SPMC: New CLO Equity CEF Raises Monthly Dividend Again, Now Yields 13%

If you are an income-oriented investor like me who enjoys receiving passive income from your investments, you may already know about closed-end funds, or CEFs, that invest in collateralized loan obligations (“CLOs”) and, specifically, in CLO EquityNow retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance ...