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4min chapter
Talk Your Book: CLOs – The Providers of Leverage
Animal Spirits Podcast
The Risks of a High Distribution Policy
The board takes a long-term view of how we should distribute cash to shareholders. The biggest risk I think of when I invest in this personally is the mark-to-market risk on a short-term basis, just like the S&P 500 moves up and down sometimes several percent in a day. We generally think we'll do the best over the medium term when things get really, really choppy.
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