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BUYS: NLYPRF AND CGBD

Now in the 6th year of Dividend Income Investor.
Before buying any investment, go to Core Portfolio for a listing of current positions.

September 18, 2018

BUY/ADD NLYPRF which is in the Core Portfolio.  We think the current price of $25.37 is a good entry point…….it got hit recently but the price should start turning up so now is the time to buy.  Here is a link to the full article.

FULL ARTICLE

BUY/ADD CGBD which is in the Core Portfolio.  Here is some positive copy from a SA article-also linked below.  The price of $17.25 is good.

I recently purchased additional shares of CGBD for many of the reasons discussed in this article, including excellent historical and potential dividend coverage driving a special dividend in Q4 2018 and likely a regular dividend increase in 2019 due to:
Increased leverage/reduced asset coverage ratio
Higher portfolio yield from rising interest rates
Lower operational expense ratios (including reduced management fee)
Lower cost of borrowings relative to other BDCs
Increased returns from the continued ramp of its Credit Fund

FULL ARTICLE

 

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