UNIT - Blood In The Streets: This 15% Yield From Uniti Is An Opportunistic Buy

Co-produced with Beyond Saving and PendragonY for High Dividend Opportunities.

Introduction

Recently we wrote an article warning investors away from Uniti Group (UNIT) common shares due to the high likelihood of a dividend cut and more issues with their top tenant Windstream (WIN). The fear has created a new opportunity, Uniti Group, 8.25% 15 Oct 2023 bond, Cusip# 20341WAD7 trading at $75. This is an opportunity to earn an 11% yield for over four years. The yield to maturity (which is the standard quote for bond yields) is at 15%