Leave a comment

BUY OR ADD TO MDLX

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.

https://conradsutilityinvestor.com/subscribe-today-to-receive-a-sample-issue-of-cui/

_____

Really interesting short article from McClellan Financial Publications:

http://www.mcoscillator.com/learning_center/weekly_chart/bond_market_knows_what_fed_should_do/

_____

Hill goes ugly in new vid:

https://www.washingtonpost.com/video/national/clinton-why-arent-i-50-points-ahead-of-trump/2016/09/21/d9142b3e-8072-11e6-9578-558cc125c7ba_video.html

_____

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

From http://www.seekingalpha.com

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.

Enter your email address to follow this blog and receive notifications of new posts by email.

Please take our ten second POLL 

CLICK HERE FOR Dividend Income Investor Core Portfolio SHOWING current holdings===WARNING:  MOST OF OUR POSITIONS ARE INTEREST RATE SENSITIVE.  IF RATES GO UP QUICKLY WE WILL WANT TO START SELLING.

CLICK HERE FOR our suggested financial websites.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: