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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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5 views
FLC offers attractive income with a 6.8% yield and monthly distributions, appealing to income-focused investors seeking diversification through preferred securities and global exposure. The fund currently trades at an 8.15% discount to NAV, but aggressive leverage and high interest rates raise concerns about risk and future performance. Dividend sustainability is questionable due to declining net investment income and the potential for further cuts if interest rates stay elevated.
