“There’s a measurable benefit to be had in these funds (closed-end funds), on the order of 5% to 12%,” says Tyson Halsey, head of Income Growth Advisors, an investment-management firm in Charleston, S.C. that specializes in MLPs. “Based on the funds’ reports of their net assets as of Nov. 30, I estimate that the change in tax rates will increase the per-share value of Kayne Anderson Energy Development by 5.2%, ClearBridge Energy MLP Fund and Tortoise MLP Fund by 6.5% each, Kayne Anderson MLP Investment by 10.8% and Tortoise Energy Infrastructure by 11.6%.”
“Tyson Halsey of Income Growth Advisors has been managing separately managed accounts made up of master limited partnerships for 15 years. He has weathered the ups and downs of the past two years to boast a 77% one-year return and a 1.7% three-year return, (including a 5% dip in February), in his latest letter to shareholders.”
“Unfortunately, most people who buy [royalty trusts] don’t realize that they tend to be depleting assets,” says Tyson Halsey of Income Growth Advisors, an investment firm in Charleston, S.C. “They end up being bad for retired people who think they are getting a fixed-income alternative.”
“When we last interviewed our next guest, about a year and a half ago, he was predicting that oil prices were bottoming and about to move higher. And he was right. The price moved from $38 a barrel up into the $50s. What does he think about the energy markets now?”
Construct your ideal portfolio with our Bespoken MLP Portfolio Profiles.
Bespoken MLP Portfolio Profiles
MLPs offer historically high returns versus the S&P 500. MLPs offer high tax advantaged income generated from stable midstream energy companies. Midstream MLPs benefit from the growth of the US energy industry. Our Bespoken MLP Portfolio Profiles provide the five unique strategies investors typically prefer.
Click on a Bespoken MLP Portfolio Profile to learn more.
This month’s letter argues that rising rates are fundamentally changing investing and asset allocation. Our basic premise is that interest rates are artificially low and will continue to rise, which, in turn, will hurt the
The remarkable 34-year bull market in bonds which enriched stock, bond and real estate investors for the last three decades, broke another key milestone in April when the 10-year US Treasury yield rose above the
“Toto, I have a feeling we are not in Kansas anymore,” Dorothy famously said in the children’s classic The Wizard of Oz. In the same vein, this letter cautions investors that important changes are occurring
What distinguishes MLPs from other income vehicles is their high and durable distribution growth.
Observe the power of compounding distribution growth through our portfolio case studies.
See how MLPs can provide vastly superior future income streams.
(Examples and presentations arriving soon.)