I know we have many holders of the NuStar floating rate senior notes (NYSE:NSS) that are on the site and I just wanted to pass on that I sold my personal holdings of 400 shares of NSS at $25.95. Just too good to not lock down the capital gain at this point in time.
We had held these 400 shares since 5/2 and bought at $25.18.
As holders know we are in a “floating” rate period for these notes and the interest is being paid at 3 month libor plus a spread of 6.734% so should be in the 9% area right now. This would give us an interest payment of around 56 cents/quarter.
We will look to re-enter the shares if they trade down at $25.10-$25.00 after going ex-dividend in a couple weeks.