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Post by xray on Oct 11, 2023 20:16:36 GMT
richardsok, Your:
Good catch, x. I see your EFC is scheduled to pay out essentially all of its projected earnings, but they are sitting on a cash hoard of 2.88/sh -- which should bode well if earnings should slip. While EFC does have a real roller coaster trajectory, it is comfortably within its lower historical valuations. Ex div the 30th.
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Has been on my watch list for quite a while now and was still looking for the 16th security for portfolio. Current numb3rs make it appealing. However, always however's, the current market conditions have not been favorable for being in the market IMHO. Current negative analysis data (-19) shows 50% cash is still a requirment for the unknowns and volatile market .......
Live Long and Prosper....
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Post by mnfish on Oct 12, 2023 12:22:21 GMT
FWIW - Wells Advisors recommended CEFs
All of the CEFs that yield over 10% are Loans and trade at a discount
Tkr Yield Disc ARDC 11% -8.9% DSU 10.6% -4.4% FRA 11.2% -4.7% BGB 11.1% -12.2% EFT 11.3% -6.6% EFR 10.8% -6.7% VVR 13.1% -4.1% JQC 12.8% -12.9% JFR 12.5% -10.8%
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Post by richardsok on Oct 12, 2023 12:42:14 GMT
FWIW - Wells Advisors recommended CEFs All of the CEFs that yield over 10% are Loans and trade at a discount Tkr Yield DiscARDC 11% -8.9% DSU 10.6% -4.4% FRA 11.2% -4.7% BGB 11.1% -12.2% EFT 11.3% -6.6% EFR 10.8% -6.7% VVR 13.1% -4.1% JQC 12.8% -12.9% JFR 12.5% -10.8% Thanks, MN. I did a quick run-thru with Schwab, confirming they're earning most or all of their payouts. I'm a little concerned these are mostly variable/floating rate ponies near the tops of their one-year charts, or essentially directionless. (BGB has had a little dip, though.) Probably the bulk of cap gains are already priced in. Pimco CEFs are conspicuously absent.
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Post by mnfish on Oct 12, 2023 16:32:27 GMT
FWIW - Wells Advisors recommended CEFs All of the CEFs that yield over 10% are Loans and trade at a discount Tkr Yield DiscARDC 11% -8.9% DSU 10.6% -4.4% FRA 11.2% -4.7% BGB 11.1% -12.2% EFT 11.3% -6.6% EFR 10.8% -6.7% VVR 13.1% -4.1% JQC 12.8% -12.9% JFR 12.5% -10.8% Thanks, MN. I did a quick run-thru with Schwab, confirming they're earning most or all of their payouts. I'm a little concerned these are mostly variable/floating rate ponies near the tops of their one-year charts, or essentially directionless. (BGB has had a little dip, though.) Probably the bulk of cap gains are already priced in. Pimco CEFs are conspicuously absent. They rate most of the popular (here) Pimco CEFs as "Sunset-Sell" but have for quite some time.
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Post by xray on Oct 14, 2023 17:48:20 GMT
MY:
COB 10/7 Update
Updated (COB 10/8): .. Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div% ..... 10/1 .... % Holding GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 ...... 35.32 ... 6% LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 ..... 16.04 ... 2% FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 ..... 19.69 ... 4% RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 ..... 14.78 ... 6% RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 ....... 9.29 ... 2% GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 ...... 5.41 .... 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 ..... 14.88 ... 6% AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 ..... 11.73 ... 2% USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ...... 6.07 .... 6% ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 ..... 19.47 ... 6% GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 ...... 6.73 .... 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 ....... 9.95 .... 6% CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 .... 21.69 .... 4% EFC ................... xx.xx ................. xx.xx ...... xx.xx ....... xx.xx ..... xx.xx ..... xx.xx .... 2% (new - Data next Post/Time constraint) HBLG* ................ xx.xx ................. xx.xx ...... xx.xx ....... xx.xx ..... xx.xx ..... xx.xx .... 2% (new - Data next post/time constraint)
* = a CEF with "ONLY NAV's shown" ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward)
Note: Data reviews last 2-wk's of ending Qtr's (March/June/Sept/Dec) where Mutual funds and CEF's changing their portfolio's (normally very similar for buy/sell activity) for shareholder reviews> News items during market activity or insider buying activity is a "red Flag" to re-analyze holding. Normally carry 16 securities in portfolio for 100% with no one security greater than 6% (with buying/selling activity in 2% increments for "dollar cost averaging). Currently tracking 15 securities with 58% investment and 42% cash....
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Updated (COB 10/14 to show insider buying activity): Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div% ..... 10/1 .... Last Insider Buy/Sell .... % Holding 10/1 GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 ...... 35.32 ... 20,000sh/32.49 ........... 6% LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 ..... 16.04 ... None .......................... 2% FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 ..... 19.69 ... 1,000sh/20.61 ............ 4% RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 ..... 14.78 ... None ......................... 6% RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 ....... 9.29 ... 32,000sh/7.84 ............ 2% GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 ...... 5.41 .... 15,000sh/5.04 ............ 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 ..... 14.88 ... 18,000sh/12.94 .......... 6% AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 ..... 11.73 ... 375sh/11.84 ............... 2% USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ...... 6.07 .... 1,000sh/6.05 .............. 6% ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 ..... 19.47 ... 15,000sh/17.84 ........... 6% GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 ...... 6.73 .... 15,000sh/6.27 ............ 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 ....... 9.95 .... Sold 1.4Mil/?? .............. 6% CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 .... 21.69 .... 32,000sh/18.38 ............ 4% EFC ................... xx.xx ................. xx.xx ...... xx.xx ....... xx.xx ..... xx.xx ..... xx.xx .... None ........................... 2% (new - Data next Post/Time constraint) HGLB* ................ xx.xx ................. xx.xx ...... xx.xx ....... xx.xx ..... xx.xx ..... xx.xx .... Sold 1,400sh/9.77 ........ 2% (new - Data next post/time constraint)
* = a CEF with "ONLY NAV's shown" ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward)
Note: Data reviews last 2-wk's of ending Qtr's (March/June/Sept/Dec) where Mutual funds and CEF's changing their portfolio's (normally very similar for buy/sell activity) for shareholder reviews> News items during market activity or insider buying activity is a "red Flag" to re-analyze holding. Normally carry 16 securities in portfolio for 100% with no one security greater than 6% (with buying/selling activity in 2% increments for "dollar cost averaging). Currently tracking 15 securities with 58% investment and 42% cash....
NOTE: Market has been going lower and some bargains have already shown themselves. However, always however's, we don't buy into a consistent down market trend and with all of the current unknowns IMHO....
Live Long and Prosper...
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Post by xray on Oct 14, 2023 17:55:10 GMT
We must keep in mind that if/when securities decline in value, dividend (not distribution type) paying securities pay more (against current MktPrc). Timing, as to if/when to buy additional shares, remains difficult. Having the insider buy/sell data available will sometime help to determine our final decisions IMHO....
Live Long and Prosper....
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Post by Broozer on Oct 14, 2023 19:42:22 GMT
We must keep in mind that if/when securities decline in value, dividend (not distribution type) paying securities pay more (against current MktPrc). Timing, as to if/when to buy additional shares, remains difficult. Having the insider buy/sell data available will sometime help to determine our final decisions IMHO.... Live Long and Prosper.... It doesn't have to be so complex. I have 5 main income producers: GOF, HYI, PDI, JMUTX and SCHD. I only take out enough income to cover my RMDs.
When to buy more CEF shares? If any of the prices are way down then I have that income re-invested (as of now, that is PDI and HYI). If not, I take the income. I only juggle things around 2-3 times a year depending on what's going on.
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Post by steelpony10 on Oct 14, 2023 20:30:54 GMT
xray , This seems like an income investors paradise probably similar to the 70’s. Many of my economic competitors, other retirees, have fled to cash, Fed paper or CD’s, dithering in indecision. How many scary articles and charts projecting the future before one understands your personal inflation rate may be rising and the solution to that problem is right in front of you. The perpetual market state is not on the brink of a correction, due for a recession or overvalued. There’s a ton of cheap income available in all areas now, has been and probably will be for awhile.
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Post by uncleharley on Oct 15, 2023 11:06:18 GMT
I have to agree. I have a number of CEFs, BDCs, & an MLP in my port. Fidelity reinvests the distys that I do not need for current income so the timing is irrelevant. I also keep some money to invest in tactical opportunities when they present themselves. That does require some market timing skills. Currently I am not finding a lot of those opportunities which makes the cash flow from the distys look very attractive.
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Post by Fearchar on Oct 15, 2023 12:23:41 GMT
My: ---------- Updated: GLP LGI * FSK RVT* RITM (NRZ) GLO* GPP AVK* USA* ARCC GLQ* KYN* CAPL * = a CEF 1... Total Dividend/Distribution currently (COB Friday with current MktPrc's): 10.50% 2... Book Value change: RITM 12.16 3... Current Insider buying activity: AVK 8/2 375sh @ 11.84 ... current MktPrc 12.52 GLO 8/9 15,000sh 5.04 ... current MktPrc 4.93 6/15 20,000sh 4.94 GLQ 8/9 15,000 6.27 ... current MktPrc 6.13 6/15 20,000sh 6.20 Live Long and Prosper....
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Post by Fearchar on Oct 15, 2023 13:49:36 GMT
I took xray's list of funds and ran an efficient frontier analysis on them. It was constrained by Green Plains Partners LP (GPP) to the time period between July 2015 - September 2023. Of course, this is back-wards looking and that does have problems. Anyhow, here is the raw result. Thank-you!
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Post by mnfish on Oct 17, 2023 12:47:01 GMT
How is it possible that GOF's premium dropped 80% (now at 4.51%) since 9/30?
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Post by yogibearbull on Oct 17, 2023 14:52:31 GMT
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Post by liftlock on Oct 17, 2023 20:17:31 GMT
The CEF chart is a good illustration of the risks of owning any CEF trading at a significant premium to NAV.
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Post by yogibearbull on Oct 17, 2023 21:51:39 GMT
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Post by anitya on Oct 18, 2023 3:18:18 GMT
yogibearbull, Has Nuveen always stuck to the original term structure schedule or have they ever extended the liquidation date to a later year? (I ask because not all term structure CEFs have kept to the original schedule. In an AUM gathering industry, it is always tempting to hang on to AUM.) Thanks.
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Post by retiredat48 on Oct 18, 2023 3:56:05 GMT
yogibearbull,...thanks for heads-up. Was not aware of this. Will investigate. R48
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Post by yogibearbull on Oct 18, 2023 12:15:54 GMT
yogibearbull , Has Nuveen always stuck to the original term structure schedule or have they ever extended the liquidation date to a later year? (I ask because not all term structure CEFs have kept to the original schedule. In an AUM gathering industry, it is always tempting to hang on to AUM.) Thanks. These newer term-structures have evolved only within the last 5 yrs. So, we may have to wait for 2030s to actually see what happens. I have looked at their prospectus languages (from Pimco, Nuveen, Thornburg) and the language looks solid without much out. So, clearly, the CEF must be LIQUIDATED according to the schedule, OR a TENDER/redemption offer must be made, and if a specified majority of the CEF holders accept the tender offer, a smaller residual fund may continue. There is no other out. The older term-structures typically had temporary extensions by fund trustees AND CEF continuation with shareholders' vote (that in most cases goes through). So, past examples are only for the older term-structure. Anyway, I am taking full advantage of this inefficiency NOW because this distinction isn't understood generally. In recent selloffs, sometimes the discounts for the newer-term structure CEFs have widened to even more than their regular CEF cousins, and that shouldn't happen in a rational world. IMO, the original purpose of the newer term-structure was to address the CEF discount issue, but that hasn't happened in the market. I also thought that Pimco had a series going for them with with PDO (2021), PAXS (2022) but the expected 2023 entry didn't materialize (they are all PDI cousins and for some reason people cannot have enough of it). It could be that the bond market has been just very negative/difficult for the last 3 years, or another bright idea that didn't pan out. Whether one accepts their general value thesis, they are at least great for TLH but one has to ignore their lower AUMs and very short histories - that is by the nature of their designs.
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Post by anitya on Oct 18, 2023 19:44:27 GMT
Thanks, yogibearbull. Why does not your name show up in Quick Tag? Can you fix it? I like to reply to specific poster(s) to keep other posters who like to spit out of a moving bus out of the conversation. When somebody's name does not show up in Quick Tag, I end up using the Quote function but that is not always efficient. "[T]he original purpose of the newer term-structure was to address the CEF discount issue, but that hasn't happened in the market." Quite ironic. The opposite happened. Yah, there is a lot of irrationality and inefficiencies in the market which keeps hopes and dreams of active management and trading perennially alive! We can add PDX to the "P" series, except that I think NRGX term does not end until 2043(?).
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Post by chang on Oct 18, 2023 19:50:39 GMT
Thanks, yogibearbull . Why does not your name show up in Quick Tag? anitya Your name also does not show up on Quick Tag. I suspect it has to do with setting your privacy status as "invisible".
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Post by yogibearbull on Oct 18, 2023 19:53:25 GMT
@ anitya , I am showing up on my list if Quick Tags. I can even tag myself (but why would I do that?). It seems that there is a limit of 10-12 names on Quick Tag and then All. No explanation beyond that. Edit/Add: When a new page starts on a multipage thread, Quick Tag list starts over with the people only on that page. Not sure if All would catch everybody. This may be why some posters insist on using All tag. All catches only those on the same page ( just tested). Also, chang may have a point related to poster privacy option.
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Post by anitya on Oct 18, 2023 21:44:38 GMT
@ anitya , I am showing up on my list if Quick Tags. I can even tag myself (but why would I do that?). It seems that there is a limit of 10-12 names on Quick Tag and then All. No explanation beyond that. Edit/Add: When a new page starts on a multipage thread, Quick Tag list starts over with the people only on that page. Not sure if All would catch everybody. This may be why some posters insist on using All tag. All catches only those on the same page ( just tested). Also, chang may have a point related to poster privacy option. I see your name in Quick Tag on all threads where you are participating, except this one. I even clicked on All and your name is not included. You are on this page several times. I do not think I ever had this problem with your name before but occasionally I did have this problems with others. if I am on my computer I type in but when I am using iPad, it is inconvenient to type a long name like yours. I do not understand why my Privacy settings would randomly cause this issue. I do not think I ever changed my privacy setting. "I am showing up on my list if Quick Tags." Did not know there is a list - How do i get to the list? I forgot where you mentioned about final MM rules regarding gates, liquidation fees, etc. I had to look up the rules as a brokerage rep was BSing. Here is the document in case you want to add to your relevant posts - www.sec.gov/files/rules/final/2023/33-11211.pdf
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Post by retiredat48 on Oct 20, 2023 16:48:26 GMT
yogibearbull ,...thanks for heads-up. Was not aware of this. Will investigate. R48 yogibearbull,...Just read an article from an alpha income service that highly recommends holding JPI now...that the current discount may be mostly captured in the end of term structure. Along these lines: that JPI is a term CEF allocating primarily to preferreds; its attraction entirely in its likely discount amortization next year when it will likely offer investors an exit at the NAV - as previously happened with its sister fund JPT. Goes into detail how JPI may avoid any downward pressures of liquidating...etc. R48
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Post by yogibearbull on Oct 20, 2023 17:27:17 GMT
retiredat48 , good that you are on it now. JPI having the old term-structure means that the termination date isn't for sure as a shareholder vote may change that. This may defeat the SA angle of small discount closing up at termination. Even with termination as scheduled, you will have a set liquidation/redemption date (8/31/24) for this holding whether you want it or not. New term-structure CEF NPFD or ETF PFF remain alternatives in this space.
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Post by richardsok on Oct 21, 2023 21:48:53 GMT
New Pimco UNII numbers are out. Some funds are starting to show improvement. A few of the rolling 3-month coverages are: PAXS 121 % (!) PHK 93 PTY 94 RCS 105 (!) PDI 92 -- but shows a neg .59 UNII
None of them show any meaningful positive UNII
FWIW.
(For full report, Google PIMCO UNII and download)
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Post by retiredat48 on Oct 22, 2023 15:00:47 GMT
richardsok,...if my memory is right, PAXS paid out a December bonus divy special last year. Was surprised a new fund could do this. Maybe this year too?? Also will be interesting if PDI et al have some bonus cap gains in Dec to offset negative UNNI concerns. R48
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Post by yogibearbull on Oct 22, 2023 15:27:28 GMT
PDO (2021- ) and PAXS (2022- ) are just cousins of the older and much bigger PDI. Ivascyn and Murata are involved with all. PDO and PAXS have the newer term-structures (12 + 2 with premium/discounts then disappearing), so they are newer and smaller - by design. Pimco started out conservatively with distributions for PAXS at $0.1167 (and the initial knock against it was who would buy them with "low" distributions). So, there was an extra yearend CG distribution, and later in 2022, the distributions were boosted to $0.1494. www.cefconnect.com/fund/PAXS
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Post by xray on Oct 22, 2023 19:07:23 GMT
rumi,ECE Prof,johnsmith,steelpony10,@fpajerski,retiredat48,uncleharley,Ultima Thule,xray,shridog,richardsok,
MY: Updated (COB 10/14 to show insider buying activity): Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div% ..... 10/1 .... Last Insider Buy/Sell .... % Holding 10/1 GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 ...... 35.32 ... 20,000sh/32.49 ........... 6% LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 ..... 16.04 ... None .......................... 2% FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 ..... 19.69 ... 1,000sh/20.61 ............ 4% RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 ..... 14.78 ... None ......................... 6% RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 ....... 9.29 ... 32,000sh/7.84 ............ 2% GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 ...... 5.41 .... 15,000sh/5.04 ............ 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 ..... 14.88 ... 18,000sh/12.94 .......... 6% AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 ..... 11.73 ... 375sh/11.84 ............... 2% USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ...... 6.07 .... 1,000sh/6.05 .............. 6% ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 ..... 19.47 ... 15,000sh/17.84 ........... 6% GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 ...... 6.73 .... 15,000sh/6.27 ............ 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 ....... 9.95 .... Sold 1.4Mil/?? .............. 6% CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 .... 21.69 .... 32,000sh/18.38 ............ 4% EFC ................... xx.xx ................. xx.xx ...... xx.xx ....... xx.xx ..... xx.xx ..... xx.xx .... None ........................... 2% (new - Data next Post/Time constraint) HGLB* ................ xx.xx ................. xx.xx ...... xx.xx ....... xx.xx ..... xx.xx ..... xx.xx .... Sold 1,400sh/9.77 ........ 2% (new - Data next post/time constraint) * = a CEF with "ONLY NAV's shown" ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward) Note: Data reviews last 2-wk's of ending Qtr's (March/June/Sept/Dec) where Mutual funds and CEF's changing their portfolio's (normally very similar for buy/sell activity) for shareholder reviews> News items during market activity or insider buying activity is a "red Flag" to re-analyze holding. Normally carry 16 securities in portfolio for 100% with no one security greater than 6% (with buying/selling activity in 2% increments for "dollar cost averaging). Currently tracking 15 securities with 58% investment and 42% cash.... NOTE: Market has been going lower and some bargains have already shown themselves. However, always however's, we don't buy into a consistent down market trend and with all of the current unknowns IMHO.... ---------- Updated ( COB 10/22: Security ... Avg (all crashes) ....... 12/31 .... 9/9 ....... 9/23 ...... 9/23 Div% ..... 10/1 .... Last Insider Buy/Sell .... % Holding 10/221... GLP .................... 24.88 ................ 34.77 .... 30.99 ...... 32.76 ..... 8.20 ...... 35.32 ... 20,000sh/32.49 ........... 2% 2... LGI * .................. 15.43 ................ 16.01 .... 16.82 ...... 16.23 ...... 8.69 ..... 16.04 ... None .......................... 2% 3... FSK .................... 18.97 ................ 17.50 .... 20.63 ...... 19.83 ..... 14.20 ..... 19.69 ... 1,000sh/20.61 ............ 4% 4... RVT* .................. 14.35 ................ 14.61 .... 14.35 ...... 14.77 ....... 8.34 ..... 14.78 ... None ......................... 2% 5... RITM (NRZ) .......... 8.54 .................. 8.17 .... 10.13 ........ 9.66 ..... 10.42 ....... 9.29 ... 32,000sh/7.84 ............ 2% 6... GLO* ................... 5.68 .................. 5.81 ...... 5.75 .........5.40 ..... 12.91 ...... 5.41 .... 15,000sh/5.04 ............ 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... 7... GPP .................... 12.37 ................ 12.96 .... 13.26 ....... 15.28 ..... 12.09 ..... 14.88 ... 18,000sh/12.94 .......... 6% 8... AVK* .................. 12.26 ................ 12.31 .... 12.23 ....... 11.78 ..... 13.18 ..... 11.73 ... 375sh/11.84 ............... 2% 9...USA* ................... 5.39 .................. 5.90 ...... 6.32 ......... 5.39 ..... 10.63 ...... 6.07 .... 1,000sh/6.05 .............. 6% 10. ARCC ................. 18.62 ................. 18.47 .... 19.57 ....... 19.22 ..... 10.07 ..... 19.47 ... 15,000sh/17.84 ........... 6% 11. GLQ* .................. 7.01 ................... 7.20 ...... 7.14 ......... 6.71 ..... 12.61 ...... 6.73 .... 15,000sh/6.27 ............ 2% comment: 2022 data performance is not the same as this year as (read back older messages on both GLO/GLQ when their distributions were unsustainable and were classified as "avoid". Both CEF's lowered their distributions at the end 2022 to $0.0483/monthly and $0.0599/monthly respectively for the "YEAR" of 2023. NAV is expected to go up IMHO. Distributions are changed only once a year (November announcement). Very good for income oriented investors who buy at bargain prices and just monitor them for the 2023 year IMHO.... 12..KYN* ................... 9.75 ................. 10.06 ..... 10.17 ....... 10.22 ..... 9.68 ....... 9.95 .... Sold 1.4Mil/?? .............. 6% 13..CAPL .................. 19.72 ................. 19.83 ..... 19.48 ....... 20.48 .... 10.37 .... 21.69 .... 32,000sh/18.38 ............ 6% 14..EFC ................... xx.xx .................. xx.xx ...... xx.xx ....... xx.xx ..... 14.72 ..... xx.xx .... None .......................... 4% (new - xfr Data next month post/time constraint) 15..HGLB* ............... xx.xx .................. xx.xx ...... xx.xx ...... xx.xx ..... 14.01 ..... xx.xx .... Sold 1,400sh/9.77 ........ 4% (new - xfr Data next month post/time constraint) 16..HESM ................ xx.xx .................. xx.xx ...... xx.xx ....... xx.xx ..... 12.01 ..... xx.xx .... None ........................... 2% (new - xfr Data next month post/time constraint) 17..FCT* ................. xx.xx .................. xx.xx ...... xx.xx ....... xx.xx ..... 14.72 ..... xx.xx .... None ........................... 2% (new - xfr Data next month post/time constraint) CASH ...............................................................................................................................................................40% * = a CEF with "ONLY NAV's shown" ** Crash #'s and 12/31 numb3rs shown are NAV changes where applicable (NAV's for CEF's). We must keep in mind that MktPrc's are behavioral reaction to the market while NAV's are "true value" numb3rs.... *** Excludes year end (EOY) payouts and any dividend/distribution changes during 2023 **** Comparisons of analytical data shows how well (or not) securities are maintaining their required 10% distributions/dividends (currently and going forward) Note: Data reviews last 2-wk's of ending Qtr's (March/June/Sept/Dec) where Mutual funds and CEF's changing their portfolio's (normally very similar for buy/sell activity) for shareholder reviews> News items during market activity or insider buying activity is a "red Flag" to re-analyze holding. Normally carry 16 securities in portfolio for 100% with no one security greater than 6% (with buying/selling activity in 2% increments for "dollar cost averaging). Currently tracking 17 securities with 60% investment.... NOTE: 1... Market has been going lower and some bargains have already shown themselves. However, always however's, we don't buy into a consistent down market trend and with all of the current unknowns IMHO.... 2... On the other hand, some MktPrc's may never be as reasonable as currently "IF" a investor is following the higher NAV's and "Book Values" IMHO. Also, not everything goes up or down in changing markets and thus, as we were taught in college days, having a portfolio of 16 securities or more "REDUCES" our "RISK" against some of the MktPrc crashes currently being observed.... 3... Some of the investors, who use CEF's, understand that we have "progressional" managers (managing our portfolio's) who are supposed to protect market downturns from excessive losses. In effect, we should be managing the managers with buy/sell's accordingly... 4... When the market again turns positive (in our lifetime), we should be aware the previous market BuyPrc's will not go up in a straight line and we will have plenty of time to "dollar cost average" up. The current problem, as I see it (single opinion) is that we have to be holding the correct % of portfolio going forward to take advantage of what is taking place..... Live Long and Prosper...
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Post by xray on Oct 23, 2023 21:42:20 GMT
xray, mnfish, richardsok, Broozer, steelpony10, uncleharley, Fearchar, yogibearbull, liftlock, anitya, retiredat48, chang, 1... CAPL ... CrossAmerica Partners LP Maintains Quarterly Distribution Quarterly distribution of $0.5250 per unit attributable to the third quarter of 2023 ALLENTOWN, PA (October 23, 2023) – CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of $0.5250 per unit attributable to the third quarter of 2023 (annualized $2.10 per unit). The distribution attributable to the third quarter is payable on November 10, 2023 to all unitholders of record on November 3, 2023. CrossAmerica will host a conference call on November 8th at 9:00 a.m. Eastern Time to discuss third quarter 2023 earnings results, which will be released after the market closes on Tuesday, November 7. 2... GPP ...OMAHA, Neb., October 19, 2023--(BUSINESS WIRE)--Green Plains Partners LP (NASDAQ:GPP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.455 per unit on all of its outstanding common units for the third quarter of 2023, or $1.82 per unit on an annualized basis. The distribution is payable on November 10, 2023, to unit holders of record at the close of business on November 3, 2023. 3... ARCC ... Why This Warren Buffett Stock With an Ultra-High Dividend Yield of 10% Is a Screaming Buy Right Now. There's a lot to like about this Buffett stock. Warren Buffett likes dividends. His Berkshire Hathaway (BRK.A 0.29%) (BRK.B 0.29%) portfolio is loaded with dividend stocks. The legendary investor talked about dividends quite a bit in his latest letter to Berkshire shareholders. Buffett doesn't own all that many stocks that pay jaw-dropping yields. However, you might be surprised what you'll find if you look hard enough. Here's one Buffett stock with an ultra-high dividend yield of 10% -- and why it's a screaming buy right now. A Buffett stock with a twist No matter how hard you look, you won't find Ares Capital (ARCC 0.11%) listed among the holdings of Berkshire Hathaway. But Berkshire -- and by extension, Buffett --- does own the stock. 4...HESM has a current dividend 7.59% {12.01% shown last post above is incorrect) Live Long and Prosper....
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Post by xray on Oct 23, 2023 21:45:23 GMT
xray, mnfish, richardsok, Broozer, steelpony10, uncleharley, Fearchar, yogibearbull, liftlock, anitya, retiredat48, chang, HESM ... HOUSTON, October 23, 2023--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) ("Hess Midstream"), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.6175 per Class A share for the quarter ended September 30, 2023. The distribution represents an approximate 2.7% increase in the quarterly distribution per Class A share for the third quarter of 2023 as compared to the second quarter of 2023. This increase consists of an approximate 1.5% increase in Hess Midstream’s distribution level per Class A share in addition to the quarterly 1.2% increase per Class A share consistent with its target of at least 5% growth in annual distributions per Class A share through 2025. Live Long and Prosper....
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