January 19, 2017
Back in October, we purchased GAINM for the Core Portfolio. This position is now ex-dividend and is now priced LOWER than what we payed. We love buying stuff on sale.
We suggest you buy for the first time, or add to your current position.
This term preferred stock is a buy right now……buy under $25.20.
QUANTUMONLINE.COM SECURITY DESCRIPTION: Gladstone Investment Corp., 6.25% Series D Cumulative Term Preferred Stock, liquidation preference $25 per share, redeemable at the issuer’s option on or after 9/30/2018 at $25 per share plus accrued and unpaid dividends, and mandatorily redeemable on 9/30/2023 at $25 per share plus accrued and unpaid dividends. Cumulative distributions of 6.25% ($1.5625 per annum or $0.130208 per month) will be paid monthly on the last business day of each month to holders of record on the record date fixed by the board, not more than 20 days or less than 7 days prior to the payment date
More funny stuff from Ed Klein:
This week, Ed Klein Confidential is going to allow this unimpeachable source speak in his own voice. Here’s his verbatim report about the thin-skinned Obama:
“Barack can’t wait to get out of the White House. It is now the grimmest place in the world. The atmosphere is funereal: everybody looks like they just lost their best friend and their dog.
“Barack is supposed to be cheering people up but he can barely muster a smile. He knows there is nothing much he can do to make his staff feel any better. And it’s just getting worse, with Trump rolling out his Cabinet picks.
“Barack says his whole staff needs counseling to get over their grief. But Barack, Michelle, and Valerie Jarrett have gone from trying to comfort the staff to avoiding them.
“Valerie says that Barack is the worst she has ever seen him. He is grumpy and snaps at people. Michelle is worse; she’s enraged.
“Valerie says she has tried to keep the Obamas separated during the work day, because they bring each other down even more.
“Everybody believes that once it’s over and the Obamas move into their new house in D.C., things will be better. But as long as they are in the White House, it is a constant reminder that Donald Trump is preparing to move in and replace them.
“The only thing that makes them feel better are plans to stop Trump from getting things done. From what Valerie says, that is going to be Barack’s main job going forward—leading the resistance to Trump.
“But Valerie also says that Barack is so distraught right now that he can’t even focus on fighting Trump.”