EARN: Transforming From A 14% Yielding REIT To A CLO CEF

Klaus Vedfelt In my latest article regarding the pending merger of the Apollo funds, AIF and AFT, with and into the BDC, MidCap Financial Investment Corp. (MFIC), I discussed how those 2 CEFs will be integrated into a new asset class and that this situation represents a unique opportunity. I find it rather interesting that Apollo wants to dissolve the two CEFs, while some other fund managers are finding ways to start new ones. A new opportunity has emerged that involves a transformation from an REIT to  ...