1. Blackstone Secured Lending (BXSL) offers a near-record 11.6% dividend yield, fully covered by net investment income but with tight coverage at 100%; 2. Market selloffs in private credit were driven by pending Fed rate cuts and the collapse of First Brands Group, though BXSL had no exposure to affected companies; 3. BXSL anticipates increased origination activity in late 2025 and holds $1.86 per share in spillover income to address potential short-term dividend coverage gaps.

1. Energy Transfer (ET) offers an attractive 8%+ yield and trades at a significant discount compared to peers, with potential for distribution growth; 2. Growth is driven by infrastructure projects like the Desert Southwest and Hugh Brinson pipelines, targeting rising LNG and data center demand; 3. Recent earnings stability and anticipated Q3 results provide upside catalysts, though risks include project delays and AI-driven demand uncertainty.