Infrastructure Capital’s Substack
We are a leading provider of investment management solutions specializing in ETFs, managed hedge funds, and providing consulting services for other investment firms.
- Top in Finance
- #21
- Subscribers
- 66K
rounded by Substack
What they write about
Published by an asset manager, covering income investing and the firm's own exchange-traded funds. Recurring subjects include preferred stock mechanics, option-income and covered-call strategies, midstream energy, and what makes an equity income stream durable.
- income investing
- preferred stock
- etfs
- covered calls
- midstream energy
- dividends
Recent examples: Infrastructure Capital announces a dividend increase for: Bond Income ETF (BNDS), Equity Income ETF (ICAP), Small Cap Income ETF (SCAP), and Nasdaq Option Income ETF (QVOL) · Stop Reading Utility Payout Ratios Off Earnings
Written from Infrastructure Capital’s Substack’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Growth history
Subscribers (thousands, nightly)
66K on Sep 10, 2026 → 66K on Oct 1, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #21 today · #18 a week ago
Stats worth sharing
Tracked since Sep 10, 2026 — 22 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 4%
- Best rank seen
- #14
- Rank, 7 days
- −3 places
- Posts
- 14
- Reactions per post
- 56
- Reactions tracked
- 1.2K
of 525 ranked finance newsletters
on Sep 15, 2026
last 30 days
average, recent posts
across 21 posts
Most-reacted post we have seen: Infrastructure Capital Equity Income ETF (ICAP) and the In-Off Behind a Large-Cap Covered-Call Sleeve — 105 reactions on Aug 11, 2026.
Recent posts
- Infrastructure Capital announces a dividend increase for: Bond Income ETF (BNDS), Equity Income ETF (ICAP), Small Cap Income ETF (SCAP), and Nasdaq Option Income ETF (QVOL)
NEW YORK — September 28, 2026 — Infrastructure Capital Advisors, LLC (Infrastructure Capital), a leading provider of investment management solutions designed to meet the needs of income-focused investors, is excited to declare distributions for the Infrastructure Capital Nasdaq Option Income ETF (QVOL), Infrastructure Capital Bond Income ETF (BNDS), Infrastructure Capital Small Cap Income ETF (SCAP), and Infrastructure Capital Equity Income ETF (ICAP). QVOL has declared a distribution increase by $0.05 from $1.04 to $1.09 per share. SCAP has declared a distribution increase by $0.005 from…
- Stop Reading Utility Payout Ratios Off Earnings
Duke Energy’s dividend consumes 65% of its earnings but only about a quarter of its operating cash flow. Which number is the dividend safety number? It isn’t close. The most-quoted dividend safety statistic for a utility is the earnings payout ratio: dividend per share divided by EPS. By that measure, Duke Energy pays out 65% of its trailing twelve-month earnings ($4.24 in dividends against $6.50 in TTM EPS) — a “healthy” zone, on the conventional scale. But the number that actually funds the dividend is cash: Duke reported roughly $12.35 billion of operating cash flow in 2025 against about…
- The 8% "Yield" That Isn't a Yield: What an Annuity Payout Rate Actually Pays You
A 65-year-old can now convert $100,000 into roughly $693 a month for life. That number looks like an 8% yield. It is not — and understanding why is the whole decision. As of September 16, 2026, the best single-premium immediate annuity (SPIA) payout among eight A-rated carriers pays a 65-year-old man $693 per month for life per $100,000 — up from $675 in August — with a 5-year period certain. A 65-year-old woman: $658. A couple, both 65, with 100% continuing to the survivor: $598. A man who waits until 70: $767. Multiply it out and the man’s figure is an 8.3% annual “payout rate.” Against a…
- How AMZA's Income Is Built — and What This Year's Distribution Raise Says About the Fund
In January 2026, the InfraCap MLP ETF (AMZA) raised its monthly distribution from $0.29 to $0.34 per share — a 17% step-up, and the latest in a series of annual increases that took the monthly payout from $0.22 in 2022 to $0.29 in 2025.[1][4] Nine straight monthly distributions have now been declared and paid at the $0.34 rate through the September 2026 ex-date (09/21/2026, payable 09/28/2026).[1] The distribution rate stands at 8.27% as of September 21, 2026, against a 30-day SEC yield of 6.32% as of August 31, 2026.[1] See prospectus . A yield like that on a midstream portfolio raises the…
- Infrastructure Capital expands European ETF range with launch of S&P 500 option income ETF
Infrastructure Capital Advisors has expanded its European ETF range with the launch of Infrastructure Capital S&P 500 Option Income UCITS ETF (ticker: SPYC). The ETF combines a portfolio of S&P 500 equities with a flexible covered-call strategy, seeking to generate monthly income alongside capital growth. The strategy can seek to capture premiums from companies the manager considers overvalued or where implied volatility is elevated, while maintaining broader market exposure across the rest of the portfolio. SPYC is listed on London Stock Exchange, Xetra, and Borsa Italiana. When you invest…
- The Nuclear Renaissance Is Broader Than a Uranium Trade
Global nuclear generation set a record in 2025 — 2,702 TWh, up 35 TWh on 2024, supplying roughly 9% of the world’s electricity, per the World Nuclear Association’s 2026 Outlook.[1] That record was set with about 400 gigawatts of operating capacity. The WNA’s reference scenario sees that figure nearly doubling to 746 GWe by 2040.[2] The build cycle is already visible: 79 reactors are under construction worldwide, 38 of them in China, and in June the U.S. Department of Energy announced $17.5 billion in conditional loans to accelerate up to 10 large reactors.[3] Most investors read “nuclear” and…
- Europe's First Active Preferred Income ETF, and Why It Arrived When It Did
At the beginning of 2022, the U.S. preferred stock market’s yield-to-worst stood near 3.00%.[1] As of June 30, 2026, the same index family measured roughly 6.40%.[2] That reset — the income available from the same corner of the capital structure roughly doubling in four years — is the single most important fact about the preferred market today, and it is why preferred strategies are being rebuilt for income rather than traded for safety. European investors, however, have historically had almost no direct way to own that pool actively. Passive preferred vehicles exist; active, research-driven…
- What That Double-Digit Covered Call Yield Is Actually Made Of
Covered call strategies have become one of the most popular ways to generate income from equity portfolios, and it’s easy to see why. Many covered call funds advertise distribution yields in the 8% to 12% range or higher, well above what a comparable stock index pays in dividends alone. But that headline yield is doing a lot of work to obscure what’s actually happening underneath, and understanding the mechanics changes how you should think about the number. How the Income Is Actually Generated A covered call strategy starts with owning a basket of stocks, then selling call options against…
- The Coverage Ratio Number Every MLP Investor Should Check First
When you scan a list of high-yielding master limited partnerships, the distribution yield is usually the first number that catches your eye. An 8% yield looks appealing next to a 4% investment-grade bond or a 1.5% S&P 500 dividend. But yield on its own tells you nothing about whether that payout is safe. The number that actually answers that question is the distribution coverage ratio, and it’s worth understanding before you buy into any midstream energy name. The coverage ratio compares how much cash an MLP generates against how much it pays out. A ratio above 1.0x means the partnership is…
- The Potential Benefits of Active Management with the Virtus InfraCap Us Preferred Stock ETF (PFFA)
Preferred stocks, often referred to as "hybrid securities," combine characteristics of both equities and fixed-income instruments. Like bonds, they provide regular income streams and hold a senior position in the capital structure relative to common equity, making them particularly appealing to income-focused investors. However, the unique complexities of preferred stocks—such as call risk, sector concentration, and sensitivity to interest rate changes—underscore the importance of active management in optimizing returns while mitigating risks. We will explore the advantages of active…
- The Preferred Stock Feature Most Investors Never Read
Preferred stock has a reputation as the boring, predictable corner of the income world: a fixed dividend, a fixed price around $25 per share, and not much drama. That reputation is mostly earned, but it glosses over two contract features embedded in nearly every preferred security that can meaningfully change your actual return: the call feature and the rate reset. If you’ve never read past the coupon rate on a preferred prospectus, here’s what you’re missing. What It Means for a Preferred to Be Callable Most preferred shares are perpetual, meaning they have no maturity date and could…
- A Small-Cap Income Strategy That Also Writes Options
Small Cap Exposure and Utilizing Options Investors can seek total return through a blended approach of capital appreciation and current income through a diversified portfolio of small-capitalization equity securities. Small caps tend to occupy the uncomfortable middle ground between equity income and small-cap growth. We believe investors focus on security selection, uses price targets built from the relationship between earnings growth and price-to-earnings ratios, an approach the fund describes as growth at a reasonable price, or GARP to seek total return and income objectives from small…
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