MLP CEFs are taking corporate actions to close discount gaps, with some engaging in share repurchases and others merging into ETFs. FPL, an MLP CEF, is set to merge into the FT Energy Income Partners ...
MLP CEFs experienced significant drawdowns during the Covid crisis, leading to wide discounts to NAV. Tortoise Capital Advisors announced a merger of its MLP CEFs into an ETF to eliminate discounts to ...
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