Weekly Commentary | December 21, 2025 | Corp Action Bonanza, PIMCO, FLC/FPF/BPRE/BTX

Dec 22, 2025

∙ Paid

Summary

Closed-end fund (CEF) discounts remained stable, with notable tightening in equity CEFs and continued opportunities in select taxable muni and alternative funds.
Flah & Crum Total Return (FLC) and Destra Multi-Alt (DMA) present compelling value after distribution increases and discount tightening, while First Mortgage Income (FMY) appears oversold…