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Added Hennessy Advisors Baby Bonds

I mentioned this morning that I added to a current position in Hennessy Advisors 4.875% baby bonds (HNNAZ) which have a maturity in 2026. I had mentioned last week that shares had fallen 50 cents so I then entered a GTC order–thinking it might well NOT execute.

My good til cancelled order executed yesterday at $23.35. I consider this an addition to my ‘safe’ bucket–in particular with maturity in 2026. At this price my yield to maturity is pretty close to my 8% target.

I will add this to my laundry list of holdings.

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