I'm of a similar opinion as liza on reinvesting distributions.
Buy when the trust is early.
I take distributions and buy dividend growth companies that has a low yield now but will have a high yield on cost later.
IMO its foolish to DRIP a trust. Maybe a perpetual one but certainly not one with a termination clause like WHZ has.
You've been around these boards long enough to know what liza meant and that she knows her trusts. Why you are making a big deal of this is another question.
TCAP has been flat because of two main things (IMO)
1: Premium to NAV is way high. Was at 1.9 for awhile. Most BDCs will be at or slightly above 1.0
2: Rising interest rates. Existing fixed rate will not be as valuable as future ones. I'd have to wonder what TCAPs % of loans are floating rate vs fixed rate.
What ARCP doesnt have that O does is a management team that has some self control. They were hell bent on being the biggest trip net lease player, quality of growth be damned.
Its like you heard a few buzzwords and are trying to use them but don't actually know what they mean to be able to use them properly.
It means their legal worries, laws, taxes, and concerns compound with each new country that they will deal with.
It means they now have to worry about forex exchange rates.
" hold only 200 shares of this stock and you will be fine."
That is pretty pointless advice. You don't know what other people's portfolio size is nor their portfolio strategy.
Easler: Its refreshing to see a new investor who has done their due diligence. Most people come in talking about yield have no idea what they are investing in with trusts.
I haven't readjusted my estimates for about a year now but I too am thinking $20+ in distributions coming our way
Sure it will be a game changer.
Next fiscal quarter my #$%$.
Where are these articles saying they are unveiling a product next quarter?
Haven't seen this mentioned on any site and I thinks its great news
I listened to the recorded conference call and they mentioned they had $27 million in unpaid taxable income... about $1.02/share.
You gotta love it when your company's biggest problem is their 9.2% annulaized yield (with special) is not enough and they have to pay more.
Guessing it will be the same.
Last Q NII was $0.59 which makes a 90% payout ratio right at $0.54.
Since their share price hasn't increased much I presume an SPOs havent brought in their usual increased value to existing shares.
I sold out a couples Qs back and am in PSEC and TCPC. TCAP has a steep P/B premium.
If you are nervous about a position you have too much weighting of your portfolio in it for your experience and account size.