RAIT Senior Notes Now Trading
By: Tim McPartland,
August 22, 2014 10:35 am
Reader shadetreethinker has reminded us that the new RAIT Senior Notes are new trading on the NYSE under the ticker RFTA. The coupon on the issue is 7.125% and it is now trading at $24.80.
While RAIT is not a quality issue it does have short duration (5 years) and this makes it an interest to us. We may buy a small position to continue our move toward short durations.
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We wrote on this issue here and further details are linked on this page.
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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.
