A few times a year I search through the various Gabelli Closed End Funds SEC reports to check the leverage ratios so I can update the CEF preferred spreadsheet with leverage ratios.
As most of you know closed end funds must have an asset coverage ratio at or above 200% on their senior securities which includes preferred stock and debt.
It is amazing that after being the 1st person to write about CEF preferred stocks more than a decade ago on my previous website ‘The Yield Hunter’ that I didn’t know that Gabelli publishes their leverage ratios every month on their website.
I want to thank James Craig for noting the Gabelli leverage page in the comments earlier today.
That’s what I love about having lots of commenting on site–some one always has the knowledge–and after 10 or 15 years of writing on the CEF preferred I now know it also.