Wolfhounds

Six High-Yielding MLPs

I would be more interested in an MLP like KMP which yields about 8%, but probably has a sounder business than the ones you mention.

Also, MLP's throw off tax losses because of high tax depreciation and depletion allowances. Tax laws require limited partner investors to defer recognition of those losses until the shares are sold. The caveat is, those tax losses and distributions reduce your tax cost (basis) each year. When your basis is zero any further distributions are taxed. One way of extending the breakeven point is reinvesting the distributions, which add to basis. If held in a tax deferred account, the shares can be sold at the later point then repurchased. This strategy would start the basis reduction cycle over.