OCSL - Winners And Losers In The High-Yield Landscape - Part 2

• The greatest challenge for BDCs is identifying quality managers and investing strategically when their valuations are at least reasonable.
• It’s relatively easy to build a high-yield REIT portfolio with significantly better income and credit metrics than high-yield bonds.
• We consider quality MLPs attractive compared to high-yield bonds and preferred stocks.
• If the company is highly leveraged, and is having trouble meeting its liabilities, it’s going to be a big red flag for the dividend.

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