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BUYING FLOATING RATE ISSUE

Thursday, October 04, 2018
The Rasmussen Reports daily Presidential Tracking Poll for Thursday shows that 50% of Likely U.S. Voters approve of President Trump’s job performance. Forty-nine percent (49%) disapprove.

UPDATE:  A new poll indicates that Republicans have closed the Democrats’ formerly wide gap in voter enthusiasm, thanks to the ongoing crisis surrounding the confirmation of Judge Brett Kavanaugh to the U.S. Supreme Court.
A new NPR/PBS NewsHour/Marist poll released Wednesday found that 80% of Republicans now say the November elections are “very important,” compared with 82% of Democrats — a statistical tie, well within the poll‘s 4-point margin of error.

October 4, 2018.  More and more analysts are voicing concerns over a potential ‘crash’ in the markets.  The financials and many other segments have been weak recently with only a few stocks responsible for gains in the averages. (SPY, DOW)

BUT it is obvious they are NOT going to let this market decline leading up to the November elections.  At that point, we really have to watch closely, but even then we do not expect any severe decline.

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

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BUY NuStar Logistics NSS:  on sale.

Alert readers will note that NSS is due in 2043.  Normally we would never touch a maturity date this far out, BUT NSS is a fixed to floating rate issue which means we are protected against interest rate risk.  As of today, the yield is 8.57%.  The price is $25.19 and MAY GO LOWER.  We are placing a limit order at $25.15 but a buy anywhere in this area is fine…just watch it and adjust your buy limits accordingly.  Remember the dividends are huge.

Volume is very low so patience is required for this issue.

NuStar Energy L.P. is a MLP which transports petroleum and anhydrous ammonia,  storage, and marketing.

NuStar Logistics L.P., 7.625% Fixed-to-Floating Rate Subor Notes due 1/15/2043
Ticker Symbol: NSS CUSIP: 67059T204 Exchange: NYSE
Security Type: Exchange-Traded Debt Security

QUANTUMONLINE.COM SECURITY DESCRIPTION: NuStar Logistics, L.P., 7.625% Fixed-to-Floating Rate Subordinated Notes due 2043, issued in $25 denominations, redeemable at the issuer’s option on or after 1/15/2018 at $25 per note plus accrued and unpaid interest, and maturing 1/15/2043. The notes are guaranteed by NuStar Energy L.P. (NYSE: NS) and NuStar Pipeline Operating Partnership, L.P. (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee). The company may redeem the Notes prior to January 15, 2018 at a redemption price equal to the make-whole redemption price or after the occurrence of a Tax Event or a Rating Agency Event (see the prospectus for further information). Interest distributions at a fixed rate of 7.625% per annum ($1.90625 per annum or $0.4765625 per quarter) will be paid quarterly through 1/15/2018 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 (NOTE: the ex-dividend date is one business day prior to the record date). After 1/15/2018 distributions will be paid at the Three-Month LIBOR rate plus 673.4 basis points

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