ACP: This High Yield Credit CEF Is Starting To Look Interesting After The Recent Distribution Cut
Portfolio Pulse from
The Federal Reserve has reduced the target rate on Fed Funds, making high yield closed-end funds like ACP more attractive due to widened high yield spreads. ACP offers a high distribution rate and a discount to NAV, appealing to investors seeking income and capital appreciation.
December 24, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ACP, a high yield closed-end fund, becomes more appealing after the Fed's rate cut and widened high yield spreads. It offers a 15.65% distribution rate and a -7.76% discount to NAV, attracting income-focused investors.
The Fed's rate cut and widened high yield spreads increase the attractiveness of high yield CEFs like ACP. The fund's high distribution rate and discount to NAV make it appealing for investors seeking income and capital appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100