The Chemist's Triple-Factor Closed-End Fund Report, October 2025

The Triple-Factor CEF Report screens over 400 funds for high yield (>6.5%), strong coverage (>90%), and discount to NAV, balancing yield, sustainability, and value. Top lists include funds with widest discounts, best z-scores, highest yields, and best combined metrics, offering potential for price appreciation and enhanced yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.

Seeking Alpha • Oct 25, 2025

BGB: Discount Worth Watching With Term Approaching

Blackstone Strategic Credit 2027 Term Fund offers a term structure with potential liquidation in September 2027, currently trading at a -4.87% discount. BGB's discount has widened recently due to credit events like First Brands' bankruptcy, but overall exposure to such events remains minimal due to strong diversification. Distribution yield is 7.86%, but payouts are likely to decrease as the Fed cuts rates, while reducing borrowing costs, but the reduction is offset by lower underlying yields.

Seeking Alpha • Oct 16, 2025

4 Closed-End Fund Buys (And 1 Sell) In The Month Of August 2025

August saw continued gains across major indexes, with RSP and Dow outperforming the tech-heavy benchmarks toward the second half of the month. As the markets continue to hit and trade near all-time highs, now including the Dow Jones hitting all-time highs, I've been continuing to build up my cash position. At the same time, every month I do some buying to keep the income compounding on itself over the long term.

Seeking Alpha • Sep 15, 2025

BGB: Offers A Clear Path To Alpha By Capturing The Discount

BGB offers a unique opportunity due to its term structure, enabling predictable discount-to-NAV convergence by September 2027 for potential extra capital appreciation. The fund delivers an 8%+ yield from a diversified portfolio of senior secured loans and high-yield bonds, with low duration limiting interest rate risk. Compared to peers, BGB's wider discount and defined maturity make it attractive for investors prioritizing discount capture and income.

Seeking Alpha • Jul 24, 2025

BGB's Biggest Risk Is A Pivot In Rate Policy

BGB offers an 8.58% yield via a diversified portfolio of senior secured, mostly floating-rate loans, amplified by significant leverage. The fund's floating-rate focus benefits from stable or rising rates, but faces cash flow risk if rates decline, especially with potential 2025 rate cuts. BGB underperforms peers like DSU on long-term returns and charges higher fees, while employing higher leverage, increasing risk during economic stress.

Seeking Alpha • Jul 24, 2025

Triple-Factor Closed-End Fund Report, June 2025

The Triple-Factor screen identifies closed-end funds with >8% yield, >90% coverage, and trading at a discount to NAV, balancing yield, sustainability, and value. Key metrics: premium/discount, z-score, leverage, baseline expense, and coverage. Focus on funds with wide discounts, negative z-scores, and high yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.

Seeking Alpha • Jul 17, 2025

What Recent CEF Distribution Cuts Mean, And Why I'm Not Concerned

Diversification across bonds, senior loans, and CLOs is key to managing interest rate and credit risks in fixed-income portfolios. Market timing is extremely difficult; a balanced mix of fixed and floating-rate assets provides resilience regardless of rate direction. Distribution cuts in floating-rate CEFs are expected as rates fall but should be weighed against opportunity cost and risk-adjusted returns.

Seeking Alpha • Jul 9, 2025

Income-Covered Closed-End Fund Report, June 2025

I focus on CEFs with 100%+ distribution coverage, as this suggests lower risk of distribution cuts and more sustainable income for investors. My top screens highlight funds with the deepest discounts, highest yields, and most attractive z-scores, offering both income and potential price appreciation. Blackstone Strategic Credit 2027 Term Fund (BGB) stands out for its 8.9% yield, 104% coverage, and discount-driven alpha as it nears expiration.

Seeking Alpha • Jul 9, 2025

5 Closed-End Fund Buys In The Month Of May 2025

The market saw a strong continuing recovery in May from April's market drop. The rebound was enough to see the drop recover entirely that was seen in April, but the markets still remain off all-time highs seen in February. While there wasn't as much in terms of opportunity for buying as there was in April, I add to my CEF positions every month regardless.

Seeking Alpha • Jun 15, 2025

BGB: Discount Provides Alpha Opportunity

Blackstone Strategic Credit 2027 Term Fund is a term-structured closed-end fund, which can make its discount even more important as we near the final couple of years. Term funds can extend their liquidation date or even attempt to go perpetual, though it is usually only in a manner that would benefit shareholders. Due to the term structure for BGB, there is an opportunity to generate alpha while collecting a monthly distribution until its anticipated termination.

Seeking Alpha • May 6, 2025