CEF Holdings --- March 2026

Old Dog Seeks New Tricks said:
Changing the subject - some info for all, particularly those at Schwab - which is a bit of a pain to deal with to get DRIP programs in place. I went thru the drill today to add PAXS that I had failed to do previously. And also found out that three of my lesser positions away from PIMCO also have discounted programs. Maybe most/all of you already knew this but in case not -- WDI and GOF and OXLC all have discounted DRIPs.
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FYI - I recently got out of OXCL, but had it on DRIP for a few months. The last couple of months I had it in DRIP, it DRIP'd above what should have been the discounted price, and was even at a price higher than it traded on the payment date. For example, on Jan 5th I received the 12/31 dividend at a price of $15.1263. The trading range on 12/31 was a low of $14.62 and a high of $14.88. Similar DRIP execution for November's dividend as well. So I took it off DRIP. And eventually sold it, but that's another discussion.
 
With today's increases to PDI, GOF, and FSCO (along with CLOZ), CEFs make up 36% of our marketable securities. We also have real estate related assets that account for over 50% of our investments.
 
I never noticed this before...google shows some prediction of the day going forward ? Perhaps I am reading this wrong?

PDI example.

pwf
 

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further to the machinations around DRIPs at schwab. i was told yesterday that just as you must make the special call to be added, you MUST call again to be taken off. Merely 'unchecking' the reinvest button on your website account portfolio will NOT be sufficient. You have to call to get in AND to get out. You can't make this stuff up and/or - truth is stranger than fiction /
 
AllianceBernstein Global High Income (AWF) has been one of my CEF holdings for years. Price has dropped significantly recently, but NAV has held up, with some drop just recently. It's at a 10% discount, which is way out of the ordinary. Not a super high yielder like the Pimcos, current yield at 7.7%, but till now it has always been a stable performer, no ROC, very little leverage. Seems mispriced to me.
 
surprising said:
AllianceBernstein Global High Income (AWF) has been one of my CEF holdings for years. Price has dropped significantly recently, but NAV has held up, with some drop just recently. It's at a 10% discount, which is way out of the ordinary. Not a super high yielder like the Pimcos, current yield at 7.7%, but till now it has always been a stable performer, no ROC, very little leverage. Seems mispriced to me.
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Hi. I may be the only one who thinks this way, but it might simply be that 7.7% yield that is far below alternatives of higher quality.....like AA-average RCS in the mid-8's and lots of inv grade bond CEFs at 11+%.
Regards, Dick
 
My portfolio is basically 5% Cash, 90% CEF's, and 5% alternatives (that are new positions recently, bought them right before "I-ran" them into the ground.

The CEF's are:
GOF, PCN, PDI, PHK, PTY in near equal amounts.

My biggest losers were GOF and PTY through this last dip.
Fortunately, that was premium compression and they held above NAV's through this.

[mod edit]

Dick's decision to build cash, would have been a better idea. Thank you Dick for sharing this. Kills me I missed the opportunity to buy low on my fav's, and increase my yield in the process. On the other hand, turned out to be a survivable market tantrum, this time.
 
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A week ago I cut my P-CEF allocation by 1/3 due to fear of crazy war / oil shock. A week later, PDI (potentially riskiest) is flat while the others are only marginally down. Today, shifted the PDI sale to a PFL buy pre-ex date (slight risk reduction) and rebought PDO pre-ex date at 3.5% lower.

TWT of course what happens 3/12-13; I'm more concerned by the bad econ reports of Friday 3/6 effect on this asset class than crazy war. It is hard to resist the "flight to the cash cave" urge for a bit.
 
dickoncapecod said:
Hi. I may be the only one who thinks this way, but it might simply be that 7.7% yield that is far below alternatives of higher quality.....like AA-average RCS in the mid-8's and lots of inv grade bond CEFs at 11+%.
Regards, Dick
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It usually is around 4% discount, probably for the reason you mentioned. It's now at 10% discount, so I have to think it'll come back to 4% discount eventually.
 
[mod note] Once again, please keep political comments out of the thread. If you can’t post without political comments, then don’t. If they continue the thread will be shut down.

The people that want this thread to go on indefinitely could do a better job of helping keep it on track.
 
MichaelB said:
[mod note] Once again, please keep political comments out of the thread. If you can’t post without political comments, then don’t. If they continue the thread will be shut down.

The people that want this thread to go on indefinitely could do a better job of helping keep it on track.
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Thanks for watching....and I agree with the prohibition. But could you please provide an example of what counts as a "political comment"? After a quick scan of the last day on this thread, I was unable to spot any....and I want to understand so I can comply with the prohibition.
TIA, Dick
 
IncomeOriented said:
My portfolio is basically 5% Cash, 90% CEF's, and 5% alternatives (that are new positions recently, bought them right before "I-ran" them into the ground.

The CEF's are:
GOF, PCN, PDI, PHK, PTY in near equal amounts.

My biggest losers were GOF and PTY through this last dip.
Fortunately, that was premium compression and they held above NAV's through this.

[mod edit]

Dick's decision to build cash, would have been a better idea. Thank you Dick for sharing this. Kills me I missed the opportunity to buy low on my fav's, and increase my yield in the process. On the other hand, turned out to be a survivable market tantrum, this time.
Click to expand...
unfortunately, we probably have years of such swings ahead of us
 
dickoncapecod said:
Thanks for watching....and I agree with the prohibition. But could you please provide an example of what counts as a "political comment"? After a quick scan of the last day on this thread, I was unable to spot any....and I want to understand so I can comply with the prohibition.
TIA, Dick
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It was my last post. My apologies. I will be more considerate, and careful.
 
Flieger said:
Yes, but I would say we have swings ahead of us forever. Such is the market.

Flieger
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I disagree.
the market has corrections, bull and bear times
SWINGS means something completely different; swings are irrational; folks react in panic to irrational events and cause SWINGS. Example: April
April was not: a correction; it was a SWING
 
marget said:
I disagree.
the market has corrections, bull and bear times
SWINGS means something completely different; swings are irrational; folks react in panic to irrational events and cause SWINGS. Example: April
April was not: a correction; it was a SWING
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Covid was a swing. GFC was a swing. I'm not sure of your point, but assume it's an insinuation. Let's move on please.

Flieger
 
dickoncapecod said:
Thanks for watching....and I agree with the prohibition. But could you please provide an example of what counts as a "political comment"? After a quick scan of the last day on this thread, I was unable to spot any....and I want to understand so I can comply with the prohibition.
TIA, Dick
Click to expand...
You can’t see them because they were removed. Forum policy discourages discussing moderator actions in public.

Everything is good when people stick to the thread topic and leave the politics at home.
 
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Flieger said:
Covid was a swing. GFC was a swing. I'm not sure of your point, but assume it's an insinuation. Let's move on please.

Flieger
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no insinuation intended;
COVID was a market crash imo
maybe a swing has a kind of a carefree ring to my ear
COVID was not an irrational events; so many folks were dying all over the world and for the most part the entire world pulled together to develop a vaccination to save us
 
MichaelB said:
That’s the thing. You don’t see the comment because it’s been removed, and we can’t post it for the same reason. In addition, it’s forum policy not to discuss moderator actions in public.

A link to our community rules can be found at the bottom of the page. Partisan political posts are not welcome. They are corrosive and antisocial. If a member feels a political mention is

You can’t see them because they were removed. Forum policy discourages discussing moderator actions in public.

Everything is good when people stick to the thread topic and leave the politics at home.
Click to expand...
Got it. Dick
 
Actually I don't know what is or isn't "political" but as a PolySci/English major, everything is political, including non-political. But I appreciate the peeps watching us, since i would be thrown out as a leftist, otherwise, so I appreciate all of your patience with me. I try to watch my posts, to be in agreement, but I sometimes slip. so forgive me my failings, all y'all. I try to comply, but "the spirit is willing but the flesh is weak" as my Church of Christ minister father used to quote (Matthew 26:41).
And I love all of y'all and all the moderators, so this isn't criticism, just a point of reality, which is that everything is political, including the non-political.
 
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