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Posted by
Two Blokes May 24, 2025 -
Filed in
Stock
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5 views
SRV offers a high 13.6% yield and midstream energy exposure, but trades at a historically high valuation with a minimal discount to NAV. The fund's long-term total return since 2007 is negative, and its high expense ratio (3.69%) is not justified by performance. Distributions are 100% return of capital, raising sustainability concerns, especially with high leverage amplifying both gains and risks.
