Brandywineglobal Global Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--category: fund announcement.

New york--(business wire)--brandywineglobal - global income opportunities fund inc. [nyse: bwg]

New york--(business wire)--legg mason partners fund advisor, llc announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy for the months of march, april and may 2023.

New york--( business wire )--legg mason partners fund advisor, llc announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy for the months of december 2022, january and february 2023.

The board of each fund announced today the appointment of eileen kamerick as lead independent director, effective november 8, 2022. ms. kamerick replaces william hutchinson, the former lead independent director of the funds, who recently passed away. the boards also announced that nisha kumar will succeed ms. kamerick as chair of each fund's audit committee.

We last covered FCO around 9 months ago; at that time, it appeared BWG was the better bet in this space. That has played out to some degree, with BWG showing better total share price returns during that period. However, this largely came from BWG's discount narrowing as FCO's premium has actually stayed fairly elevated.

For the second consecutive month, both equity (+3.42% on a NAV basis) and fixed income (+3.14%) CEFs on average posted plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 9% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+6.45%), for the second straight month, outpaced the other classifications in the equity CEF universe for December.

The abrdn Global Income Fund is showing signs of an unsustainable high distribution rate and a high premium, which could lead to poor results. The BrandywineGLOBAL - Global Income Opportunities Fund offers a more sustainable alternative for global fixed-income investments, despite an elevated distribution, due to its deep discount. The biggest risk to this swap is FCO remaining at its current high valuation or pushing even higher into premium territory, producing an opportunity cost if BWG stays at a deep discount and FCO rises.

In June, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with average returns of 3.57% for equity CEFs and 1.63% for fixed income CEFs. The Natural Resources CEFs classification topped the equity leaderboard with a 6.29% return, while High Yield CEFs led the domestic taxable fixed income leaderboard with a 2.63% return. The median discount of all CEFs narrowed to 10.79% in June, with equity.

BrandywineGLOBAL - Global Income Opportunities Fund Inc is a global fixed income CEF. The fund has a managed distribution policy and a 12.7% dividend yield.

Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

After emerging from a reorganization last year, Garrett Motion looks to a new chapter in its history.

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.