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CEF Specialist

CEF Update: News You Can Use

A slow week in CEF news.

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Avenue Income Credit Strategy (ACP) announced a preliminary filing with the SEC for a potential rights offering. The offering needs approval from the board. 

BlackRock Florida Municipal 2020 (BFO) cut its monthly distribution by 31% to $0.0347 from $0.05025 per share. 

Cara Esser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.