Gabelli Funds Leverage Ratios

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.

Anyway the page is here–and it is updated each month.

3 thoughts on “Gabelli Funds Leverage Ratios”

  1. The market has officially become totally detached from reality. Companies miss estimates? stocks go up. Forward guidance for the rest of the year cut a bunch? Up we go. Recession is now expected to last longer than was being discussed 2 weeks ago, stocks go up. Unemployment rate at depression era levels with greater uncertainty about regaining lost jobs, stocks go up.
    Stock prices now have no relationship to current or future earning power. Everything going up becuase the fed has declared it won’t let asset prices go down at any cost. Would anyone be surprised if the fed started buying stocks directly? I wouldn’t and it looks like wall street feels the same.

    Another 7 days like today and the S&P would be at record highs again. No worries, the fed will buy your shares if the market drops.

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