The New CEFs on the Block But you can only take your money out step by step. March 9, 2017 | by Cara Esser, CFA and Jason Kephart | Morningstar PIMCO made headlines last month when it launched an interval fund (PIMCO Flexible Credit Income) and registered to raise $1 billion in assets. The last closed-end fund,…

PIMCO Launches the PIMCO Flexible Credit Income Fund February 22, 2017 09:00 ET | PIMCO Account Management NEWPORT BEACH, Calif., Feb. 22, 2017 (GLOBE NEWSWIRE) -- PIMCO, a leading global investment management firm, has launched the PIMCO Flexible Credit Income Fund, an interval fund that aims to generate attractive risk-adjusted returns and current income by investing…

RiverNorth Provides Access To P2P Loans In New Fund FEB 1, 2017 @ 06:08 AM | by Julie Cooling | Forbes Allen Webb, Senior Portfolio Specialist at RiverNorth Capital Management talks with Julie Cooling, Founder and CEO at RIA Channel about their new marketplace lending strategy, specifically, RMPLX.  With roughly $30 billion in originations in 2016, peer-to-peer…

Although still not as widely used in the financial services sector as nontraded REITs, BDCs and mutual funds; interval funds and nontraded closed-end funds are growing quickly. Why are they gaining popularity? Perhaps if we define and differentiate these fund types, we can better understand the answer to that question.

Pathway Energy Infrastructure Fund Declares December 2016 Through February 2017 Distributions NEW YORK, Nov. 28, 2016 /PRNewswire/ -- Pathway Energy Infrastructure Fund, Inc. ("Pathway" or the "Fund") announced today a series of distributions with weekly record dates and payable monthly to the stockholders of record as of the close of business each week from December 2, 2016…

Priority Income Fund Declares Bonus Distributions NEW YORK, Nov. 28, 2016 /PRNewswire/ -- Priority Income Fund, Inc., announced today that its board of directors has declared a bonus distribution of $0.09696 per share of common stock. The bonus distribution is payable on or around January 3, 2017, to stockholders of record at the close of…

Priority Income Fund Declares Distributions for December 2016 Through February 2017 NEW YORK, Nov. 28, 2016 /PRNewswire/ -- Priority Income Fund, Inc. ("Priority" or the "Fund") announced today a series of distributions with weekly record dates and payable monthly to the stockholders of record as of the close of business each week from December 2, 2016 through February…

Steadfast to Launch $3 Billion Closed-end Fund November 21, 2016 | DI Wire Steadfast is launching a $3 billion closed-end investment fund called Steadfast Alcentra Global Credit Fund, according to preliminary documents filed with the Securities and Exchange Commission. The fund, which plans to offer 300 million shares, intends to invest in lower middle-market and…

The Trendiest Investment on Wall Street…That Nobody Knows About PHOTO: CHRISTOPHE VORLET By JASON ZWEIG Nov 4, 2016 11:28 am ET  Wall Street Journal Among this year’s hottest investment ideas is one that even many of the people buying it have never heard of. This peculiar vehicle is called an interval fund, and asset managers are…