Guggenheim Credit Allocation Fund (GGM)

April 14, 2025 – TheNewswire - Rouyn Noranda, Quebec - Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) is pleased to announce its expanded exploration focus on the Granada East Project. The potential strike length on the property is 5.5 kilometres, including the eastward extension 2.5 kilometres from the Granada Pit 1 to the historical Aukeko Shaft and a further 2 kilometres to the Austin-Rouyn Shaft.     The Aukeko Shaft was sunk on the “Auk Shear” zone in conjunction with stripping and trenching which was mapped over a one-kilometre length with an average width of 50 metres. The Auk Shear zone was the location of the Bert Vein where three bulk samples were reported to have been taken in 1938 from a trench approximately 50-to-150 metres east of the Aukeko Shaft.  The bulk samples averaged a grade of 7.0 ounces gold per ton (240.0 grams per tonne) (from public files with MERN(Ministère d'Energie et Ressources Naturelles) GM52851)( News Release July 10, 2018 ).

GGM Wealth Advisors has launched an active ETF that aims to beat the market through a full economic cycle. The GGM Macro Alignment ETF (NYSE Arca: GGM) seeks long-term capital appreciation by dynamically shifting among sectors and styles best suited for the prevailing macroeconomic environment.

JNJ and KO are two of my favorite current dividend plays yielding near 3%. Both are dividend aristocrats/kings and on sale.

GPM and GGM's merger into GOF is complete. Decline of GOF's premium prevented the merger arbitrage from being more profitable.

15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results.

BRW earlier this year started a metamorphosis; the name of the fund, fund sponsor, and advisor were all changed. Previously, this was the Voya Prime Rate Trust (PPR) fund but has now been taken over by Saba.

There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI.

A Rule Of Thumb For Long-Term CEF Investing

NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that shareholders approved the mergers (each, a “Merger” and together, the “Mergers”) of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM) with and into Guggenheim Strategic Opportunities Fund (NYSE: GOF), each a closed-end fund (each, a “Fund” and together, the “Funds”). Subject to the satisfaction of certain customary closing conditions, the Mergers are expected to be effective with the open of the New York Stock Exchange on October 25, 2021.

The Net Asset Value (NAV) for a CEF remains, for me, a primary measure of its overall health.

GPM, GGM Into GOF: The Guggenheim CEF Merger Proposal And How To Play It

PIMCO surprised investors by announcing a merger of two of their most popular funds into a third.

NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that the Boards of Trustees of each of Guggenheim Strategic Opportunities Fund (NYSE: GOF), Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM), each a closed-end fund (each, a “Fund” and together, the “Funds”), approved the mergers of GPM and GGM with and into GOF, as outlined below.

One corner of the market where high yields run like water is closed-end funds (CEFs).

With yields rising, managing interest rate risk should be at the front of investors' minds. GGM has a low effective duration, driven primarily by its holdings in senior bank loans and high yield bonds.

Last year was tough for everyone, including investors. Staying afloat in the financial markets involved considerable effort. Having reached the end of a troubled 2020, it is time to take stock of how the funds in my portfolio performed.