Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund operates as a diversified, closed-end management investment company. The fund intends to maximize total return through a combination of current income and capital appreciation. It pursues a relative value-based investment philosophy, which utilizes quantitative and qualitative analysis to seek to identify securities or spreads between securities that deviate from their perceived fair value and/or historical norms. The company was founded on November 13, 2006 and is headquartered in Chicago, IL.

GOF has a yield of 13.58%. This is attractive if the distribution can be supported. I continue my series digging into CEFs beyond the yield with a look at GOF which invests in various forms of debt.

Evaluating Closed-End Funds: GOF Still Not Covering The Distribution

GOF yields 12.37%. It pays monthly, and goes ex-dividend this week.

GOF: 12% Dividend Yield, Outperforming Monthly Payer

GOF yields 11.74%, pays monthly, and should go ex-dividend next in mid-April.

GOF: 12% Dividend Yield, Monthly Payer Outperforming

I first wrote about the Guggenheim Strategic Opportunities Fund back in July 2021.

GOF Revisited: More Reasonably Priced Now But We Remain Cautious

Calamos Long/Short Equity & Dynamic Income Trust

Eaton Vance Enhanced Equity Income Fund II

The war in Ukraine and its impact on oil prices leaves few safe options for investors seeking high yield while preserving capital.

3 High-Yield Investments To Weather The Double-Whammy Storm Of War And Inflation

Icahn Enterprises

It looks like rough times are ahead on Wall Street, but these two income plays should keep performing well for investors.

2 Ultra-High-Yield Dividend Plays That Should Crush the Broader Market in 2022

GOF yields 11.91%. It pays monthly and should go ex-dividend next in mid-January.

GOF: 12% Dividend Yield, Monthly Payer

Calamos Dynamic Convertible & Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Cohen & Steers Quality Income Realty Fund

Special Opportunities Fund Inc

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

NAV performance, discount on NAV, and leverage constitute the three main parameters of my rule of thumb to select funds for a long-term CEF portfolio.

CEF Focus Investing: 'Everything You Always Wanted To Know About Total Return'

This is a fund that I've written about previously, more so in a bearish manner as the valuation and under-earned distribution always concerned me.

GOF: An 11.6% Yielder Trading At A 'Cheap' 12.5% Premium Is A Decent Deal

KKR Income Opportunities Fund

Nuveen Core Plus Impact Fund

PIMCO Income Strategy Fund II

Western Asset Diversified Income Fund

Relative opportunities abound but you need to be cognizant of the risks. Even opportunities that from a relative standpoint look great, can be dangerous.

November 2021 CEF Report: Cracks Are Already Sealing

GGM Macro Alignment ETF

Guggenheim Enhanced Equity Income Fund

GPM and GGM's merger into GOF is complete. Decline of GOF's premium prevented the merger arbitrage from being more profitable.

GOF: Acquisition Of GPM And GGM Completed

Liberty All-Star Growth Fund

BlackRock 2022 Global Income Opportunity Trust

Blackrock Long-Term Municipal Advantage Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Central Securities

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

Angel Oak Financial Strategies Income Term Trust

General American Investors

Gabelli Go Awhr Registered Shs

Gabelli Utility Trust

Highland Income Fund

New American High Income Fund

Western Asset Investment Grade Defined Opportunity Trust

Nuveen Diversified Dividend And Income Fund

Nuveen Tax-Advantaged Total Return Strategy Fund

Nuveen Tax-Advantaged Dividend Growth Fund

Barings Corporate Investors

Barings Participation Investors

Mexico Equity & Income Fund Inc

Nuveen Municipal Value Fund Inc

15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results.

Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Mergers Completed (November 14, 2021)

NEW YORK, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that the mergers (each, a “Merger” and together, the “Mergers”) of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM) with and into Guggenheim Strategic Opportunities Fund (NYSE: GOF), each a closed-end fund (each, a “Fund” and together, the “Funds”), were completed prior to the open of the New York Stock Exchange on October 25, 2021.

Guggenheim Investments Announces Completion of the Mergers of GPM, GGM and GOF

Blackrock Health Sciences Trust

DNP Select Income Fund Inc

Gabelli Global Utility & Income Trust

Pimco Income Opportunity Fund

There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI.

Closed-End Funds: Revisiting The Funds That Have Never Cut Distributions And Have An Inception Pre-2008

Investors have been struggling to generate income off of their portfolios for quite a long time now.

GOF: Significant Improvements For This Incredibly Expensive Fund

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

John Hancock Financial Opportunities Fund

Center Coast Brookfield MLP & Energy Infrastructure Fund

MFS Intermediate High Income Fund

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Western Asset Mortgage Opportunity Fund

Eaton Vance Floating-Rate 2022 Target Term Trust

Wells Fargo Utilities and High Income Fund

Eaton Vance Short Duration Diversified Income Fund

Aberdeen Global Income Fund

First Trust Senior Floating Rate Income Fund II

Federated Premier Municipal Income Fund

Franklin Limited Duration Income Trust

Templeton Global Income Fund

Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week.

Weekly Closed-End Fund Roundup: Sept. 26, 2021

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

Brandywine Global Income Opportunities Fund Inc

Eagle Point Income Company Inc

First Trust Senior Floating Rate 2022 Target Term Fund

Fiduciary / Claymore Mlp Opportunity Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Kayne Anderson MLP Investment

We review CEF market valuation and performance over the third week of September and highlight recent market events. We discuss a few considerations for investors sitting on large CEF capital gains who are getting nervous.

CEF Weekly Market Review: CEF Gains Are A Nice Problem To Have

NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that shareholders approved the mergers (each, a “Merger” and together, the “Mergers”) of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM) with and into Guggenheim Strategic Opportunities Fund (NYSE: GOF), each a closed-end fund (each, a “Fund” and together, the “Funds”). Subject to the satisfaction of certain customary closing conditions, the Mergers are expected to be effective with the open of the New York Stock Exchange on October 25, 2021.

Guggenheim Investments Announces Shareholder Approval of the Mergers of GPM, GGM and GOF

The Guggenheim Strategic Opportunities Fund (GOF) attempts to maximize total return through a combination of current income and capital appreciation.

GOF: High Income And High Total Return, But At A High Premium

The boards have proposed a merger of GPM and GGM into GOF. The reorganization requires shareholder approval.

GPM, GGM Into GOF: The Guggenheim CEF Merger Proposal And How To Play It

Nuveen NASDAQ 100 Dynamic Overwrite Fund

There's a “retirement shortcut” far too many people ignore.

3 Great Retirement Funds (Yielding Up To 11%) Hiding In Plain Sight

PIMCO Dynamic Credit and Mortgage Income Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO surprised investors by announcing a merger of two of their most popular funds into a third.

PIMCO Enters The Merger Game: What Are The Implications?

NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that the Boards of Trustees of each of Guggenheim Strategic Opportunities Fund (NYSE: GOF), Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM), each a closed-end fund (each, a “Fund” and together, the “Funds”), approved the mergers of GPM and GGM with and into GOF, as outlined below.

Guggenheim Investments Announces Board Approval of the Mergers of GPM, GGM and GOF

GOF has a yield of 10%+, quite attractive if it can support it. I continue a series where I examine CEFs beyond the yield with a look at GOF which invests in various forms of debt.

Evaluating CEFs: A Look At GOF

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

First Trust Energy Income and Growth Fund

Gabelli Equity Trust

Not all funds were forced to cut distributions during market panics. Today's list is of funds that have been paying the same or more regular distribution for a long time.

Closed-End Funds: These Funds Have Never Cut Distributions And Have An Inception Pre-2008

News for Guggenheim Strategic Opportunities Fund ETF (GOF)