I bought this Spinoff

First look, I was turned off - second look, I realized that this is a security designed for appreciation - pure free cash flow and the dividend is set to rocket

• Yield expected to ramp from zero to run-rate yield of ~ 9% as of Q4 2023 (based on recent share price)

• Potential distribution growth of another ~50% over the next two years

• Royalty-like payout structure

• Free call option on “green” and “nearshoring” trends - comps in that area trade at vastly higher multiples