Funtap Real estate investment trusts, or REITs, continued to lower their net asset value discount in June as investor sentiment improved on the back of increased hopes for a near-term rate cut. Traders see a 66.5% probability of a September 25-basis-point rate cut now, compared to 47.0% at the beginningContinue Reading
stanciuc Kayne Anderson Energy Infrastructure Fund’s (NYSE:KYN) unaudited net asset value was $2 billion, or $11.79 per share, as of June 30. Its asset coverage ratio with respect to senior securities representing indebtedness was 621%, and its coverage ratio for debt and preferred stock was 453%. More on Kayne Anderson Energy Infrastructure FundContinue Reading
stanciuc Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) unaudited total assets were ~$226.6 million and its unaudited net asset value was $196.9 million, or $14.59 per share, as of June 28. Its asset coverage ratio with respect to senior securities representing indebtedness was 786%. More on Ecofin Sustainable and Social Impact Term Fund:Continue Reading
