Ye this dang thing with the russel is just shhhhty.
I'm gonna see how it looks after TICC and AINV go EX.
TICC is a tossup here.
Look at AINV now. AINV is @ 8.47
I think they are going ex-dividend on the 18th.
After that russell announcement AINV just turned lower.
I managed to sell my AINV on the 6th and 11th and close out that position with a little bit of profit.
But now I may not do much with BDC's until the mess with the Russell Index blows over.
They have balls of steel doing that right now, or they doin a cash grab.
Biggest holder of TICC --
iShares Russell 2000 Index Fund 826,659 shares
I took 500 today at 26.10.. we'll see if I regret that.
I'll keep my eye on it oherwise.
For that 500 I sold my NYMTP and just did a swap.
I'd rather have the 15% qualified tax rate.
Good God, Zacks actually has a Strong Buy on them.
Meanwhile, Ellington is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 61 cents per share to 62 cents per share, while current year estimates have risen from $2.46 per share to $2.60 per share. This has helped EARN to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position
Try to repost this.. first try got lost.
Etrade shows the othere two prefered as 3/13 (not 3/12).
So CHSCN should also be on 3/13. But it's going to be (13/90 * dividend) .. so not much.
One web site showed the ex date of the other 2 as 3/12.
So chscn should be the same.
They should all have the same ex + pay dates.
But now that I'm thinking about it.. it would be some low PRO-RATED dividend on chscn even if they go ex so there wouldn't be much of a price drop anyway Crud.
I just meant it held up well in the stock market bust of 2008 - 2009.
A good sign if you want to hold long term.
I tried to buy today.. I'll have to login to see if the order hit.
As of about 12:45 it hadn't.
Pretty amazing. If you look at CHSCP (brother preferred).
It didn't take a thrashing when the stock market tanked in 2008.
I can't think of any prefies in that I tracked that didn't go down in 2008/2009.
CHSCP ~ 6.7% yield
CHSCO ~ 6.87% yield
CHSPP @ 1.775 / 25.60 = 6.93% yield
CHSPP probably doesn't have much head room to go up based on the other yields of CHS preferred stock.
But it doesn't seem like a bad preferred to own.
I may swap some of my MFA & NYMT preferred into this as it seems a bit safer and qualifies for the 15% tax rate instead of short term gains on the dividend.
Spammers set to ignore.
I dumped 33% of my AINV just now at 8.71.
Guess there is no sense in holding all of it waiting to see if the axe falls.
Of interesting note.
ARCC has fallen down to it's last secondary price.
Haven't looked at the rest of the BDC's yet.
Trying to add a few more thousand @ 8.71.
Hoping for a divi run.
Hoping I don't shoot myself in the foot as well. : )
Just look at the end of the day.
An order (sell order I presume) happened for 6,000 shares and the stock fell apart.
Down almost 20c after that.
Nice little surprise with AINV today and the down market.