Western Asset Diversified Income Fund

Western Asset Diversified Income Fund continues to perform well and is nearing our 'Buy' discount target. WDI's distribution is fully covered by net investment income, but coverage may decrease with expected rate cuts in the future. WDI's portfolio is diversified with a focus on high-yield credit, collateralized loan obligations, commercial MBS, and bank loans.

WDI: Fully Covered ~12% Yield

Western Asset Mortgage Opportunity Fund

We review CEF market valuation and performance through the fourth week of April and highlight recent market action. CEFs were mostly up on the week, however remain in the red through the month. Investors should evaluate funds based on historic total NAV return and individual features, rather than price behavior.

CEF Weekly Review: Price Chart Is Not A Good Guide To CEF Allocation

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Western Asset Diversified Income Fund Announces Results of Annual Meeting of Shareholders

Virtus Artificial Intelligence & Technology Opportunities Fund

Ares Capital

Apollo Commercial Real Estate Finance

Barings BDC Inc

BlackRock Science and Technology Trust II

Blackstone Secured Lending Fund

Doubleline Opportunistic Credit Fund

Delek Logistics Partners

Eaton Vance Floating-Rate Income Trust

PGIM Global High Yield Fund

MidCap Financial Investment Corp

Virtus AllianzGI Convertible & Income Fund II

Neuberger Berman MLP Income Fund, Inc.

Pimco High Income Fund

PennantPark Investment

Chicago Atlantic Real Estate Finance

LMP Capital and Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Total Annual Passive Dividend Income  $10,898.00    ALERT: Today Could Be Your Best Shot At Early Retirement (Sponsored) If you want to retire before 65, pay attention.

Want $10,500 In Passive Income, Invest $5,000 Into Each of These Dividend Stocks

Western Asset Diversified Income Fund (NYSE: WDI) Announces Portfolio Management Team Update

Western Asset Diversified Income Fund has seen a decline in share price, but when factoring in dividends, the decline is only 6.5%. WDI is currently trading at a modest 7% discount to its Net Asset Value, presenting a compelling opportunity for investors. WDI offers a substantial 13.45% dividend yield, with its fund holding an average YTM of 13.05% with an average duration of 14+ years.

WDI: Modest Income Exposure

Western Asset High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

The Western Asset High Income Fund II is undergoing a rights offering, which has pushed the fund to a deep discount.

HIX: Better Valuation After Rights Offering, But Questionable Track Record

Western Asset Global High Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Income Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

Western Asset Municipal High Income Fund

Western Asset Managed Municipals Fund

Western Asset

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

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024

Western Asset Diversified Income Fund has posted strong Q3 2023 financial results, showing once again a fully supported distribution from net investment income. The fund carries a portfolio that consists of mostly below-investment-grade issuances, but it is diversified across hundreds of holdings and instruments. With the possibility of rate cuts in the future, distribution coverage may come under pressure, but most do not anticipate aggressive cuts (i.e., not returning to a zero rate environment).

WDI: Latest Financials Continue To Support Strong Distribution

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Western Asset Diversified Income Fund Announces Financial Position as of September 30, 2023

The Western Asset Diversified Income Fund offers a competitive 12.56% current yield, making it attractive for income-seeking investors. The WDI closed-end fund has delivered a reasonable performance compared to other investments and indices, with a 3.43% total return since February 8, 2023. The fund's holdings include a variety of debt securities, providing diversification and potential performance in a rising interest rate environment.

WDI: Great Fund, But Now Is Not The Time To Buy

BlackRock Innovation & Growth Trust

BlackRock 2037 Municipal Target Term Trust

Blackrock ESG Capital Allocation Trust

Guggenheim Active Allocation Fund

MainStay CBRE Global Infrastructure Megatrends Fund

Pioneer Municipal High Income Opportunities Fund

Neuberger Berman Next Generation Connectivity Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

PIMCO Access Income Fund

PIMCO Dynamic Income Opportunities Fund

Pimco Municipal Income Fund

RiverNorth Flexible Mncpl Inm Fnd II Inc

Thornburg Income Builder Opportunities Trust

In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.

The Dirty Dozen CEFs From 2021: A Summary

If you're looking for a sustainable high-yield fund, Western Asset Diversified Income Fund could be it. WDI offers a high distribution yield, growing monthly distribution, and strong distribution coverage, which could mean even more increases in the distribution. WDI is trading at a deep discount, making it an attractive investment option in the high-yield leveraged CEF space.

WDI: Attractive Discount, ~12% Distribution Yield, And Solid Coverage

Nuveen Mortgage Opportunity Term Fund

PCM Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

PIMCO Corporate & Income Opportunity Fund

We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very expensive auction-rate preferreds.

PIMCO CEF Update: ARPS Go On The Chopping Block

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

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

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

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

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 Emerging Markets Debt Fund

Highland Income Fund

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

Cohen & Steers Real Estate Opportunities and Income Fund

Tortoise Energy Infrastructure

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

News for Western Asset Diversified Income Fund ETF (WDI)