Welcome to Dividend Income Investor
September 22, 2016
Here’s another opportunity to get a free preview issue of an excellent newsletter: Conrad’s Utility Investor. You get a weird error message but the newsletter IS sent to your email.
Really interesting short article from McClellan Financial Publications:
Hill goes ugly in new vid:
We already own MDLX which is debt issued by Medley Capital Corp. MCC, a Business Development Company.
We suggest you ADD to your position if you bought when we did. If you do not own Medley you should buy the debt MDLX OR you could also consider the stock MCC. The debt closed at $24.60 on Wednesday.
Note that 78% of the portfolio is in floating rate loans which is an advantage in a rising environment…altho the Fed is still keeping rates low….and also note this is callable at $25.00
QUANTUMONLINE.COM SECURITY DESCRIPTION: Medley LLC, 6.875% Notes due 2026, issued in $25 denominations, redeemable at the issuer’s option on or after 8/15/2019 at $25 per note plus accrued and unpaid interest, and maturing 8/15/2026. Interest distributions of 6.875% per annum ($1.71875 per annum or $0.429688 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be 2/1, 5/1, 8/1 & 11/1 respectively
The company is set up as a closed-end fund with the following objective: “to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions.”
It is so disgusting to see FOX running ads for non-traded REITS (as bad as annuities) and gold coins. Stay away from these scams.