CIFU’s October NAV return was -0.82% after adjusting for the Q3 dividend. $15.1m of cash flows ($0.0197 per share distributable income) were received during the month as the bulk of the income notes made payments - including two for the first time. US loan pricing remained subdued even as monthly issuance was the fourth lowest seen over the past three years. Cash remains at 5.7% of NAV with 2.0 CLO equity positions trading in the mid-to-high 60’s offering attractive yields for deployment of cash ....
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October NAV
- Published:
20 Nov 2015 -
Author:
Ben Heatley -
Pages:
3
CIFU’s October NAV return was -0.82% after adjusting for the Q3 dividend. $15.1m of cash flows ($0.0197 per share distributable income) were received during the month as the bulk of the income notes made payments - including two for the first time. US loan pricing remained subdued even as monthly issuance was the fourth lowest seen over the past three years. Cash remains at 5.7% of NAV with 2.0 CLO equity positions trading in the mid-to-high 60’s offering attractive yields for deployment of cash ....