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To: anializer who wrote (33462)2/6/2009 6:09:03 PM
From: Paul Senior  Read Replies (1) | Respond to of 78688
 
AINV. I have some shares as part of a package of bdc's.

I have reduced positions in these companies when they have announced intentions to issue new stock at under book value.


Company in press release still says it might want to issue new shares (Likely below market price and certainly below book value). Book value has been coming down (a negative).

Otoh, dividend yield is still high on current low stock price and the new dividend cut. One has to wonder if the dividend will hold though. Analysts still seem to be negative:

biz.yahoo.com

AINV very disappointing to me: I'm down 2/3 on my purchases. Though that is irrelevant at this instant. Only matters what will happen going further.

Not sure what I will do at this time with AINV. I'd not be a buyer of the stock, so no add for me; maybe just hold.



To: anializer who wrote (33462)3/10/2009 4:55:19 PM
From: Paul Senior  Read Replies (2) | Respond to of 78688
 
Upped my few shares of bdc companies AINV and NGPC by just a few more shares. Super high distribution yield suggests distributions will be cut. I am hoping not all bdc companies will wind up as ACAS and ALD have now become.

finance.yahoo.com