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W. P. Carey Inc. Message Board

  • pruman98 pruman98 Jun 25, 1998 4:10 PM Flag

    For those looking for income

    For those looking for income and good value, I
    have come across a closed end Investment grade
    International Bond fund.
    BBZ- Bull & Bear Global income
    fund. It's share price has recently been bashed due to
    a rights offering. Existing shareholders on the
    record date were given rights. These rights allowed
    their holders to purchase additional shares at $6.15.


    Before the rights offering the stock was trading around
    $8 per share. It is now under $6.5. Itis giving a
    dividend of .07 per month. This comes to over 13% at
    todays prices. I believe the stock should go up to
    around $7.50 a share after those who bought at $6.15
    finish selling. That should take a couple of months.
    While you are waiting for the price to go up you will
    be getting a fat dividend. Sounds pretty good to me.
    If you like the dividend this could even be a buy
    and hold strategy.
    Happy Investing.

 
WPC
64.50+0.07(+0.11%)Sep 29 4:03 PMEDT

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