BRW: Attractively Discounted, High Managed Distribution Yield – NonSell.com

BRW: Attractively Discounted, High Managed Distribution Yield


Sumary of BRW: Attractively Discounted, High Managed Distribution Yield:

  • As a quick reminder, BRW was the old Voya Prime Rate Trust that Saba took over last year.
  • The fund carries significant exposure to SPACs, which has helped the fund through 2022. In fact, with higher interest rates, SPACs that liquidate can provide somewhat of a return at this point.
  • The fund can merit from the activist trades that the Saba Capital Management team undertakes.
  • This article was originally published to members of the CEFETF Income Laboratory on November 24th, 2022. Saba Capital Income and Opportunities Fund (NYSE:BRW) is now more than a year into its transition.
  • This was effective as of June 22nd, 2021, when Saba Capital Management took over as the advisor.

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