AFT Stock Recent News

The AFT fund primarily invests in senior secured loans. The fund pays an attractive 10.2% distribution that is fully funded by NII.

AFT is at an attractive and compelling deep discount. However, it lags peers, so the larger discount could be warranted if, in the future, the weaker performance persists.

AFT's monthly distribution has been trending higher, with another 20% boost recently. This is a fund focused on floating rate senior loans benefiting from the Fed's aggressive hiking.

We review CEF market valuation and performance through the third week of September and highlight recent market action. CEFs had a tough week due to an upside surprise in inflation which pushed nearly all assets lower.