Highland Global Credit Allocation Fund.

DALLAS , Oct. 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share

Highland Global Allocation Fund offers a monthly dividend with an annual yield of 12.5% at a current market price of $7.80. Managed by James Dondero, HGLB seeks above-average risk-adjusted total returns by investing in U.S. and foreign equities, fixed-income securities, and alternative investments. HGLB trades at a substantial discount to NAV, has a concentrated portfolio, and relies heavily on a single private company, posing potential risks for investors.

HGLB: Tempting 12.5% Yield, Trading At A Substantial Discount To NAV

AllianceBernstein National Municipal Income Fund

BlackRock Health Sciences Trust II

Cornerstone Strategic Value Fund Inc

MFS High Yield Municipal Trust

Cornerstone Total Return Fund Inc

Herzfeld Caribbean Basin Fund Inc

MFS Investment Grade Municipal Trust

Destra Multi-Alternative Fund

DNP Select Income Fund Inc

BlackRock Enhanced Government Fund

Eaton Vance

Aberdeen Global Income Fund

First Trust Energy Infrastructure Fund

FS Credit Opportunities Corp

Sprott Focus Trust

GDL Fund

Gabelli Dividend & Income Trust

Gabelli Multimedia Trust

Guggenheim Strategic Opportunities Fund

Gabelli Utility Trust

John Hancock Hedged Equity & Income Fund

Highland Income Fund

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

DALLAS , Oct. 2, 2023 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.084 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2022 calendar year.

Highland Global Allocation Fund Declares Monthly Distributions of $0.084 Per Share

Bancroft Fund Ltd

Center Coast Brookfield MLP & Energy Infrastructure Fund

ClearBridge Energy MLP Total Return Fund Inc

Western Asset Mortgage Opportunity Fund

Blackrock ESG Capital Allocation Trust

Eagle Point Credit

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

Eaton Vance Enhanced Equity Income Fund II

First Trust Dynamic Europe Equity Income Fund

Voya Global Advantage and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund

CBRE Global Real Estate Income Fund

Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022.

Closed-End Fund: April 2023 Check On Valuation

Highland Global Allocation Fund has generated double-digit yield during the past years and has been able to generate a total return much higher than the broader market. The largest bet of HGLB is in a private enterprise, which I believe is quite hard to value. So, a deep discount of 21 percent is nothing to be excited.

HGLB: High-Yielding Global Balanced CEF Beating The Broader Market

Highland Global Allocation Fund is a multi-asset global allocation CEF. The fund takes very concentrated positions with the top five names representing more than 45% of the CEF.

HGLB: Global CEF With A 9.4% Yield But High Single Name Concentration

Goldman Sachs MLP and Energy Renaissance Fund

Neuberger Berman MLP Income Fund, Inc.

Four Discounted Funds Paying Up To 9.8% Dividends

Liberty All-Star Growth Fund

BlackRock 2022 Global Income Opportunity Trust

BlackRock Virginia Municipal Bond Trust

MFS Intermediate High Income Fund

Calamos Long/Short Equity & Dynamic Income Trust

MFS High Income Municipal Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

BNY Mellon Strategic Municipal Bond Fund, Inc.

Allspring Income Opportunities Fund

Wells Fargo Multi-Sector Income Fund

Wells Fargo Utilities and High Income Fund

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Fiduciary / Claymore Mlp Opportunity Fund

Templeton Global Income Fund

Clough Global Opportunities Fund

Eagle Capital Growth Fund Inc

abrdn Healthcare Investors 

Nuveen Tax-Advantaged Dividend Growth Fund

Deutsche Municipal Income Trust

BNY Mellon Strategic Municipals, Inc.  

BlackRock MuniYield California Quality Fund Inc

21 out of 24 CEF sectors positive on price and 22 out of 24 sectors positive on NAV last week. US equity leads while emerging market income lags.

Weekly Closed-End Fund Roundup: November 7, 2021

DALLAS, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Highland Global Allocation Fund (NYSE: HGLB) (“the “Fund”) today announced the declaration of monthly distributions of $0.071 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value (“NAV”) per share, as reported for the final five trading days of the 2020 calendar year. The Fund is declaring distributions of $0.071 per month for October through December 2021.

Highland Global Allocation Fund Declares Monthly Distributions of $0.071 Per Share

The Highland Global Allocation Fund formed in 1998 as an Open-End Fund, but shareholders approved conversion to a Closed-End Fund in early 2019. This affected some of the data available.

HGLB Is An Interesting Global Allocation CEF, But Not My Cup Of Tea

AGNC Investment

ARMOUR Residential REIT

Bluerock Residential Growth REIT

Capitala Finance

Cross Timbers Royalty

Dynex Capital

Ellington Financial

First Trust Senior Floating Rate Income Fund II

Credit Suisse X-Links Gold Shares Covered Call ETN

Gladstone Commercial

Horizon Technology Finance

Horizon Technology Finance Corp Notes 2017-15.09.22

Orchid Island Capital

Oxford Lane Capital

Oxford Square Capital

Pembina Pipeline

PennantPark Floating Rate Capital

Prospect Capital

Global X NASDAQ 100 Covered Call ETF

Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN

Global X Russell 2000 Covered Call ETF

Stellus Capital Investment

Credit Suisse X-Links Silver Shares Covered Call ETN

Sunrise Realty Trust Inc

Imagine a stock or fund that paid out its dividends once a month! Instead of quarterly, semi-annually or (ugh) annually, your anticipatory angst waiting for money is reduced by 300%.

86 Monthly Pay Dividend Stocks And 80 Funds Grow In July

News for Highland Global Credit Allocation Fund. ETF (HGLB)