Jan. 19 at 9:00 PM
$XPAY It's not leveraged? They are just selling covered calls on the S&P500 but they decide to give a consistent dividend via 20% annually. If each month equates to let's say hypothetically 0.10 to reach that 20% annual pay, then if they receive 0.18 per share that month they distribute 0.10 and use the other 0.08 for the NAV, etc.