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UPDATE: We will sell CTL when it settles down, probably in a few days. It has been collapsing today.

February 24, 2019. Fidus Investment Corporation’s issued a new baby bond with the ticker: FDUSZ. They mature in 2024 and pay a fixed interest rate of 6%. We like this as it could be considered “investment grade”.  This is a very nice position and suggest you buy. Go to link below for full article. 

The current bid before the market opens is $25.06 and we would NOT pay more than $25.10.

Fidus Investment Corporation is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company, or “BDC,” under the Investment Company Act of 1940. This status provides our company with certain structural advantages, including public liquidity and an advantageous tax structure.

Our objective is to generate current income from our debt investments and capital appreciation from our equity-related investments. We were formed to continue and expand the business of Fidus Mezzanine Capital, L.P., a fund formed in February 2007 that is licensed by the U.S. Small Business Administration (“SBA”) as a small business investment company (“SBIC”).



New Book to be Released Shortly

Explosive new book lifts lid on gay priests in the Vatican



The U.S. national debt is wildly out of control, and nobody in Washington seems to care.  According to the U.S. Treasury, the federal government is currently $21,933,491,166,604.77 in debt.  In just a few days, that figure will cross the 22 trillion dollar mark.  Over the last 10 years, we have added more than 11 trillion dollars to the national debt, and that means that it has been growing at a pace of more than a trillion dollars a year.  To call this a major national crisis would be a massive understatement, and yet there is absolutely no urgency in Washington address this absolutely critical issue.  We are literally destroying the financial future of this nation, but most Americans don’t seem to understand the gravity of the situation that we are facing.


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NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This blog is designed for investors seeking income.

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