I was surprised (and pained) to see the GAINL issue of BDC Gladstone Investment go on sale right now. The issue is ex dividend today by 13 cents-BUT it is off 64 cents at this time.
This newer issue is a 6.375% coupon with a maturity in 2025. It is off 63 cents right now for a current yield of 6.80%. The issue is a monthly payer.
We are already overweight in this issue so won’t buy more now (we are trying to stay away from buys this week)–BUT if it stays on sale until Monday we likely will go a little more overweight.