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BUY TRIPLEPOINT VENTURE GROWTH 6.6% TPVZ

January 17, 2017

We are placing an order for the TPVZ baby bond at $25.40.  Here is some copy from a SeekingAlpha article explaining the position.  Do NOT pay more than $25.40.  The ASK is already $25.47 but we feel this will eventually get filled…..wait and watch.

The symbol to buy is TPVZ

TPVG occupies an unusual niche in the BDC world and in the venture capital world. TPVG provides debt financing for companies which are in the “venture growth” stage. This is generally defined as a stage at which the company has at least $20 million in revenue and is being groomed for an initial public offering or a takeover by a larger company. TPVG typically loans money to companies at this stage at high interest rates.

http://seekingalpha.com/article/4011309-dividend-stock-yields-13_6-percent-upside-warrants-and-growth-prospects

QUANTUMONLINE.COM SECURITY DESCRIPTION:  TriplePoint Venture Growth BDC Corp. 6.75% Notes due 2020 issued in $25 denominations, redeemable at the issuer’s option on or after 7/15/2017 at $25 per note plus accrued and unpaid interest, and maturing 7/15/2020. Interest distributions of 6.75% per annum ($1.6875 per annum or $0.421875 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 1/1, 4/1, 7/1 & 10/1 respectively

Here is a listing of all positions in the CORE Portfolio.

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DAVOS, Switzerland (AP) — The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday.

Presenting its findings on the dawn of the annual gathering of the global political and business elites in the Swiss ski resort of Davos, anti-poverty organization Oxfam says the gap between the very rich and poor is far greater than just a year ago. It’s urging leaders to do more than pay lip-service to the problem.

If not, it warns, public anger against this kind of inequality will continue to grow and lead to more seismic political changes akin to last year’s election of Donald Trump as U.S. president and Britain’s vote to leave the European Union.

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We just had to laugh when we saw this image in one of the sites we read.  Does anyone still watch those 6:30 pm so called ‘news’ shows on the big networks.  We certainly hope not.  Such a collection of bias and crap you have never seen.  Talk about targeting the LOWEST common denominator:  bash Trump, car crash, murder in Chicago (mostly drug dealers), terrible snow storm somewhere -don’t they know it’s Winter, dog story…..tons of commercials…..Program over.  What a waste.

 

Image result for cbs and heres want we want you to know

 

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