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The market found some relief on the stimulus bill, but midstream and MLPs lagged this week. Canada midstream helped the AMNA outperform the other midstream indexes. Oil prices fell further, and the lack of places to put oil in this climate is concerning.
REITs and Utilities rebounded with the market, then acted more defensively Friday when the market and interest rates dropped. Midstream gave up most of its mid-week rebound Friday, but it was still the 10th best week ever for AMNA at 4.9%.
Distribution Announcements
Several more distribution cuts were announced this week, including