RIV - RIV: Increase Your Cash Stream With RiverNorth's 13.5% Level Distribution

2024-02-01 10:47:24 ET

Summary

• I have added abrdn Global Infrastructure Income Fund and RiverNorth Opportunities Fund to my portfolio.
• RIV is a fund of funds that invests in various types of investments, including BDCs, CEFs, and SPACs.
• RIV offers a high yield and monthly distributions, and currently trades at a discount to NAV, making it an attractive option for income investors.

As a mostly income-oriented investor now that I have reached retirement age, I am constantly on the lookout for closed-end funds and ETFs that pay a regular high yield income stream, which I use to compound my returns over time in my Income Compounder portfolio . Eventually, those individual streams of income (my portfolio holdings) turn into a river of cash flowing into my retirement accounts. A few weeks ago, after several CEFs that I follow raised the monthly distribution in January, I wrote an article that reviewed five of them, which you can read here ....

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