AIC - Grabbing A High-Yield Opportunity

• While many high-yield opportunities provide more risk than return, there are exceptions.
• The preferred shares from mortgage REITs can offer great opportunities. When prices get inefficient, we get nice opportunities.
• We recently added to our position in NYMTM. This is a high-risk share, but it offers a compelling risk/reward opportunity.
• In this series, we're providing readers with discounts to trailing book values throughout the sector and a few notes on the current environment.
• When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.

For further details see: