Typical Nonsensical Payouts at MLPs and Related CEFs are Mostly Return of Capital - MIE is No Different
You don't have to read far into the annual and semi-annual reports of the Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) to realize that most of the monthly distributions are simply return of capital payments. They clearly are not mostly dividends of the investment income generated by the underlying investments in this closed-end fund.
I estimate that the real estimated investment income, not including trading and stock market gains and losses of