Don’t Read This Post if You Like Earning 0% on Your Money

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Don't Read This Post if You Like Earning 0% on Your Money

Tired of super-low interest rates? The IPO market may offer a solution.

Angel Oak Dynamic Financial Strategies Income Term Trust (DYFN) plans to raise $100 million in an initial public offering next week. TradeStation clients can access the IPO market thanks to our collaboration with ClickIPO.

ClickIPO app with upcoming offerings.

DYFN will target securities of smaller U.S. banks, which typically yield more than larger institutions. At least 80 percent of its portfolio will carry investment-grade credit ratings, according to the prospectus. Some of the closed-end fund’s securities may be issued by insurers or real-estate investment trusts.

Interest rates were already falling before coronavirus. They plunged near zero after the pandemic hammered economic growth. Investors seeking income may want to investigate DYFN.

The closed-end fund intends to issue about 5 million shares for $20 each next Thursday, June 25. TradeStation clients can directly access IPOs through ClickIPO’s app.

The IPO market slowed dramatically in March but is now rebounding. June is already the busiest month in over a year, according to ClickIPO.

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David Russell is VP of Market Intelligence at TradeStation Group. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.