I was able to make the repair to the Paypal donation button this morning and it is now operational.
Author: Innovative Income Investor
Paypal Donation Form Broke
As some of you know the Paypal Donation form is ‘broken’. Pressing the button brings up a message ‘This Organization Can’t Accept Donations Right’. Needless to say we do accept donations, but only Venmo or snail mail until we can get the Paypal issue resolved.
I will get it fixed this coming week–a few years ago I could ‘fix’ this myself–but my skills in coding and such things are lacking more and more so I won’t be able to get the tech people on it until Monday.
My apologies for the issue.
RiverNorth/Doubleline Strategic Opportunity Fund Issues New Term Preferred
CEF RiverNorth/Doubleline Strategic Opportunity Fund (OPP) is issuing a new series of term preferred stock.
Via a rights offering to current shareholders the company will be issuing around 419,000 Series C term preferred shares under the ticker (OPP-C). The company has applied to have shares listed on the NYSE. The shares have a $10/share liquidation preference.
The rights offering results can be found here.
The mandatory redemption date will be December 1, 2027. There will be no early redemption feature.
My assumption is the issue will be rated A1 by Moodys as the other 2 preferred issues are rated–the Moodys rating has not been updated since 12/2023.
I have seen not grey market listings yet (nor do I know if it will trade OTC)—we will have to keep an eye open for details on any public exchange trading.
OPP has 2 perpetual preferred issues outstanding with low coupons–4.375% and 4.75% which are trading in the $19 area for current yields in the 5.8% to 6% area.
A Good Day to Take Off
Today there are only a few hours of trading in markets and it hard to get excited about doing much of anything in investing after a off day yesterday and a weekend ahead. Semi-illiquid stocks will be even more illiquid today.
Interest rates are holding at 4.22% and there is no new economic news to motivate prices much up or down. The move lower in rates over the last week or so did finally give our portfolios a little boost–not giant, but at least prices were not falling. This little boost moved some of our portfolios to new all time highs (we don’t withdraw any money from investment accounts), but I have low expectations for the next few months–and 2025 will be a tough year trying to make my 7% hurdle—4-5% is likely easy, but 7%?
Well we have our eldest grand daughter with us today and my wife and her will do our holiday decorating–I am thankful that she will get me out of that task which is on the bottom of my list of favorite things to do.
Well lets get the day started–and coast into the weekend.
Happy Thanksgiving to All
I want to wish everyone who travels through the website a Happy Thanksgiving. !!
The older I get the more I realize how thankful I am for almost everything in my life.
In particular I am thankful for having relatively good health–its hard to enjoy life if your health is going ‘south’. I am thankful for my wife who is more concerned with my health than I am and sees to it that I don’t do too many foolish activities.
I am thankful for our 5 kids and their families. While we have some of the normal family trials and tribulations for the most part our kids and their families are good, productive members of society and we are proud of them all. The 9 grandchildren, who range in age from 2 months to 21 are all a joy to us and keep us plenty busy with all their activities.
I am thankful to have a roof over my head, food in the pantry and an income that allows us to live relatively comfortably. It hasn’t always been this way so I can appreciate not having to lay awake nights worrying how to pay the mortgage.
And I am really thankful to all our readers and contributors to this website. This website was never intended to be such a big ‘project’, but here we are 18 years later (8 since this site began and 10 before that on “The Yield Hunter’) just trucking right along. These websites would not have survived without the near perfect contributions of all the readers and commenters –the self policing of comments relative to politics.
With the above I am thankful for those that have ‘donated’ to the financial support of the site. While no one will get rich on a donation site, it is really helpful to have contributions which cover the operation of a 6,000 page site. Without the contributions just the normal costs of a large website would be unbearable for someone to withstand. So thanks to those generous folks.
I hope all of you have as many reasons as I do to be thankful–so Happy Thanksgiving!!