GEO

High-Yield: Sifting the Wreckage

High-Yield investments have been terrible over the last month. From Bond Closed-End Funds (CEFs) to Business Development Companies (BDCs) and Real Estate Investment Trusts (REITs), the carnage has been extreme. Many will not recover (there will be bankruptcies and dividend cuts). However, others will experience swift and powerful rebounds. This article surveys the damage, focusing on BDCs, Bond CEFs and REITs, and also shares three specific “Strong Buy” opportunities.