Four Funds That Pay 8–14% and Send You a 1099 That Says Mostly ‘Return of Capital'

The article argues that JEPI and JEPQ distributions can create unfavorable tax treatment for top-bracket investors, potentially making their after-tax income less attractive than their headline yields imply. It contrasts these funds with newer options-overlay products designed to deliver income through a more tax-efficient structure. The article provides no specific yield, tax-rate, or performance figures.