The BDC & CEF High-Yield Income Command Center - Stackwise

Public BDCs averaged about a 13.7% yield in August 2026 — and several large ones reset their dividends lower this year.

High yields are everywhere right now. The question is which ones are real.

The BDC & CEF High-Yield Income Command Center

A complete system for US investors who live on (or plan to live on) BDC and closed-end fund income. It scores every holding out of 100 with the C.O.V.E.R. test, flags possible yield traps before the payout is cut, and turns lumpy payouts into a steady monthly paycheck.

WHAT YOU CAN DO WITH IT

✔ Score every BDC and CEF out of 100 — Coverage, Original capital (NAV), Valuation, Exposure & leverage, Reputation & fees

✔ See red flags automatically: uncovered payouts, shrinking NAV, rising bad loans, big premiums, destructive return of capital

✔ Build a 12-month paycheck calendar and the cash cushion that evens it out

✔ Estimate your after-tax income with 2026 tax rules — and see which funds sit in the wrong account

✔ Stress-test a payout cut: what would a sector-wide reset do to your monthly income?

✔ Set your own position-size limits by tier, and see which holdings are too big

WHAT'S INCLUDED (4 files + bonus EPUB)

📘 25-page Guide (PDF) — Quick-Start, how BDCs and CEFs really work, the C.O.V.E.R. test, return of capital, the

📊 Income Analyzer (HTML) — opens in any browser, works offline, same math with live charts paycheck ladder, quarterly review, payout-cut action plan and more

🧮 Income Workbook (Excel + Google Sheets, 12 tabs) — Dashboard, Holdings, automatic Scorecard, Paycheck Calendar, After-Tax, Income Goal, Stress Test, ROC Basis, Research Checklist and 2026 Facts. Real formulas, tested to show zero errors — even on a blank sheet.

✍ 12 Fillable Worksheets (PDF) — income plan, BDC and CEF research sheets, scorecard, return-of-capital check

📱 Bonus: The Guide as an EPUB eBook for your phone Paycheck Ladder, 2026 taxes, stress testing and a full worked example

THE EXAMPLE INSIDE

Linda & Ray own 11 funds worth $434,580 paying $41,428 a year. Their highest-yielding BDC (17.5%) scored just 18 out of 100. Two Warning-tier holdings held 17% of their money but paid 24% of their income. The kit shows them exactly where to look first.

HONEST BY DESIGN

No stock picks, no "guaranteed" yields. The example funds are fictional, so nothing goes stale or reads as a tip. And it fixes a common myth: BDC dividends do NOT get the 20% Section 199A deduction.

WHO IT'S FOR

Intermediate US income investors — retirees and pre-retirees — who own BDCs and closed-end funds, or are ready to, and want a repeatable way to check every payout.

GOOD TO KNOW

• Instant digital download. Works with Microsoft Excel, Google Sheets and any modern browser.

• Educational tool, not investment, tax or legal advice.

• 2026 Edition, with figures verified October 2026.

Stack money. Be wise. — Stackwise