Re: 40 Act CEF Vehicles for Week Ending 7.26.19
Yesterday was LRN day for the Cornerstones. The prem on CLM rose this week so despite the subpar nav performance, the expansion of the prem pushed CLM's result to lift it above even the S & P 500 itself. The prem rose from 6.2% to 6.7% & that was enough to move its standing in the rankings. Yet the dripped clm had no change in total return despite the lift in clm since the div cash that had lifted clm dr got deployed & that effect was a wash.