Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund operates as a diversified, closed-end management investment company. The fund intends to maximize total return through a combination of current income and capital appreciation. It pursues a relative value-based investment philosophy, which utilizes quantitative and qualitative analysis to seek to identify securities or spreads between securities that deviate from their perceived fair value and/or historical norms. The company was founded on November 13, 2006 and is headquartered in Chicago, IL.

Reinvesting shares at a discount in high yield funds can accelerate future income growth and preserve invested capital.

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NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces April 2024 Closed-End Fund Distributions

Ares Capital

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Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Fidus Investment

John Hancock Tax-Advantaged Dividend Income Fund

JPMorgan Equity Premium Income ETF

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Barings Corporate Investors

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Global X NASDAQ 100 Covered Call ETF

Cohen & Steers Quality Income Realty Fund

Royce Value Trust

Global X Russell 2000 Covered Call ETF

Special Opportunities Fund Inc

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Cohen & Steers Infrastructure Fund Inc

Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, seeking to create a portfolio whose securities provide a steady cash flow over time and grow the nominal capital invested.

My 9% Income Portfolio - Harmony In Investment

The Guggenheim Strategic Opportunities Fund has been praised for its double-digit dividends, but I am now limiting my stake in GOF and phasing it out of my CEF portfolio. GOF is a mixed bag of assets with a growing allocation to stocks, and it has performed well against its benchmark. Recent performance has been spurred on by a rise in premium, and the trade I recommended in November has come to a close.

GOF: Rethinking Opportunistic Credit, Despite Heavy Payouts (Downgrade)

The Guggenheim Strategic Opportunities Fund has been performing well at market price so far this year, up 17%, but its NAV performance has been extremely underwhelming comparatively. As a result, GOF is now at the top of my list of CEFs that have seen their market price far outperform their NAV, which is a red flag near term. With GOF back to a 20%-plus premium and an NAV only up 1.5% year-to-date, GOF is extremely overpriced and will have a hard time covering its 18.0% NAV yield.

Downgrading Guggenheim Strategic Opportunities Fund From A Buy To A Sell At $14.70

NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces March 2024 Closed-End Fund Distributions

Adams Diversified Equity Fund

Oxford Lane Capital

For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.

My 9% Income Portfolio-In Search For Happiness

NEW YORK, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces February 2024 Closed-End Fund Distributions

The Guggenheim Strategic Opportunities Fund trades at a 10% premium over its net asset value and has a current distribution rate of 16.17%. The fund typically trades at a premium, but its premium has decreased recently, coinciding with a sizeable drawdown in fixed income. The fund's portfolio consists mostly of corporate exposures and has a healthy allocation to bank loans, but it is fading government exposure.

GOF: Why I'm Still Passing On The 16.17% Yield

Ares Dynamic Credit Allocation Fund

AllianceBernstein Global High Income Fund Inc

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

Central Securities

Calamos Convertible Opportunities And Income Fund

DNP Select Income Fund Inc

Energy Transfer LP Unit

Flaherty & Crumrine Preferred Securities Income Fund Inc

Tekla Healthcare Investors

New American High Income Fund

India Fund Inc

Kayne Anderson MLP Investment

Main Street Capital

Annaly Capital

Nuveen Municipal High Income Opportunity Fund

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

The 8% Income Portfolio: 2023 Year-End Review

Guggenheim Strategic Opportunities Fund and Gabelli Utility Trust have struggled since our prior coverage. The GOF closed-end fund's valuation has improved but still lacks distribution coverage, making it susceptible to future losses but not enough to warrant a "Sell." A distribution cut for GOF is still an overhanging risk, but after the valuation deflation, the risk should be more muted.

GOF: Valuation Comes Down (Rating Upgrade)

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

NEW YORK, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces January 2024 Closed-End Fund Distributions

Guggenheim Strategic Opportunities Fund focuses on generating high yields through fixed-income securities, with limited exposure to equities. GOF has a current dividend yield of over 16% and pays on a monthly basis. There are some concerns over the sustainability of the dividend.

GOF: Opportunity To Generate High Monthly Income

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First Trust Intermediate Duration Preferred & Income Fund

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Highland Income Fund

CBRE Global Real Estate Income Fund

A safe double-digit yield makes it a lot easier to retire. Today we'll discuss a portfolio that pays 14.1% (that's no typo).

7 Massive Monthly Dividends Yielding Up To 18%

Guggenheim Strategic Opportunities Fund focuses on providing high yield through exposure to private fixed-income securities. The Fund heavily favors fixed-income products over equities to match its objective of delivering high-yielding income. Currently, it provides a very attractive yield of 16%, which in the context of relatively acceptable performance since early 2022 when the Fed started to hike makes a sound investment case.

GOF: An Unsustainable 16% Yielder

NEW YORK, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces December 2023 Closed-End Fund Distributions

Declining net asset value and a volatile interest rate environment pressure this fund's distribution. This industrial conglomerate's legal issues are putting extra pressure on its dividend.

Don't Fall for These 2 Dividend Stocks: Cuts May Be Coming

Guggenheim Strategic Opportunities Fund has seen its premium to net asset value (NAV) collapse to zero, resulting in paper losses for recent investors. GOF historically delivers solid returns but it has a high distribution rate that is unsustainable, leading to a depletion of its NAV. The fund's immediate downside risk has been reduced with its premium to NAV reset, but if the distribution policy is not addressed, the premium could widen again in the future.

GOF: Premium To NAV Reset, But Fundamental Issue Remains

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces November 2023 Closed-End Fund Distributions

Guggenheim Strategic Opportunities Fund aims for an 18% current distribution rate by hedging against credit risk and utilizing leverage. GOF's portfolio is predominantly fixed income with a minimal equity allocation. The fund has historically traded at a 26% average premium, but is now at 4%, offering a potentially short window of opportunity.

GOF: The Premium Has Come Down On Opportunistic Credit

The current yield on the stock is almost 20%, and the distribution represents a considerable portion of its net asset value. Management has funded distributions by returning capital in recent years and increased the fund's leverage, too.

Here's Why the Guggenheim Strategic Opportunities Fund Slumped This Week

AllianceBernstein National Municipal Income Fund

BlackRock Health Sciences Trust II

MFS High Yield Municipal Trust

Herzfeld Caribbean Basin Fund Inc

MFS Investment Grade Municipal Trust

Destra Multi-Alternative Fund

BlackRock Enhanced Government Fund

Eaton Vance

Aberdeen Global Income Fund

First Trust Energy Infrastructure Fund

Sprott Focus Trust

GDL Fund

Gabelli Dividend & Income Trust

Gabelli Multimedia Trust

Gabelli Utility Trust

John Hancock Hedged Equity & Income Fund

Highland Global Credit Allocation Fund.

Closed-End Funds: Revisiting Valuations As We End Q3 2023

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces October 2023 Closed-End Fund Distributions

Closed-end funds with high distribution rates and elevated premiums may be setting investors up for significant losses. Guggenheim Strategic Opportunities Fund (GOF) and Gabelli Utility Trust (GUT) are sell candidates due to weak distribution coverage and massive near all-time high premiums. We offer some alternatives that are much better valued and offer similar or even higher distribution yields than these time bombs.

News for Guggenheim Strategic Opportunities Fund ETF (GOF)