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CGBD. NEW IPO.

 

June 26, 2017

We are buying CGBD which is a new business development company with a new IPO.  Yield is approx. 8%.  Here is a short description of the position:  the link to the full article is posted below and you should read it before investing.

The Carlyle Group is one of the largest private equity and alternative investment firms in the world with $162 billion of assets under management across 287 investment vehicles. This includes the recent IPO of its business development company, TCG BDC Inc. (NASDAQ:CGBD), that will likely have a portfolio of around $1.7 billion after taking into account:

April 1, 2017 through June 2, 2017, new investment commitments of approximately $332.1 million, of which $226.3 million were funded, and exited or repaid of approximately $134.8 million.

June 9, 2017 – Completed NFIC acquisition. As of March 31, 2017, the fair value of NFIC’s investments was approximately $267.3 million in 75 portfolio companies.

https://seekingalpha.com/article/4083776-new-high-quality-bdc-ipo-carlyle-group?app=1&uprof=46&isDirectRoadblock=false

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Another must read article from Gundlach, probably the smartest financial guy out there right how:

http://www.zerohedge.com/news/2017-06-21/gundlach-doesnt-see-recession-says-flatter-curve-concern

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