BUY TCCB Business Development Company. Over 6%

February 9, 2015

To View Current Positions Go To Core Portfolio Click Here

(Update:  TCCB is trading, buy SMALL amount at $25.00.)

Last week I suggested you look at VNR Corporate bonds.  Every so often you get a “gift” and these bonds are an excellent example.  With the collapse of the oil market, the bonds of VNR, an oil Company, have declined.  In other words they are on sale and if I teach anything here, it’s to buy when stuff is on sale.

Here is the cusip number you need to find the bonds.  CUSIP  92205CAA1

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Business development company, Triangle Capital Corp (ticker:TCAP) has priced a new $25 note issue. The coupon will be 6.375%.  This is a relatively safe investment and I suggest you buy a small amount….symbol is TCCB.  As of this morning TCCB was not trading, but should be available within the next few days.

RALEIGH, N.C., Feb. 4, 2015 (GLOBE NEWSWIRE) — Triangle Capital Corporation (NYSE:TCAP) (the “Company” or “Triangle”) today announced that it has priced an underwritten public offering of $75.0 million in aggregate principal amount of 6.375% notes due 2022 (the “Notes”). The Notes will mature on March 15, 2022, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after March 15, 2018. The Notes will bear interest at a rate of 6.375% per year payable quarterly on March 15, June 15, September 15 and December 15 of each year, beginning March 15, 2015. The Company has also granted the underwriters a 30-day option to purchase up to an additional $11.25 million in aggregate principal amount of Notes to cover over-allotments, if any.

The Company intends to invest the net proceeds of this public offering in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes.

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MOVIES. Jupiter Ascending.  Don’t waste your time.  Ignore this DUD.

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Lies.  Lies.  Lies.  The crooks keep manipulating data to make you feel better.  From http://www.investyourself.com

In 1994, they didn’t like the fact that all the folks that were frustrated and gave up looking for work, were still being included in the overall unemployment rate, making it look bad. So, they did what Governments do…they changed the rules. No longer would those not ‘actively seeking work” be considered unemployed. Instantly millions of people were no longer counted as “unemployed”. They were simply ignored.  

 So, back in 1998, the “U-6” reading of unemployment, which included all categories of joblessness, was at 7%. Today it’s 11.5%.  But GET THIS…if we calculated unemployment as we did for decades before 1994 … our current unemployment rate would be 22%.

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