Shares of the Parent are NOT publicly traded–the parent ticker shown is for sorting purposes only.
Most dividends are non qualified with some level of ‘return of capital’
Sector: CEF
Gabelli Dividend and Income Trust 5.375% Series H Cumulative Preferred Stock
Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment
Priority Income Fund 6.625% Series C Term Preferred Stock Due 2024
Shares of the Parent are NOT publicly traded–the parent ticker shown is for sorting purposes only.
It appears that dividends are partially qualified for 2018
Special Opportunities Fund 3.50% Convertible Preferred Stock
Priority Income Fund 6.25% Series B Term Preferred Stock Due 2023
Shares of the Parent are NOT publicly traded–the parent ticker shown is for sorting purposes only.
It appears that dividends are partially qualified for 2018
Virtus (AllianzGI) Convertible and Income Fund II, 5.50% Series A Cumulative Preferred Shares
Management change to Virtus with Allianz as a subadvisor
RATED A by Fitch–downgraded on 5/21/2021. Rating affirmed 5/18/2022
Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment.
Virtus (AllianzGI) Convertible and Income Fund 5.625% Series A Cumulative Preferred Shares
Mananagement change to Virtus with Allianz as a subadvisor
Rated A by Fitch. Downgraded on 5/21/2021.
Rating affirmed 5/18/2022.
Rating affirmed 5/18/2022.
Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment
Gabelli Go Anywhere Fund Series A 8% (now 5%) Cumulative, Puttable and Callable Preferred Shares
The preferred stock was originally issued in July, 2016 as part of a combination share which was sold for $100/share. This represented 3 common shares and 1 cumulative, puttable preferred share. This combination share traded on the exchange until November, 2016 when the common and preferred shares were split and commenced independent trading.
The preferred shares traded around $54 to start, but only carry a liquidation preference of $40/share. The giant kicker was the preferred carried a 8% coupon during the 1st year. By the middle of 2017 the preferred shares had fallen to the $44-45 area as the ‘teaser’ rate was set to come to an end.
For years 2 and 3 the preferred shares pay a coupon of 5% (based on $40/share liquidation preference) meaning a 50 cent/quarter distribution. After this time the distribution will be at a rate of 200 basis points over the 10 year treasury, but NOT LESS than 5% nor more than 7%.
Holders of the preferred stock will have the option of ‘putting’ the shares to the fund at $40/share in 2019 and 2021. After the second ‘puttable’ period the shares will become perpetual preferreds with normal terms of redemption applying.
Current coupon is 5% as of 7/2019
Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment
Priority Income Fund, Inc 6.375% Series A Term Preferred Stock Due 2025
Shares of the Parent are NOT publicly traded–the parent ticker shown is for sorting purposes only.
Generally dividends are ordinary income with some return of capital.
Gabelli Equity Trust 5.875% Series D Cumulative Preferred Stock
March 26, 2009 480,000 shares were redeemed by the issuer.