Most of the REIt's and the BDC's exist for one reason...stuffing the pockets of Mgt with big salaries and bonuses. After they finish gouging the income for themselves, then next is the preferred stockholders and any bondholders. Not a lot left for the common stockholders. They really are a suckers game for most investors. "get a 10-15% dividend while the stock drops 20-50%". I sold all my REIT's long ago and only own one BDC- PSEC. They gouge fees but at least the dividends are increasing. Also own a few BDEC baby bonds ( bougfht at big discounts = 8%+ return). The interest cannot be reduced like stock dividends. Otherwise, I'm into HY Bonds like DHF & DHY, etc which have done well and pay 9-10%.