting.

http://www.strategicinvestorradio.com/e/closed-end-funds-and-business-development-companies/?token=5012c697ea712a68fe27e1227672010c

Charley Wright,
Strategic Investor Radio
OC Talk Radio
www.StrategicInvestorRadio.com
info@StrategicInvestorRadio.com
www.OCTalkRadio.net
909-660-1998

 

CEFAdvisor’s 4Q 2015 Research Call Replay and Slides

BDC-2015-0224-PreviewVideoOn January 14th we held our Quarterly Closed-End Fund and BDC Universe Update, Outlook, IPO Review & Outlook.

Please watch the replay or download the slides to see what trends we covered in the CEF industry including:

*Discounts & Discount Trends
*Yield and Yield Trends
*Dividend Changes
*Last Quarter’s and Recent Peer-group performance (NAV and Market Price).
*UNII, Earnings and Return of Capital (RoC) Trends
* Recent CEF IPO’s
* Liquidity & Liquidity Trends
* Activist Updates & Trends
* CEF Deaths & Mergers
* NAV vs. Market Price Volatility
* New CEF Universe Data
* 2016 Outlook
* Pre-submitted & Live Q&A

Replay Link
Slides in PDF Format