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Fitch: MLP CEFs Utilize Private Placements Despite Commodity Price Pressures

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NEW YORK--(BUSINESS WIRE)--MLP closed-end funds (CEFs) continue to access the private placement market to raise capital and refinance existing debt despite recent price and NAV pressures, and declines in the energy sector, according to Fitch Ratings. On average, MLP CEFs have experienced a 24.75% loss based on NAV since Nov. 1, 2014. During the same period, they have experienced a 28.5% loss on a price total return basis, and as a result average discounts of have widened from -4.35% on Nov. 1,

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