My future live-off-dividends portfolio

[fenders53]

I understand you aren't really buying these today but the high yields made me curious. I took a look at the first security which is OXLC which is closed end fund listed at an 18% yield. I was curious how it did during severe markets but it didn't exist until 2011. It's dropped from about $19 to around $4.40 after being under $2 earlier this year. That's about a 75% loss of capital during a nine year bull market. The yield is now down to 18% because they cut the dividend in half a few monthes back. I wonder if they might be distributing the capital back to the shareholders? That's a very interesting pick. Am I missing something?