Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
I mentioned this one to Pig and Coolius but it may be of interest to someone here or at least study and decide...LANDP...This is a farm land reit specializing more in produce and speciality items for farm land, not row crops such as corn and wheat. It was issued a year ago, but I kind of lost track of it as it jumped to $25.50 immediately and I was still in the middle of chasing and flipping some utes that are now gone. Anyhow bought 500 at $25.73 today and it goes exD next week. Pays monthly. The mechanics of issue is what is most alluring to me. Becomes callable Sept 2018. I doubt that occurs since it was only issued a year ago. Has a maturity date of fall 2021. It they dont call it then it has a 300 basis point penalty added to the yield. Excellent incentive to call issue. So in todays sky high perpetual prices and uncertain rate market this one has nice clarity to it.