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DoubleLine Opportunistic Credit Message Board

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  • Reply to

    new leverage with DBL

    by jackmaster20 Aug 7, 2013 8:33 PM

    Bot at 22.85 today. The CEFs are really on sale after the Fed fiasco with 20%-25% drops. The Pimco funds have good yield plus you have retained earnings paid at year end. I guess you know about -- cef connect-- if not get there quick.--good luck.

  • At inception until about a few months ago, DBL did not use leverage and it traded
    at a premium and did not use leverage.

    Now after the MBS mess from June/July, DBL now trades with a discount and
    Gundlach is using about 25 % leverage.......to buy non-agency MBS that have
    been reduced in price by the market ???

    I am now long at $ 22.52 and planning for a 8.88 % yield, and maybe more, once
    Gundlach gets all of the leverage invested in relatively higher yielding, non agency
    MBS securities.

DBL
22.68-0.28(-1.22%)Jul 31 4:00 PMEDT

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