2014 Closed-End Fund Market Review

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On 2.3.2014, RiverNorth Portfolio Specialist Allen Webb and CIO Patrick Galley discussed the 2014 CEF market and the outlook for 2015.

Topics discussed include:

  • Changes to the composition or size of the 2014 closed-end fund market
  • CEF IPOs
  • Current, Average and Historical CEF Discounts and Premiums
  • CEF Frequency Distribution of Discounts
  • CEF Discount Volatility
  • Trailing 12-Month CEF Asset Class Returns
  • 2015 Outlook
  • CEF Discounts and Interest Rates

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Video recorded 2/3/2015. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. This information is provided for informational purposes only and should not be considered tax, legal, or investment advice. References to specific securities, asset classes, and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations. Opinions referenced are as of the day recorded and are subject to change due to changes in the market, economic conditions, or changes in the legal and/or regulatory environment and may not necessarily come to pass.

Past performance is not a guarantee of future results. Diversification does not ensure a profit or guarantee against loss. Data from the charts shown is as of 12/31/14.

Investing involves risk. Principal loss is possible.

An investor should consider the investment objectives, risks, charges and expenses of the Funds (or of the Investment Company) carefully before investing. To obtain a prospectus containing this or other information, please call (888) 848-7569 or download the file from www.rivernorth.com. Read the prospectus carefully before you invest.

The Funds are distributed by ALPS Distributors, Inc. Member FINRA.

ALPS Distributors, Inc. is not affiliated with RiverNorth Capital Management, LLC, DoubleLine Capital LP or Oaktree Capital Management, L.P.

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE

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