Great that you got in at a very good price! Am wondering if FSC had an open order to buy at the low price of the day! If they did I believe in Management more now than at the CC! Never the less I am also happy to add to my holdings at this price, especially after selling a bunch at $10.45 before they swooned! LOL!
FSC financials were not earth shattering however they are deleveraging, moving towards lower risk investments at a risk of lesser returns. Cutting the dividend was necessary as well even though investors really are upset about it happening.
After digesting the report, considered that a 10% dividend would be okay going forward for long term hold, I bid $9.55 for 8k at the open which was filled quickly. It is now at discount to NAV so it is a buy! FSC also advised they would buy shares when price was below NAV, another plus!
J Less......Guess you did not read the SPO news!!!!! Sold 4k at $10.45 on Tuesday, bought 4.5 k of TICC at $9.75. Maybe should have sold all FSC!!!! Still pays nice dividend and if they deploy the 150 million in solid returns, should be okay.
...The discount to NAV is 10.6% today. The yield today is 11.55%. The Fund has foreign assets that have been touted of late as the European economy is showing some recovery. All in all EOD is a very good income vehicle with upside potential. EOD was trading at $10.40 2 years ago so patience is in the fore! Sold half my holdings at $10.38 but have been loading up again in the high 7's but may pick up more if strength appears!