Guggenheim Active Allocation Fund (GUG) Stock

SURREY, BC / ACCESSWIRE / December 5, 2024 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ("Gungnir" or the "Company") is pleased to announce a significant expansion to its Knaften-Hemberget gold property located in the southern part of the Swedish Gold Line in the prolific Vasterbotten District. Pending all final approvals, the newly submitted applications add 9,216 hectares to Gungnir's existing permits for a new total land package of more than 15,000 hectares or 150 square kilometres ( see maps ).

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.