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Post by xray on May 21, 2021 18:10:02 GMT
There have been a lot of changes in current dividends and distributions through the year [so far]. Mostly down with the MktPrc increases that are currently following the market. Some changes will be automatic as their distributions are "tied to their current "NAV's" [NAV's go up/down, distributions will follow [up/down] unless tied to last year ending NAV's] or were currently fixed dividends....
Feel free to post changes as they occur and as you know them [going forward]....
VGI and ZTR have reduced their distributions by "-$0.02/month". ZTR just made their announcement today and will start with their new $0.08/month with their 6/18 distribution....
Live Long and Prosper....
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Post by xray on May 21, 2021 18:16:14 GMT
Always beware of CEF "BUYBACKS" of their stocks. Less shares normally means increases in their current dividends [less shares outstanding] or CEF is trying to maintain the current distribution because of a declining "NAV". There is a difference and we should take note of this....
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Post by xray on May 23, 2021 16:30:22 GMT
HQH and HQL reduced their distributions [as expected as their distributions are 'automatically" tied to their NAV's] to $0.50/Qtr and $0.41/Qtr respectively. the x-div is 5/27 with payment on "6/30"....
Live Long and Prosper....
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Post by xray on Jun 21, 2021 21:43:24 GMT
For divided oriented investors:
DENVER, June 21, 2021 /PRNewswire/ -- RiverNorth Opportunities Fund, Inc. (the "Fund"), which trades on the New York Stock Exchange under the symbol "RIV," announced the declaration of monthly distributions of $0.17 per share, payable on the dates noted below. Under the Fund's level distribution policy, the distribution rate has been reset to an amount equal to approximately 12.5% (annualized) of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2020 calendar year. Based on the Fund's current NAV per share of $17.16 (as of market close June 16, 2021), the distributions represent an annualized distribution rate of 11.89%.
The following dates apply to the distributions declared:
Ex Date's
July 15, 2021
July 16, 2021
July 30, 2021
Live Long and Prosper....
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Post by xray on Jun 22, 2021 18:11:51 GMT
Keep in mind that if/when a security [like RIV] is paying out a 12.5% dividend or distribution, the upside in MktPrc could be limited [in comparison to other securities under evaluation. In addition, many charts do not follow dividends or distributions being paid out and thus, we sometimes have to add the dividend or distribution into the chart "manually"]
Live Long and Prosper....
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Post by xray on Jun 22, 2021 18:21:11 GMT
FCT [decrease in dividend]:
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WHEATON, Ill., Jun 21, 2021--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has decreased its regularly scheduled monthly common share distribution to $0.0896 per share from $0.0976 per share. The distribution will be payable on July 15, 2021, to shareholders of record as of July 2, 2021. The ex-dividend date is expected to be July 1, 2021. The monthly distribution information for the Fund appears below.
First Trust Senior Floating Rate Income Fund II (FCT):
Distribution per share:
$0.0896
Distribution Rate based on the June 18, 2021 NAV of $12.65:
8.50%
Distribution Rate based on the June 18, 2021 closing market price of $12.73:
8.45%
Decrease from previous distribution of $0.0976:
-8.20%
This distribution will consist of net investment income earned by the Fund and return of capital and may also consist of net short-term realized capital gains. The final determination of the source and tax status of all 2021 distributions will be made after the end of 2021 and will be provided on Form 1099-DIV.
Strong inflows into the senior loan market have resulted in spreads tightening. As a result, the Fund has experienced reduced income. We believe a reduction in the distribution from $0.0976 per share to $0.0896 per share will bring the distribution more in line with the current earning potential of the Fund.
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Comment: FCT has not been performing well [for a while now] and some of us sold it for CapGain early in the second Qtr when their Star rating went to "5" and their report card grade dropped to "52". We must keep in mind that we "cannot" marry any of our securities in our portfolio's and hold them forever when they are not performing to our individual analysis standards....
Disclosure: Some of us do not have a current position in FCT....
Live Long and Prosper....
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