Jul. 11 at 5:13 PM
$OXLC For those of us chasing high yield income investments, I'm seeing a lot of crosstalk here between OXLC and ULTY. In my taxable account, I currently hold 46,615 OXLC and 16,000 ULTY. If the OXLC share price does not stabilize above
$4 by the end of August, I am thinking of taking the 7/31 and 8/31 distributions on the DRIP (as I have all distributions to date) to reduce my breakeven level on shares to
$4.36 (24.8% yield @ $.09 monthly)....then going forward, take the DRIPped shares from OXLC each month, sell them the following day for a quick 5% profit, then reinvest the proceeds into shares of ULTY which has a 3x higher yield and more stable NAV and share price than OXLC over the past three months. At
$6.20 per share for ULTY, the ~
$4,350 per month that my OXLC DRIP would provide could buy ~ 690-700 shares of ULTY in the
$6.21-
$6.30 range. Currently, a
$4,350 investment =
$1,132 annual income from OXLC vs.
$3,454 annual income from ULTY with ULTY maintaining stable NAV.
