Arbor Realty, Icahn Enterprises and Herzfeld: 3 Unconventional High Yield Bets
Herzfeld Caribbean Basin Fund and Icahn Enterprises, Carl Icahn’s publicly traded limited partnership, face yield risk amid NAV volatility and a track record of dividend cuts. IEP posted a 52-cent loss vs an 11-cent consensus and a 572.73% miss on revenue of $2.98 billion; Q2 2026 GAAP loss was $0.20 vs $0.03 consensus. The dividend was cut to 17 cents from 30 (after 43). Convertible debt funded a $114 million repurchase, but Q2 distributable earnings of 10 cents don’t cover the payout. Further cuts depend on legacy resolutions, with a