As I had noted last week I was going to do some minor buying–and that is what I did on Friday.
I added a small amount of Sirius Point 8% Resettable preferred (SPNT-B) at $25.27–a little more than I had hoped, but it has plenty of accused dividend as it goes ex dividend 50 cents on 2/15.
It is my assumption that this issue will be redeemed on the 1st available date—2/26/2026. This issue resets at the 5 year treasury plus a massive fixed spread of 7.298%. Assuming interest rates trend down SPNT should be able to refinance these at favorable rates.
These shares help my 7% overall target.
I will add these to the ‘laundry list‘ of holdings.