June 13, 2019. Yesterday we talked about NYMTO, and we did buy.
Today we saw an article about CGBD which is a holding in the Core Portfolio. We bought this two years ago, and it is paying just under ten percent. You can buy or ADD to the current holding……remember: but up to no more than 4% of your portfolio.
As mentioned in “Yield-Starved Investors Still Accumulating BDCs Paying More Than 10% Annually,” business development companies (“BDCs”) have been outperforming the S&P 500 in 2019 but are still paying above-average yields of more than 10%, including TCG BDC (CGBD) and Monroe Capital (MRCC) for the reasons discussed in recent articles.
I believe that CGBD would be an excellent replacement for investors looking to avoid the next meaningful price decline in PSEC. Please read “Time To Buy 11.3% Yielding CGBD With Upcoming Special Dividend Announcement And Share Repurchases” for a detailed discussion.
NOW IN OUR 7TH YEAR
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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