When we last covered Center Coast Brookfield MLP & Energy Infrastructure Fund (CEN) we had a strong opinion that even the reduced distribution rate was not sustainable. Specifically we said that,
However, since even this rate is 2X what can be paid sustainability, there is a big risk to the reduced distribution being maintained. Based on all the information, CEN thus enjoys the following distribution safety rating on our proprietary Kenny Loggins Scale.
An extreme rating implies between 50-90% probability of a dividend cut in the next 12 months.
Source: Looking At