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$15.78Last Dividend
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SURREY, BC / ACCESSWIRE / September 27, 2024 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ("Gungnir" or the "Company") announces that it has granted incentive stock options to employees, directors and/or officers of Gungnir to acquire an aggregate of 2,000,000 common shares at $0.05 per share, for a period of 5 years. These incentive stock options have been granted in accordance with Gungnir's Stock Option Plan.
Guggenheim Active Allocation Fund trades at a wide discount, making it an interesting choice for a closed-end fund looking for multi-sector fixed-income exposure. The GUG fund's portfolio is focused on lower-rated debt investments, but with significant diversification to help reduce risk. GUG's distribution yield is attractive at 9.65%, but its net investment income coverage is lacking, which means they will require gains to help cover its distribution.
The Guggenheim Active Allocation Fund offers a current yield of 9.63%, which compares well to its peers in the "Hybrid-Global Allocation" fund category. The GUG closed-end fund's performance has been mixed, with shares up 3.87% since December 2023, but its portfolio has actually delivered a negative return over the period. The fund primarily invests in bonds and debt securities, with a small allocation to equities, and employs leverage to boost its yield and total return.
The Guggenheim Active Allocation Fund offers a 9.97% yield and invests in both stocks and bonds. The fund's performance since its inception has been poor, with shares down 28.90% over the period. The fund is heavily weighted towards bonds, particularly high-yield corporate bonds and bank loans, which offer better risk-adjusted returns in the current environment.
Guggenheim Active Allocation Fund is a relatively safer alternative to the Guggenheim Strategic Opportunities Fund. GUG has a more reasonable distribution and better valuation, with a similar portfolio from the same investment managers. GUG's discount has widened to -14.23%, making it an interesting option for investors looking for a fund that has the flexibility to invest dynamically.
Guggenheim Active Allocation Fund is an interesting fund, focusing on 'active allocation,' though they haven't appeared too active thus far. GUG has a higher emphasis on fixed-income assets and provides a more reasonable and sustainable distribution than GOF at a much better valuation, making it a potential swap alternative. The fund's performance improved in 2023 after a period that was rough for almost all equities and fixed-income investments, and its discount has shown signs of stabilizing.
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