
“Before issuing blanket statements regarding risk, one must define what risk means. Risk to capital? Risk to income? Total return risk? When we scan the “5+%” equity universe, we see a multitude of security types including some C-corps, REITs, MLPs, BDCs, as well as pooled securities like fixed- and option-income CEFs and leveraged ETF vehicles. As I’ve frequently stated in past articles, risk is really in the eye of the beholder for the income investor, with a predication on capital and yield goal attainment.”
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