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March 12, 2019. We are BUYING PBY, Prospect Capital Corporation Baby Bonds which mature in June 2028. Yield is 6.26%.

PBY is ON SALE. Place the order at $24.35 and watch: pay up to $24.40.

Prospect is one of the largest Business Development Companies. Notably, this is considered an investment grade investment by S&P.

It makes debt investments (loans) and equity investments in smaller sized companies. It also invests in collateralized loan obligations (CLOs).

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Prospect Capital Corp., 6.25% Notes due 2028 issued in $25 denominations, redeemable at the issuer’s option on or after 6/15/2021 at $25 per note plus accrued and unpaid interest, and maturing 6/15/2028. Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least one business day prior to the record date). If a Fundamental Change occurs prior to maturity, the holder will have the right to require the issuer to repurchase for cash some or all of the Notes at a repurchase price equal to 100% of the principal amount of the Notes being repurchased, plus accrued and unpaid interest (see prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s and rated BBB- by S&P at the date of its IPO.


Another book about Trump.

The White House senior advisers Ivanka Trump and Jared Kushner, President Donald Trump’s daughter and son-in-law, have sought to assert some authority over flights funded by the State Department.

That’s according to a new book by the journalist Vicky Ward that was previewed by The New York Times.

The Times cited Ward as saying she interviewed more than 200 people for the book, “Kushner Inc: Greed. Ambition. Corruption. The Extraordinary Story of Jared Kushner and Ivanka Trump.”

Like many other White House tell-alls that have been published during Trump’s first term, it is said to paint an unflattering picture of the Trump administration as chaotic, with discord among its senior staff. sAccording to The Times, “Kushner Inc.,” scheduled for release March 19, describes Ivanka Trump as having frequently asked to travel on Air Force planes when doing so was not always necessary. While still secretary of state, Rex Tillerson reportedly rejected her requests.


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