JPS - JPS: Income And Stability Rolled Into One 6.5% Yielding Fund

• The Federal Reserve has created an extremely difficult environment for those that need portfolio income as most reasonably safe assets yield basically nothing.
• JPS offers a great deal of stability due to its portfolio of preferred stocks and similar securities.
• The fund boasts a 6.49% yield, which is far better than what you can get off of a traditional income ETF, although the leverage is a bit high.
• The fund is probably generating enough income to cover the distribution following the distribution cut last April.
• JPS is currently trading at a discount, which is rare for reasonably stable fixed-income funds in today's market.

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