John Cole Scott, President of CEF Advisors, provides takeaways from the second quarter for closed-end funds and business-development companies, noting that the trend was for investors to make most of their money on net asset values rather than narrowing discounts, which creates potential for a strong second half of 2026 if there is an uptick in investor sentiment. Scott, the chairman of the Active Investment Company Alliance, brought forward data from his firm&#x27;s quarterly outlook presentation this week, noting that it shows that while headline risks have hurt BDC prices, underlying strength should make for a strong rebound later in the year, particularly as the actions of the Federal Reserve become more clear.

John Cole Scott on Q2 and the rest of '26 for closed-end funds, BDCs

The NAVigator

Support your favorite charity while potentially receiving income for life. CEF Advisors' Pooled Income Fund allows donors to contribute appreciated securities, may provide a charitable deduction and lifetime income. Learn more at cefdata.com slash pif. Income and tax benefits are not guaranteed. Consult a financial professional. We're getting the takeaways from the first half of 2026 for closed-end funds, interval funds, and business development companies. We're getting it from John Cole Scott, president of CEF Advisors.

This is The NAVigator. Welcome to The Navigator, which is all about all-weather active investing and plotting a course to financial success using closed-end funds. The Navigator is brought to you by the Active Investment Company Alliance, which is a unique industry organization that represents the entire closed-end fund industry, from fund sponsors and creators down to users and investors.

In the search for excellence beyond indexing, The Navigator is pointing you in the right directions. And today, we're getting the details on the second quarter of this year and the outlook for the rest of this year. We're getting that from John Cole Scott, president of CEF Advisors, which this week hosted its quarterly outlook for the closed-end fund industry. This is the 59th quarter in which the firm has done an outlook presentation on the state of the industry.

And if you want to dig into the details, you want to get the latest slides, the updated industry data, and how it might impact where you're looking, Well, you can find it all at cefdata.com slash quarterly. cefdata.com, the website for CEF Advisors. Again, slash quarterly to get the most recent details. John, by the way, is the chairman as well at the Active Investment Company Alliance. You can learn about that at aicalliance.org.

John Cole Scott on Q2 and the rest of '26 for closed-end funds, BDCs

Read the full transcript

The candid version is on a podcast,
not the earnings call.

John Cole Scott on Q2 and the rest of '26 for closed-end funds, BDCs

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.