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Municipal CEFs like Nuveen California Select Tax-Free Income Portfolio offer tax-free returns, low leverage, and are currently trading at a discount. NXC invests in high-quality municipal securities, with an average coupon of 3.68% and a distribution rate on NAV of 3.97%. The fund's market price is $13.17, NAV is $13.69, and it's trading at a 3.80% discount, presenting a potential profit opportunity.

Prospect Capital's portfolio continues to show weakness in a high interest rate environment, leading to a 23% price drop over the last year and a slight dividend reduction. Despite a high dividend yield of 13%, PSEC's total return is negative, and it trades at a significant discount to NAV due to underlying weaknesses. PSEC's earnings have declined, with net investment income at its lowest levels since 2021 and NAV decreasing by 12.1% over the past year.

Monroe Capital has shown improvements in earnings and investment income, but NAV and portfolio value continue to decline, raising concerns about overall credit quality. Despite a solid dividend coverage of 124% and reduced debt, the BDC faces potential downside due to lower interest rates impacting financials. The stock trades at an 8.3% discount to NAV, with no significant upside expected and a potential drop to $7.25 in the coming months.

Investor AB is a holding company in Sweden that trades close to NAV when using reported figures for their private assets. We are skeptical about some of the assumptions due to the incremental worsening of conditions from 2021 not being met with significant discounts in private company multiples in the NAV. Even when using management figures, there is no NAV discount, while there are several deep NAV-discount plays in solid industries and developed markets.

LONDON , Jan. 31, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for December 2024. Net Asset Value: $3,173m Fully Diluted NAV per Share: $35.43 Share Price (TFG NA): $14.00 Monthly NAV per Share Total Return: 2.5% Monthly Return on Equity: 2.6% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 3.1% Please refer to important disclosures on page three of the Monthly Factsheet.

YieldMax AI Option Income Strategy ETF uses a synthetic covered call strategy to generate income but has experienced negative total returns since its inception in November 2023. The fund's performance is closely tied to C3.ai's stock, with AIYY's NAV declining due to AI's volatility. Despite distributing monthly income, AIYY's NAV has significantly decreased, and the current 100% yield is likely unsustainable due to a shrinking asset pool.

ASC's current valuation is superior to its industry peer group, trading at 75% of NAV. I project modest earnings improvement from the Q4 forecast provided during the Q3 conference call as a result of improved day rates during the month of December. The company continues to drive its cash breakeven lower, but management needs to provide an investible longer-term picture for shareholders.

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Logan Ridge Finance Corp.'s disappointing performance, with declines in top and bottom lines and net asset value, justifies its 26% discount to NAV. Despite improved first-lien loan exposure and well-staggered debt maturities, LRFC's financial performance and declining interest rates pose significant headwinds. Dividend coverage of 119% is solid, but due to overall disappointing results, I continue to rate Logan Ridge Finance Corporation a hold.

Fineqia International Inc (CSE:FNQ, OTC:FNQQF) announced a 38.4% year-end rise in the Net Asset Value (NAV) of its Digital Asset Blockchain Infrastructure (DABI) Actively Managed Certificate (AMC), driven by portfolio adjustments and market trends. Fineqia, a digital asset and investment company, attributed the NAV growth to a repositioning of the portfolio to include assets such as Solana (SOL) and NEAR Protocol (NEAR), along with broader adjustments aligned with blockchain infrastructure trends.