Closed-End Funds: Screening For Potential Opportunities To Kick Off H2 2025

We closed out the first half of 2025, making it an appropriate time to give the overall CEF space a fresh look for potential opportunities. As the broader equity indexes have been performing quite well, discounts in the CEF space have narrowed overall. The best relative value more broadly is in the municipal bond space and the "hybrid" funds.

Seeking Alpha • Jul 14, 2025

Certain Eaton Vance Municipal Closed-End Funds Announce Distribution Updates

BOSTON--(BUSINESS WIRE)--The Eaton Vance municipal closed-end funds (each, a “Fund,” and collectively, the “Funds”) listed below announce increases to their monthly distribution rates. The Fund's increased distribution rates will be effective beginning with the January 2024 distribution. These distribution rate increases range between approximately 22% and 41% relative to each Fund's current distribution rates and are intended to help support secondary market trading of Fund shares and improve.

Business Wire • Dec 21, 2023

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

Seeking Alpha • Dec 15, 2023

Municipal Bond CEF Update Aug 2023: Valuations Are Incredible

Municipal bonds experienced a drop in 2022 due to rising interest rates, presenting a buying opportunity. Muni closed-end funds have higher portfolio yields, but net investment income has been affected by increased leverage costs. Muni CEFs have upside potential once interest rates normalize, but individual munis offer lower risk and higher yields.

Seeking Alpha • Sep 6, 2023

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

Seeking Alpha • Sep 1, 2023

ETX: An Attractive Lower Beta Municipal CEF

ETX offers an attractive lower-duration Municipal option for the current market environment of flat yield curves and tight credit spreads. The fund has historically outperformed the broader tax-exempt Muni CEF sector.

Seeking Alpha • Mar 1, 2023

Quality Closed-End Fund Report, November 2022

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

Seeking Alpha • Dec 6, 2022

Eaton Vance Municipal Income 2028 Term Trust Announces Telephonic Annual Meeting Of Shareholders On November 12, 2021

BOSTON, Nov. 2, 2021 /PRNewswire/ -- The following notice relates to the Annual Meeting of Shareholders of Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX): Notice That Annual Meeting Of Shareholders Will Be A Telephonic Meeting Due to the public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of our shareholders, NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of Eaton Vance Municipal Income 2028 Term Trust (the "Fund") to be held on Friday, November 12, 2021 at 11:30 a.m. Eastern Time (the "Meeting") will be held in a telephonic format.

PRNewsWire • Nov 2, 2021

Eaton Vance Management Announces Changes To The Portfolio Management Team Of Certain Municipal Closed-End Funds

BOSTON, Oct. 1, 2021 /PRNewswire/ -- Eaton Vance Management ("EVM"), investment adviser to the closed-end funds listed below (the "Funds") announced that Julie P. Callahan, CFA and William J.

PRNewsWire • Oct 1, 2021

More Relative Value Trades And Opportunities: Munis

The muni CEF space is largely buy-and-hold (or long-term rental agreements). But right now, there's a lot of dislocation in the sector. Some funds are extremely expensive while others are relatively cheap. Making swaps makes sense to rotate into the better opportunities and see more discount closing tailwinds.

Seeking Alpha • Aug 13, 2021