2014. Should be over a dollar a share for an annulized yield of over 14%. Don't miss out BDCL!!!
These negative posters remind me of our current administration in Washington DC...if you say it...it must be true...or I'm hoping it's true...or if I say it enough it will be true.
EPD, GEL, NTI and SEP and others that not only "cover the nut" but grow the distribution will do well. This is a sale for the Goldman Sachs new MLP closed end fund. Shake out before end of year and earnings / distributions. EPD was doing well when interest rates were 6-7 % so this is just shake down.
Wish I knew where the meaningful posts have gone. Sure not here anymore. As a long time owner of this security (first bought Teppco in 1991 at a price that equates to a little less than $8 per unit for EPD), I can recall many smart posters such as Chartney , and others such as yourself who furnished great information. Have accumulated many more shares during the intervening years, taking advantage of the normal dips and the weak periods when folks start worrying about changes in taxation. Get a good laugh out of the apparent daytraders who now post here. Hope your holiday was great ARB.
BDC's lend to small and medium size companies they also receive stock from the companies as additional compensation as these companies prosper BDC's share in thier success. Also BDC's prosper in rate rising environments because they have low fixed rate costs but lend out on adjustable rates so as rates rise along with the spread they capitalize. A great way to get over 14% yield is BDCL this etf has all the BDC's in it and the largest market cap in the portfolio is only 4 billion so lots of room for growth here along with much fatter dividends going forward. BDC's must pay at least 90% of thier DCF in distributions just like MLP's. BDCL is the best way to make money in the comming several years.