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).