~22% yield, but CLO track record and dividend cuts add long-term risk.
SPMC offers very high yield (~22%) but CLO history and a dividend reduction make the setup riskier despite a recent rebound.
Insiders recently bought about $6 million of SPMC, and Seeking Alpha data cited a 22% yield, implying strong current income. The segment also warns CLO funds have historically been mediocre long-term and that SPMC launched during a bad period and reduced its dividend this year, even if it rebounded over the past 3 months.
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