Business and Finance Business and Finance
Sun, December 1, 2024
[ 08:30 PM ] - Bill Williamson
Australia news LIVE: House values tumble as econo .. uggles; Michael Rowland leaves ABC News Breakfast
[ 08:00 PM ] - Bill Williamson
Anthony Albanese reveals the alarming reason why Aussies are poorer in 2024
[ 08:00 PM ] - Bill Williamson
HSBC starts search for next chairman: report
[ 07:00 PM ] - Bill Williamson
Trump taps billionaire family member Massad Boulo .. senior presidential adviser on Arab affairs role
[ 06:30 PM ] - Bill Williamson
ABIR To Sponsor Free Insurance Course
[ 06:00 PM ] - Bill Williamson
Integrating ESG into risk management
[ 05:30 PM ] - Bill Williamson
How do we spend less but still travel well?
[ 05:01 PM ] - Bill Williamson
COP29 shows South-east Asia's energy transition n .. te finance; effective policies will catalyse that
[ 05:01 PM ] - Bill Williamson
Asean governments face risk of fiscal strain from .. hange without policies to attract private capital
[ 05:00 PM ] - Bill Williamson
Your money, the economy, taxes might change in 2025: Experts offer predictions
[ 03:31 PM ] - Bill Williamson
African Bank has public servants in its sights
[ 03:30 PM ] - Bill Williamson
Live updates: ASX primed for new record after Wal .. s, construction and Chinese data due this morning
[ 03:30 PM ] - Bill Williamson
UBS capital requirements should be proportionate, minister says
[ 03:00 PM ] - Bill Williamson
Stock Radar: Maruti Suzuki, Hyundai Motor, Escort .. Aster DM, DLF, Greaves Cotton in focus on Monday
[ 02:30 PM ] - Bill Williamson
Arror, Kimarwer dams back in Adani-type deal
[ 02:30 PM ] - Bill Williamson
Women face higher NCD risks
[ 01:30 PM ] - Bill Williamson
How a cousin's disability inspired a drive for inclusive housing
[ 01:30 PM ] - Bill Williamson
After losing her job, a boomer is 'walking a tigh .. pe' between retiring early and searching for work
[ 01:01 PM ] - Bill Williamson
The hidden side of business school rankings
[ 01:01 PM ] - Bill Williamson
Diversifying exports: Non-RMG sectors face 11 challenges
[ 12:31 PM ] - Bill Williamson
Whitcomb: Carson and Rest of Us Actors; Hospitals Into Housing; Witch Doctor; Canadian Fish Story
[ 12:30 PM ] - Bill Williamson
How China will strike back at Trump
[ 12:30 PM ] - Bill Williamson
Stock market's record run sets stage for December gains, pros say
[ 11:30 AM ] - Bill Williamson
Silver is the new gold for asset investment platform Goldie
[ 11:30 AM ] - Bill Williamson
UN climate summit in Baku leaves the developing world with crumbs
[ 10:00 AM ] - Bill Williamson
GDP Growth 2024: Six Largest Sectors of the Nigerian Economy
[ 09:01 AM ] - Bill Williamson
Former Carlisle United frontman announces retirement
[ 09:00 AM ] - Bill Williamson
JPMorgan Rejects Transition-Finance Trend Gripping Wall Street
[ 08:01 AM ] - Bill Williamson
Govt plans to curb operating expenditures amid economic challenges
[ 08:01 AM ] - Bill Williamson
Scott Bessent Appointment Makes This 11% Yield A 'Screaming Buy'

Scott Bessent Appointment Makes This 11% Yield A 'Screaming Buy'


Published on 2024-12-01 08:01:18 - Bill Williamson, WOPRAI
  Print publication without navigation

  • Hedge fund veteran and Wall Street-approved suit Scott Bessent is likely the new Treasury secretary. That's why this 11% dividend is a big winner.

The article from Forbes, written by Brett Owens, discusses the recent appointment of Scott Bessent as the new CEO of the closed-end fund (CEF) known as the Cornerstone Total Return Fund (CRF). Bessent, a former Soros Fund Management partner, is expected to bring significant changes to the fund, which currently offers an 11% yield. The article highlights that despite the fund's high yield, it has been trading at a substantial discount to its net asset value (NAV), around 15%. Owens suggests that with Bessent's expertise and the potential for improved management, the fund could see a reduction in this discount, making it an attractive buy for investors seeking high-yield opportunities. The piece also touches on the broader context of CEFs, explaining how they can offer high dividends and the potential for capital appreciation when managed effectively.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/brettowens/2024/12/01/scott-bessent-appointment-makes-this-11-yield-a-screaming-buy/ ]
Contributing Sources