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CLO equity CEFs are ripe for acquisition and liquidation, Michael Kao notes

CLO equity CEFs are ripe for acquisition and liquidation, Michael Kao notes
CLO equity CEFs may face acquisitions

Michael Kao, Michael Kao, suggests that CLO equity closed-end funds (CEFs) could be appealing targets for acquisition and liquidation by private equity or SPACs. Kao points out that when these funds trade at 40–50% discounts to already discounted net asset values (NAVs) without an underlying fundamental reason, it raises the potential for such transactions.

Kao has recently commented on volatility in U.S. Treasuries, noting the breakdown of the TLT double-bottom as market fluctuations intensified last October. He has also stated that TLT showed signs of a capitulation bottom and disclosed buying short-term call options at the time. These observations provide context for Kao's ongoing focus on discount opportunities and shifting market sentiment.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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