Closed End Fund News

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) (the “Fund”) today announced preliminary results of its previously announced tender offer (“Tender Offer”) to acquire up to 10% of the Fund’s outstanding shares, which expired on December 3, 2025 at 5 p.m. (Eastern). Approximately 15,013,106 shares were tendered, including shares tendered pursuant to notices of guaranteed delivery, based on preliminary information. With the Tender Offer oversubscribed, the relative numb...

ATLANTA--(BUSINESS WIRE)--Sardis Group, LLC (“Sardis Group”), an investment management firm specializing in securitized credit, today announced the launch of the Sardis Credit Opportunities Fund (Ticker: SGSIX)(the “Fund”), a continuously offered, closed-end interval fund seeking total return through current income and capital appreciation. SGSIX is Sardis Group’s inaugural registered fund. SGSIX will invest in credit, focusing on a portfolio encompassing the asset-backed, residential and comme...

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET) announced today that the price at which Common Stock will be issued in payment of the $2.45 per share distribution payable on December 19, 2025 is $49.91 per share. This price is the arithmetic average of the daily volume weighted average price (“VWAP”) of the Corporation’s Common Stock for each of the last three trading days ending on and including December 3, 2025, rounded to two decimal places. The distribution wa...

NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,4...

TORONTO--(BUSINESS WIRE)--CI Global Asset Management announces the estimated annual reinvested capital gains distributions for the CI ETFs for the 2025 tax year....

NEW YORK--(BUSINESS WIRE)--BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0420 per share of common stock, payable on January 2, 2026 to shareholders of record at the close of business on December 16, 2025. The ex-dividend date is December 16, 2025. The previous distribution announced on October 23, 2025 was $0.0420 per share of common stock. The Fund intends to make regular monthly distributions to its common shareholders at a level rate bas...

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 12/1/2025 Ex-Date – 12/12/2025 Record – 12/12/2025 Payable – 12/24/2025   Municipal Bond Funds:                     Fund   Ticker   Distribution   Change From Prior Distribution   Closing Market Price – 11/28/25   Distribution Rate at Market Price Eaton Vance California Municipal Income Trust   CEV   $0.0500   -   $10.49   5.72% Eaton Vance Municipal I...

ATLANTA--(BUSINESS WIRE)--Angel Oak Financial Strategies Income Term Trust Declares December 2025 Distribution...

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on December 31, 2025 to Series A cumulative preferred shareholders of record on December 11, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative...

BOSTON--(BUSINESS WIRE)--MFS Announces Closed-End Fund Distributions for December 2025...