AINV - 7% Dividend Yield For 7.5% Of My Portfolio

• We’ve got a few larger positions in our portfolio. They are generally in shares where the price is quite steady.
• One of those positions is in ARR-C. The shares carry a fixed-rate dividend at 7%, which is a material return in a relatively expensive market.
• The monthly dividend payment can appeal to some investors as well.
• The bigger appeal for us is the low volatility. The vast majority of trades occurred between $24.50 and $24.90, representing a difference of less than 2%.
• We don't expect to keep this position forever. However, the combination of yield and low volatility makes it more attractive in this environment so long as the price doesn't rise too far.

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