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January 31, 2017

On January 17 we suggested you place an order for TPVZ at $25.40.  By mistake we had placed our order at $25.41 and it just filled today.  Any orders at either price should be filled in the upcoming days.  Reprinted below is our original post………………………..

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.


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


While vocal, and often violent, disaffected Hillary protesters may get a lot of media attention, a new Rasmussen poll out today reveals that the silent majority of Americans, men and women who don’t have time to protest 24 hours a day because they actually go to work to provide for their families, support Trump’s temporary immigration ban from 7 mostly-Muslim countries in the Middle East and Africa.  In fact, per the new poll, 57% of likely U.S. voters actually approve of the ban while only 33% were opposed.  

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