Weekly Commentary | August 16, 2026 | RIV Rights, ISD HY Buy, BANX
Summary
PGIM High Yield Bond (ISD) offers compelling value after hitting a new 52-week low, despite strong NAV performance and stable distributions.
Rivernorth Opportunities (RIV) launches its most dilutive rights offering yet, dropping the NAV floor to 90%, likely leading to at least 2.5% NAV dilution.
Discounts in both taxable and muni CEFs continue to t…
