B Riley Notes Added Today – An Update
By: Tim McPartland,
In an action we had written earlier in the week that we would take we were finally able to add the new B. Riley 7.5% Senior Notes (NASDAQ:RILYZ) to both short/medium duration portfolios. While we paid $25.10, which was maybe a dime above what we could have paid if we had been a bit more patient, it is a good price and will help rev up the returns in these excellent portfolios.
The purchase means the Medium Duration Portfolio with Zip is 98% invested now and this will hopefully help us make a 8% annual gain (our 2 year mark is in August and we need a gain from income of 1.08% in the next 2.5 months).
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
