I spent some time on the phone with IR....basically...........the spo was accretive to book value immediately, approx 1/2 of the capital raised is already spoken for by their investment team, and the other 1/2 is in process of being allocated for investing out......Good raise, love their strategy of increasing BV, slowly increasing div (best long term plan to provide long term value) (if you define value as I do: a growing yield on cost, a favorable payout ratio, a solid, sustainable and slowly growing div, and a growing book value) these things are what build a floor on share price and the floor is getting stronger, plus true long term value in any div stock is the ability to collect the div with a reduced risk of losing the capital invested to get it (or even possibly increase the value of that capital), this is what RSO is doing, thumbs up to the more conservative, long term strategy!
Sentiment: Buy