We take a step back and revisit the case for investing in CLOs, why this could be a timely consideration given current market conditions, and the opportunity presented by BGLF. Notably, the shares continue to pay a high dividend yield (c. 9.7% based on the mid-point of the €0.06 to €0.07 FY2020 dividend target) even at the reduced level, and the shares continue to trade on a discount of c. 14%.
