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We have made a purchase in the 2014/2015 Short/Medium Duration Income Portfolio today. We made the purchase with funds accumulated from the receipt of dividends and interest over the last many months.  In order to maintain returns in the portfolio occasional purchases must be made to put cash received to work and to replace issues that are from time to…

Date Issued   10/6/2012Shares Issued   1,440,000     Overallotment Shares  216,000S&P Rating  NRSecurity Ticker Symbol   KAPMarket Traded ON   NYSEInterest Payment Paid on the 30th of March, June,  September and December beginning on 12/30/2012Quarterly Interest   .461   Annual Interest   1.844Securities may be redeemed, at the issuers option, as early as 09/30/2015 for a redemption price of $25/share plus accrued interestInterest Payment Will NOT…

We have been under the belief that the FED would up the FED FUNDS rate in September--not really because of pure economic reasons, but more just because Yellen wants to have dry powder that can be used in emergency situations in the future.We are maintaining the belief that rates will still be raised in September. The economic numbers in the…

It was a surprise move overnight from China to devalue their currency and there is no doubt that common stocks are hating the move---but income issues, in particular REITs, are fine with the move (or at least the immediate results of the move).REITs are flying today as the 10 year treasury rate is plunging--trading at a recent low of 2.14%,…

As most of you know we build portfolios to 'test' performance of various combinations of investments.  Generally we build them to see how the combinations perform against expected economic conditions in the year ahead ('expected' conditions may or may not ever occur) and we set these up with our own circumstances in mind.  It is impossible to take our readers…