HFRO trades at 41% NAV discount with 6.5% yield amid rising rates
A shift higher for long-term yields has boosted HFRO as a potential income vehicle. HFRO pays 6.5% with a 41% NAV discount, far below the typical 5.5% average for closed-end funds. If buyers keep chasing rate-sensitive assets, HFRO's discount could narrow and total return may improve, though price gains might cap its yield.
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