Weekly Commentary | December 14, 2025 | DMO Buy, FPF/FLC Buys, MFS Muni CEF/VFL Merger

Dec 14, 2025

∙ Paid

Summary

Closed-end fund (CEF) discounts, especially taxable, are widening but expected to close into January, presenting potential entry opportunities.
Western Asset Mortgage Opp (DMO) has sold off sharply to a -6% discount, despite a strong risk-return profile and no clear fundamental reason for the drop.
Flaherty & Crumrine preferred CEFs, notably FLC an…