BMEZ: A 14.2% Yielding CEF With An 11.85% Discount And Activist Pressure
Portfolio Pulse from
BMEZ, a closed-end fund, offers a 14.2% yield and trades at an 11.85% discount to NAV. Despite high fees and management concerns, activist pressure from Saba Capital may lead to changes such as distribution increases or fee reductions.
November 28, 2024 | 2:45 pm
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BMEZ, a closed-end fund, is under activist pressure which may lead to positive changes like distribution increases or fee reductions. It currently offers a 14.2% yield and trades at an 11.85% discount to NAV.
BMEZ is directly impacted by the news as it is the subject of activist pressure, which could lead to favorable changes for investors such as increased distributions or reduced fees. This potential for positive change is likely to have a short-term positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100