Quarterly Research Call:

CEF, BDC & Interval Fund Market Outlook

Join our quarterly, data‑focused review of the $1 Trillion+ closed‑end fund, BDC, and interval/tender offer fund universe. We cut through headlines to show where discounts, yields, distribution quality (UNII/earnings/RoC), leverage, expenses, activism, and NAV vs. price trends are actually moving—so you can recalibrate with clean, current numbers. Replay, slides, and summary article provided. Educational only; not investment advice

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Upcoming Session

Upcoming Session

  • Oct. 14, 2026

  • 2:00 PM EST

  • Live on GoTo Webinar

Third Quarter 2026

3Q 2026 Closed-End Fund & BDC Review and Outlook

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Closed-end fund market research and analysis

Last Session

Last Session: Covering Second Quarter 2026

  • Jul. 21, 2026

Last Session: Covering Second Quarter 2026

The Quarter the Market Stopped Panicking - and What Investors Were Asking

Inside Our Quarterly Deep Dive

For 60 quarters CEF Advisors has offered this insight to investors, advisors, fund sponsors, service providers and the financial press.

Discount & Yield Trends
Discount & Yield Trends

Current discounts vs. long-term averages with 25-year frequency charts.

Sector Performance Analysis
Sector Performance Analysis

NAV vs. market price performance across 15 major sectors.

Universe IPOs, Mergers, Liquidations & Conversions
Universe IPOs, Mergers, Liquidations & Conversions

Real income vs. return of capital with tax-adjusted yield insights.

Activism & Corporate Actions
Activism & Corporate Actions

Latest 13D/13G filings, proxy battles, and fund manager responses.

Interval Fund Developments
Interval Fund Developments

Fundraising pace, repurchase levels, and new sponsor entrants in the fast-growing interval and tender offer fund space.

Business Development Companies ( BDC) Trends
Business Development Companies ( BDC) Trends

NAV trends, credit quality, and leverage across public and private BDCs underwriting middle-market loans.

Register For Next Call View Past Session

Past Session Attendee’s Feedback

John Cole Scott, President and CIO of CEF Advisors

About The Speaker

John Cole Scott

President & CIO, CEF Advisors

John Cole Scott is the President and Chief Investment Officer of CEF Advisors and leads the firm’s quarterly research webinars. A William & Mary graduate, John Cole joined the firm in 2001, continuing the legacy started by his father. He is widely recognized as a leading expert on closed-end funds (CEFs), BDCs, and interval funds. John Cole is also the founder of CEFData and the Active Investment Company Alliance (AICA), where he serves as executive chairman. He brings over two decades of experience and a passion for helping investors and advisors navigate the ever-evolving investment landscape of our universe of funds.

EXPLORE ALL QUARTERLY Sessions since 2012

Second Quarter 2026

Jul. 21, 2026

The Quarter the Market Stopped Panicking - and What Investors Were Asking

First Quarter 2026

Apr. 14, 2026

CEF Advisors 1Q 2026 Update: What the Data Said — and What Investors Were Really Asking

Fourth Quarter 2025

Jan. 14, 2026

Closed-End Funds Grow Larger, Cheaper in Q4 2025

Third Quarter 2025

Oct. 22, 2025

Closed-End Fund Discounts Widen Again in Q3

Second Quarter 2025

Jul. 23, 2025

CEF Performance Stabilizes in Q2, Munis Rock the Boat

First Quarter 2025

Apr. 24, 2025

CEF Discounts Narrow Again in Q1 2025

Fourth Quarter 2024

Jan. 16, 2025

Discounts for Closed-End Funds Widen Again, Remain Attractive in Q4

Third Quarter 2024

Oct. 23, 2024

CEF Discounts Compress Further in Q3, Propelling Tailwind Trend

Second Quarter 2024

Jul. 18, 2024

CEF Discounts Continue Tailwind Trajectory

First Quarter 2024

Apr. 24, 2024

BDC, Muni Bond Fund Discounts Continue Recovery

DISCLOSURES:

CEFData.com provides data and information on closed-end funds (CEFs), business development companies (BDCs), interval funds, tender offer funds, exchange-traded funds (ETFs), and London-listed closed-end funds. CEFData.com is an information service provided by CEF Advisors, Inc., a registered investment advisor. The data and materials presented are for informational purposes only, are not intended to be relied upon as investment advice or recommendations, and do not constitute a solicitation to buy or sell any security. This information should not be considered specific legal, investment, or tax advice. Investors should consult each fund’s sponsor for detailed, fund-specific risk disclosures and/or seek the guidance of a qualified financial advisor before making investment decisions.

NOTES: Distribution type is sourced from CEFData.com. For specific information about a fund's distribution sources, please visit the fund sponsor's website.

The following applies to CEFs, BDCs, interval funds, tender offer funds, ETFs, and London-listed CEFs: Fund shares are not guaranteed or endorsed by any bank or insured depository institution and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). These securities involve investment risks, including the possible loss of principal. There can be no assurance that a fund’s investment objectives will be achieved. Many closed-end funds and similar exchange traded vehicles frequently trade at a discount or premium to their net asset value (NAV). NAV returns are net of fund expenses and assume reinvestment of distributions.

Performance information, if presented, is for illustrative purposes only. Actual client returns may differ based on individual account holdings, timing, fees, and other factors. Past performance is not necessarily indicative of future results. All investments involve risk, including the risk of loss.Data is obtained from sources believed to be reliable; however, accuracy, completeness, and timeliness cannot be guaranteed. Information may change without notice, and CEF Advisors is under no obligation to update such information. Links to third-party websites are provided for convenience only, and CEF Advisors does not control or guarantee the accuracy or relevance of information on third-party sites. This material is presented for informational purposes only. Under no circumstances should it be considered an offer to sell, or a solicitation to buy, any investment product.

© CEF Advisors, Inc. and CEFData.com 2026. All rights reserved. Any copying, republication, or redistribution of CEF Advisors or CEFData.com content, including by caching, framing, or similar means, is expressly prohibited without prior written consent. CEF Advisors shall not be liable for any errors or delays in the content or for any actions taken in reliance thereon.

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