Distribution cuts

Fewer Distribution Cuts For January

Fewer Distribution Cuts For January
  • January had far fewer distribution cuts than what occurred in November with munis being spared.

  • Most of the significant cuts this month came from the global dividend payers which is not surprising given the weakness in the space.

  • We highlight two of those cutters which come from Lazard who adopted a 7% level distribution policy to arrest the NAV decline.