MDST has maintained a $0.225 monthly payout for 26 months, offering a 9.4% yield via a 1099 ETF structure.
The Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) has paid $0.225 per share monthly for 26 consecutive months, translating to an annualized yield of 9.4% to 10.5% at its recent $29 price. The fund avoids K-1 tax forms by using a 1099 ETF wrapper, combining midstream pipeline dividends with a covered-call strategy.
Assets under management have grown to $243 million, with an 18% adjusted return over the past year. The fund’s income stems from operations, not returned capital, though future payouts may depend on volatility levels, currently near a VIX of 16.
Top holdings include Enbridge, Energy Transfer, and Williams Companies, with option premiums supplementing distributions.