03.20.15

Hi folks, adding 2 names that will offer – I believe – at least an 11% yield. The CEF spinoff, trade #2, should provide a higher yield and thus the reason I am making it a bigger position than trade #1.

1. Calumet Specialty Products Partners LP (CLMT)
11% Annual Yield; Quarterly Distributions
1.CLMT.03.20.15
We will reinvest the distributions. The position yields 11%.
2. NexPoint Credit Strategies Fun (NHF)

 
CEF approved to spinoff a REIT (yesterday). The fund sells at a 11% discount to NAV. The fund is spinning off a REIT by the end of this month.
$NHF Data from CEF.Connect:
1.NHF.spinoff
1. This is an attractive investment because the CEF, $NHF, is selling at a 11.7% discount to net asset value and is non-leveraged.
2. The CEF, $NHF, is spinning off a real estate investment trust. The terms, approval, dates are below. This spinoff, 1-REIT share per 3-$NHF shares, will occur by the end of the month. We are already starting with a significant discount of 11.7%. The spinoff should add – in my view- the potential for a sizable net return.
Links pertaining to the spinoff:  
 
Links: CEF $NHF info
 
 
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Trade:
1.NHF.Trade
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Todd

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