- The energy sector is a prime hunting ground for contrarian income ideas.
- KYN is focused on the MLP and midstream energy sector, but it plans to shift to more renewable energy infrastructure in the long term.
- The last few years have been devastating for KYN shareholders, although it has performed less badly than other MLP CEFs.
- The 9.7% yield and 15% NAV discount make KYN worth looking at more closely.
- However, its aggressive balance sheet, high fees and unfavorable corporate governance changes are likely to dampen long-term returns.
For further details see:
Why I Passed On KYN's 9.7% Yield