Western Asset Diversified Income Fund

Western Asset Diversified Income Fund has raised its distributions due to its substantial floating-rate asset base and stable borrowings. WDI has a duration north of 5.0, which is beneficial given the high level of longer-term yields and potential drop in yields. WDI trades at a 12.1% current yield and a 9.1% discount, making it an attractive option in the credit CEF space.

WDI: Floating-Rate Exposure And Duration - A Compelling Combination In This 12%-Yielding CEF

Carlyle Credit Income Fund

Western Asset Mortgage Opportunity Fund

We review CEF market valuation and performance through the first week of August and highlight recent market action. The CEF rally paused this week due to the Fitch downgrade and lower than expected jobs numbers. Investors and commentators often focus on the wrong risks of term CEFs.

CEF Weekly Review: The Real Risk For Term CEFs

Western Asset Investment Grade Income Fund

WDI and PAI are two funds that can deliver regular income to investors with a monthly distribution, though they pay out substantially different levels of yield. These are two quite different funds in terms of strategy and being leveraged vs. non-leveraged, but together could be considered quite complementary, weighing the positions depending on one's risk tolerance. Despite their different strategies, both funds are delivering income to investors on a monthly basis, and their distributions are covered by net investment income.

WDI And PAI: Attractively Discounted And Delivering Investors Income

PIMCO Dynamic Income Opportunities Fund

PDO and WDI both invest in below-investment-grade debt and are leveraged. That can make them riskier, so they might not be for everyone, but income investors often find them compelling for the higher distribution yields they can provide.

WDI And PDO: Pumping Out 11%+ Distribution Yields

NEW YORK--(BUSINESS WIRE)--Western Asset Diversified Income Fund (NYSE: WDI) today announced the financial position of the Fund as of March 31, 2023.     Current Q Previous Q Prior Yr Q   March 31, 2023 December 31, 2022 March 31, 2022 Total Assets (a)   $ 1,195,245,833   $ 1,148,798,631   $ 1,345,434,585   Total Net Assets (a)   $ 781,459,469   $ 763,458,190   $ 957,590,460   NAV Per Share of Common Stock (b)   $ 15.09   $ 14.74   $ 18.49   Market Price Per Share   $ 13.30   $ 12.70   $ 16.21.

Western Asset Diversified Income Fund Announces Financial Position as of March 31, 2023

WDI has raised its distribution two more times since our fall update. The fund's discount remains attractive.

WDI: Discount Remains Attractive, Distribution Remains Covered With More Bumps

John Hancock Investors Trust

John Hancock Income Securities Trust

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

We review CEF market valuation and performance through the second week of March and highlight recent market action. CEFs mostly struggled, outside of the higher-quality sectors as two bank failures spooked markets.

CEF Weekly Review: More Of The Same On The Distribution Front

Blackrock Inc

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Convertible Opportunities And Income Fund

Calamos Convertible And High Income Fund

Ellsworth Growth and Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Blackrock Floating Rate Income Strategies Fund Inc

Clough Global Opportunities Fund

Special Opportunities Fund Inc

abrdn Life Sciences Investors 

Invesco Senior Income Trust

Waste Management

We have now closed on the first month of the new year, but my strategy of buying every month hasn't changed. The new year has started off with a bang, with the broader indexes jumping higher.

Kicking Off The New Year With 7 Closed-End Fund Buys In The Month Of January 2023

WDI invests in a portfolio of fixed-income securities that are intended to provide investors with a high level of current income. The fund has significantly underperformed a few of the major fixed-income indices over the past year, which is disappointing.

WDI: This 10%-Yielding CEF Is Worth Considering To Add Diversity To Your Portfolio

Ares Dynamic Credit Allocation Fund

ArrowMark Financial

Brandywine Global Income Opportunities Fund Inc

Flaherty & Crumrine Dynamic Preferred & Income Fund

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Highland Income Fund

Western Asset High Income Opportunity Fund Inc

Pioneer Diversified High Income Trust

Nuveen Preferred & Income 2022 Term Fund

KKR Income Opportunities Fund

Principal Real Estate Income Fund

Pioneer High Income Trust

TCW Strategic Income Fund

Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, December 2022

Eagle Point Income Company Inc

First Trust Specialty Finance and Financial Opportunities Fund

Nuveen Real Estate Income Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund II

Cohen & Steers Real Estate Opportunities and Income Fund

Tortoise Energy Infrastructure

XAI Octagon Floating Rate & Alternative Income Term Trust

The markets have added to the gains they started in October. I add to my investments every month; however, this month, I did quite a bit of movement with several positions I sold too.

4 Closed-End Fund Buys In The Month Of November 2022

Blackstone Strategic Credit Fund

Barings Global Short Duration High Yield Fund

Blackstone Long-Short Credit Income Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

DoubleLine Income Solutions Fund

Franklin Templeton Emerging Markets Income Fund

'High-High-Low' Closed-End Fund Report, November 2022

Blackrock California Muni Income Trust

Blackstone/GSO Senior Floating Rate Term Fund

Eaton Vance California Municipal Income Trust

MFS Investment Grade Municipal Trust

BNY Mellon Strategic Municipal Bond Fund, Inc.

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Federated Premier Municipal Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Income Fund

New American High Income Fund

Nuveen Preferred & Income Opportunities Fund

Deutsche Strategic Municipal Income Trust

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Oxford Lane Capital

PIMCO Strategic Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

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

Quality Closed-End Fund Report, November 2022

NEW YORK--( BUSINESS WIRE )--Western Asset Diversified Income Fund (NYSE: WDI) today announced the financial position of the Fund as of September 30, 2022.

Western Asset Diversified Income Fund Announces Financial Position as of September 30, 2022

WDI has raised its distribution again after doing so earlier this year. The value of their portfolio is declining due to higher interest rates, but that hasn't impacted the income generation of the fund.

WDI: Another Bump In The Distribution, 11.84% Distribution Yield, Fully Covered

Invesco High Income 2023 Target Term 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?

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Total Return Fund Inc

ClearBridge Energy MLP Opportunity Fund Inc

Western Asset High Yield Defined Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

Western Asset Municipal High Income Fund

Western Asset Municipal Partners Fund Inc

Western Asset

LMP Capital and Income Fund

The Board of each Fund announced today the appointment of Eileen Kamerick as Lead Independent Director, effective November 8, 2022. Ms. Kamerick replaces William Hutchinson, the former Lead Independent Director of the Funds, who recently passed away. The Boards also announced that Nisha Kumar will succeed Ms. Kamerick as Chair of each Fund's Audit Committee.

Certain Closed End Funds Advised by Legg Mason Partners Fund Advisor, LLC Announce Appointment of New Lead Independent Director

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

Angel Oak Financial Strategies Income Term Trust

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

We review CEF market valuation and performance through the third week of September and highlight recent market action. CEFs had a tough week due to an upside surprise in inflation which pushed nearly all assets lower.

CEF Weekly Review: Why Rising Leverage Costs Are Not To Blame For Low Returns

Blackrock Long-Term Municipal Advantage Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

BlackRock MuniVest Fund Inc

Nuveen Intermediate Duration Municipal Term Fund

Nuveen Intermediate Duration Quality Municipal Term Fund

Invesco Municipal Income Opportunities Trust

Pimco Municipal Income Fund

Pimco Municipal Income Fund III

Western Asset Premier Bond Fund

Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationary bust one. That means adding duration and quality.

CEF Report August 2022 - CEFs Continue In Rally Mode, But For How Long?

We take a look at two 10%-yielding Western Asset credit CEFs: DMO and WDI. The main differentiator is the allocation profile, with DMO primarily holding mortgage securities while WDI is more of a multi-sector credit fund.

DMO And WDI: A Look At Two 10%-Yielding Credit CEFs

Western Asset Managed Municipals Fund

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of September, October, and November 2022

Similar to PDO, WDI has recently bumped up its distribution by a small amount. This is at a time when there have been some massive declines in the underlying portfolios.

WDI: Declines Don't Faze Them, Small Bump In The Distribution

Blackstone Secured Lending Fund

Nuveen Preferred & Income Term Fund

Trinity Capital

The income space has enjoyed a well-deserved bounce after a terrible June. We take a look at a number of BDCs and CEFs that have lagged the recent rally and may hold an additional margin of safety in case of another swoon.

These Income Securities Have Lagged The Recent Income Rally

Credit Suisse Asset Management Income Fund

Allspring Income Opportunities Fund

iShares iBonds 2026 Term High Yield and Income ETF

SPDR Bloomberg Short Term High Yield Bond ETF

High-yield corporate bond yields have nearly doubled this year on the back of the rise in Treasury yields and a back-up in credit spreads. At current yields, we find corporate bonds attractive in an environment of low default rates, strong macro indicators and decent corporate fundamentals.

Why We Are Buying 7-10% Yielding Corporate Credit

BlackRock Innovation & Growth Trust

I want to show you how to build a “three-click” income portfolio that gives us three things every income investor craves.

A 3-Click “Mini-Portfolio” Yielding 10.6%, Trading At A Massive Discount

News for Western Asset Diversified Income Fund ETF (WDI)