3 Stocks That Cut You a Check Each Month
The Motley Fool
JULY 18, 2024
The company basically owns a portfolio of mortgages and makes money off the spread between the yield of its investments and the short-term funding costs to buy them. It locks in the spreads with hedges and then uses leverage to increase its returns. It's also grown its net-asset value (NAV) by 130% since 2007.
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