Invesco High Income 2023 Target Term Fund

The full company name is Invesco High Income 2023 Target Term Fund.

Invesco

ATLANTA , Dec. 4, 2023  /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today that it completed the termination and liquidation of the Invesco High Income 2023 Target Term Fund (NYSE: IHIT) (the "Fund").

Invesco Advisers, Inc. Announces Termination and Liquidation of Invesco High Income 2023 Target Term Fund

We review CEF market valuation and performance through the fourth week of October and highlight recent market action. CEFs experienced another tough week, with most sectors in the red for the month of October. October once again highlighted the procyclical nature of CEF discounts, with high premium funds deflating more during difficult market periods.

CEF Weekly Review: High Premium Funds Fold

ATLANTA , Oct. 20, 2023  /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today additional details concerning the liquidation of the Invesco High Income 2023 Target Term Fund (NYSE: IHIT) (the "Fund").

Invesco Advisers Announces Liquidation Details for Invesco High Income 2023 Target Term Fund

We review CEF market valuation and performance through the first week of October and highlight recent market action. CEFs have fallen to their lowest level year-to-date, under pressure from rising interest rates.

CEF Weekly Review: What Drives CEF Portfolio Turnover Costs?

Carlyle Credit Income Fund

FS Credit Opportunities Corp

PIMCO Energy and Tactical Credit Opportunities Fund

We review CEF market valuation and performance through the last week of September and highlight recent market action. CEFs finished September on a weak note, with all sector NAVs moving lower as Treasuries and stocks fell. Investors should be careful in assuming some level of institutional ownership indicates a buy signal for a given CEF.

CEF Weekly Review: Is There Value In Knowing CEF Institutional Investor Holdings?

Invesco High Income 2024 Target Term Fund 

ATLANTA, Sept. 7, 2023 /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today portfolio management changes for the following Invesco closed-end funds (the "Funds"):

Invesco Advisers Announces Portfolio Management Changes for Invesco Closed-End Funds

The Invesco High Income 2023 Target Term Fund is a closed-end fund that invests in commercial mortgage-backed securities. The CMBS market is facing a debt maturity wall, with the current interest rate environment making it difficult for borrowers to refinance. IHIT has a term structure that means it will have to liquidate its portfolio by December 2023, even if the underlying assets are underwater.

IHIT: Disappointing Performance (Rating Downgrade)

Barings Corporate Investors

XAI Octagon Floating Rate & Alternative Income Term Trust

We review CEF market valuation and performance through the fourth week of June and highlight recent market action. CEFs gave back some of their previous rallies as risk sentiment pulled back. We take a look at a couple of misconceptions we came across this week with regard to CEFs and which can lead investors astray in their allocation decisions.

CEF Weekly Review: Analysis Mistakes Can Lead Investors Astray

Duff & Phelps Global Utility Income Fund Inc

Nuveen Preferred & Income Term Fund

We review CEF market valuation and performance through the third week of June and highlight recent market action. CEFs were mostly up on the week due to improving risk sentiment. We discuss a common CEF triple whammy that investors ought to be aware of.

CEF Weekly Review: Watch Out For CEF Triple Whammies

Blackstone/GSO Senior Floating Rate Term Fund

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

Western Asset Mortgage Opportunity Fund

Allspring Income Opportunities Fund

Allspring Global Dividend Opportunity Fund

Wells Fargo Utilities and High Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Nuveen Preferred & Income 2022 Term Fund

We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.

CEF Weekly Review: Term CEFs Continue To Be Misunderstood

Invesco BulletShares 2023 Corporate Bond ETF

The Invesco High Income 2023 Target Term Fund (IHIT) terminates near 12/1/23, with a payout goal of $9.835. The Invesco BulletShares 2023 Corporate Bond ETF (BSCN) terminates near 12/15/23. Unlike IHIT, Invesco did not set a payout goal for this ETF.

IHIT Vs. BSCN: 2 Invesco Bond Funds That Terminate In 2023

Invesco High Income 2023 Target Term Fund is a CMBS closed end fund. The CEF has a December 1, 2023 target liquidation date.

IHIT: You Could Get An 8% Risk-Free Return Here In 2023

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Western Asset Diversified Income Fund

We review CEF market valuation and performance through the second week of November and highlight recent market action. CEFs had a strong week with all sectors finishing in the green on the back of a downside inflation surprise.

CEF Weekly Review: Can We Expect CEF Prices To Come Back?

BlackRock Taxable Municipal Bond Trust

Eagle Point Income Company Inc

BlackRock MuniVest Fund Inc

Neuberger Berman High Yield Strategies Fund Inc

Nuveen Municipal Credit Income Fund

Invesco Municipal Income Opportunities Trust

Putnam Master Intermediate Income Trust

Invesco Bond Fund

Vertical Capital Income Fund.

CEF NAVs took a big hit in June and continue to show downward trends as they have for most of this year. That trend is driven by wider spreads. Discounts have tightened a bit in recent weeks and are basically saying that a recession is not imminent. If a recession comes, much wider discounts are likely.

CEF Report July 2022: Not Safe To Tread In Taxables Just Yet

ArrowMark Financial

Blackrock California Muni Income Trust

Blackstone Strategic Credit Fund

Barings Global Short Duration High Yield Fund

Blackstone Long-Short Credit Income Fund

Eaton Vance California Municipal Income Trust

MFS High Yield Municipal Trust

Doubleline Opportunistic Credit Fund

BNY Mellon High Yield Strategies Fund 

DoubleLine Income Solutions Fund

Western Asset Global High Income Fund

Eaton Vance New York Municipal Bond Fund

First Trust Dynamic Europe Equity Income Fund

First Trust Intermediate Duration Preferred & Income Fund

New American High Income Fund

Ivy High Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Securities Fund

KKR Income Opportunities Fund

Nuveen Ohio Quality Municipal Income Fund

Pimco Global Stockplus & Income Fund

Pioneer High Income Trust

Cushing MLP & Infrastructure Total Return Fund

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

Quality Closed-End Fund Report, February 2022

Delaware Investments Colorado Municipal Income Fund Inc

Delaware Investments

Delaware Investments Minnesota Municipal Income Fund II Inc

We review CEF market valuation and performance over the second week of November and highlight recent market events. Discounts mostly rallied this week despite broadly lower NAVs due to rising Treasury yields and lower stocks.

CEF Weekly Market Review: CEF Market Pushes Through Inflation Scare

Virtus Stone Harbor Emerging Markets Income Fund 

John Hancock Tax-Advantaged Dividend Income Fund

Pimco California Municipal Income Fund II

Pimco California Municipal Income Fund

John Hancock Premium Dividend Fund

Pimco California Municipal Income Fund III

Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in CEFs.

Relative Value CEF Opportunities: More Alpha In A Less Beta Environment

With valuations tightening and a number of risks on the radar, it makes sense to take a margin-of-safety approach to income portfolios. In this margin-of-safety installment, we discuss allocating to fixed-income CEFs with a more stable historic income profile paired with a strong coverage level.

CEF Income Margin-Of-Safety Opportunities

Apollo Tactical Income Fund, Inc.

Blackrock Investment Quality Municipal Trust

Nuveen Credit Opportunities 2022 Target Term Fund

Nuveen High Income November 2021 Target Term Fund

MFS Municipal Income Trust

Tortoise Energy Independence Fund, Inc.

PIMCO Dynamic Income Opportunities Fund

Franklin Templeton Emerging Markets Income Fund

Tortoise Pipeline & Energy Fund

We review CEF market valuation and performance over the first week of June and highlight recent events. The CEF market pushed higher at the start of June with a favorable backdrop of stable Treasury yields and rising equity prices.

CEF Weekly Market Review: The Everything Rally

Fiduciary / Claymore Mlp Opportunity Fund

Highland Income Fund

NexPoint Strategic Opportunities Fund

Nuveen Municipal Credit Opportunities Fund

Tortoise MLP Fund

RENN Fund

Tortoise Energy Infrastructure

For the third month in a row, equity CEFs on average posted positive returns, rising 0.84% on a NAV basis for January. While for the tenth month running, fixed income CEFs witnessed returns in the black (+1.13%).

The Month In Closed-End Funds: January 2021

Apollo Senior Floating Rate Fund

Ares Dynamic Credit Allocation Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Eagle Point Credit

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Cr 6.75 % Notes 2017-30.09.27

Nuveen Global High Income Fund

Nuveen Mortgage Opportunity Term Fund

Nuveen Multi-Market Income Fund

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

The Quality Closed-End Fund Report, January 2021

We refresh our look at IHIT - a mostly investment-grade CMBS CEF - based on the recently issued shareholder report. The fund has pleasantly surprised with relatively steady income by keeping its borrowings unchanged and partially taking advantage of lower short-term rates.

News for Invesco High Income 2023 Target Term Fund ETF (IHIT)