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IGD Continues To Show Improvements, Now Covering Distribution


//stocks-investing.news-articles.net/content/202 .. show-improvements-now-covering-distribution.html
Published in Stocks and Investing on Tuesday, December 10th 2024 at 7:21 GMT by Seeking Alpha   Print publication without navigation

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The article from Seeking Alpha discusses the performance and financial health of the Invesco Global Equity Income Trust (IGD), a closed-end fund. It highlights that IGD has shown improvements in covering its distribution, with a notable increase in net investment income (NII) per share, which has been sufficient to cover its monthly distribution. The fund's distribution coverage has been positive for the last three quarters, indicating a strengthening financial position. Despite this, the article notes that IGD's total return has been lackluster, with the fund trading at a discount to its net asset value (NAV). The author suggests that while the fund's income generation has improved, its market performance and the sustainability of its distribution rate over the long term remain concerns. Additionally, the article touches on the fund's investment strategy, focusing on global equity income, and mentions the impact of market conditions on its portfolio.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4743223-igd-continues-show-improvements-covering-distribution ]

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