I had a couple of small moves today.
music selection: “Brilliant Disguise” — Bruce Springsteen
I received rights from GLO to purchase more shares. I wasn’t interested in doubling my position so I sold the rights this morning for .1498 per share on 1098 shares. This generated 163.13 in cash, which I am accounting for as a dividend from GLO. GLO is up 33.81% on price alone since January of 2017. Of course, I bought this as part of my fixed income allocation and am up 99.04% if you consider all distributions.
I have had a good till canceled sell order open on my FET bonds for some time. It cleared market today at par. I originally purchased 7 bonds of CUSIP: 34984VAB6 (later converted to: 34984VAC4) for 90.5 cents on the dollar on 18JUN2019. I paid 7 dollars in commissions and 96.01 in accrued interest. Today’s sell at 100.00 was offset by 7.75 in commissions and benefits from coupon payments and accrued interest of 1,775.75 over the holding period. That is good for 26.90% return on a bond that was always “money good” and very safe or 13.73% annualized. A very good return for a fixed income investment.
I know I’m late with this month’s Financial Transparency post and will get that out tomorrow evening. For now, it is “Miller Time”.
Devour your prey raptors!