High Yield Spotlight
The Largest BDC In America Pays 10%. Its Book Value Just Ticked Down
ARCC's $29.5 billion book pays $0.48 a quarter, but core EPS is $0.47 and NAV slipped to $19.59.
High Yield Spotlight
High Yield Spotlight
JPMorgan's $44 Billion Nasdaq Income Machine Pays 13%. Read The Fine Print
JEPQ's 13.32% 30-day SEC yield is option premium, not a coupon. What the income machine sells to pay you.
High Yield Spotlight
A Tax-Free 8.5% Monthly Check Built From 76-Cent Bonds And 41% Leverage
Nuveen's NMZ pays an 8.5% tax-free monthly check from investment income, using 41% leverage and a 17-year duration. The income is clean; the structure is the risk.
High Yield Spotlight
An 11.7% Junk Yield Where A Quarter Of The Check Is Your Own Money
BlackRock's HYT pays $0.0779 monthly, an 11.7% yield at its widest discount in a year. But about a quarter of the check is return of capital.
High Yield Spotlight
This 15.6% Yielder Trades At 62 Cents On The Dollar. The Dollar Keeps Shrinking.
FS KKR's new variable distribution annualizes to 15.6% at a 38% discount to NAV. The catch: the NAV itself has fallen 25% in ten quarters.
High Yield Spotlight
You Can Buy This 11% Yielder For 78 Cents On The Dollar. If You Trust The Marks.
OBDC's 22% discount to NAV is either the market's verdict on private credit, or a gift. It is probably some of both.
High Yield Spotlight
The CLO Income Play That Doesn't Blow Up
How the Panagram BBB-B CLO ETF delivers a 7.5% yield with a floating-rate profile that thrives in a higher-for-longer world.
High Yield Spotlight
The Best BDC Money Can Buy — And Why You Have to Pay Up for It
Main Street Capital (NYSE: MAIN) — Monthly Income That Grows, NAV That Compounds, and a Premium You Either Accept or Walk Away From
High Yield Spotlight
The Blue-Chip BDC Trading at a Discount: Is Blackstone's Credit Machine Worth the Premium Name?
Blackstone Secured Lending Fund (NYSE: BXSL) — A 13% Yield Built on 97.6% First Lien Loans, With Cracks Beginning to Show
High Yield Spotlight
The 12% Monthly Paycheck That the IRS Can't Touch Until You Sell
NEOS S&P 500 High Income ETF (CBOE: SPYI) — $10 Billion in Assets, 12% Yield, and a Tax Structure That Changes the Income Equation
High Yield Spotlight
The Credit Market Has a Fear Problem Right Now. This 10% Yielder Is Built for It.
Ares Dynamic Credit Allocation Fund (NYSE: ARDC) — When the World's Largest Credit Manager Runs Your CEF
High Yield Spotlight
The Grid Is the New Gold: Inside UTG, the Utility CEF Built for the AI Power Era
Reaves Utility Income Fund is paying you $0.20/month to own the AI power trade.