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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (899)	4/12/2022 4:56:31 PM
From: chowder	1 Recommendation Recommended By red cardinal Read Replies (5) \| Respond to of 21788

Re: Old Folk Portfolio ... Sales With higher interest rates heading our way, I'm thinking the cost of leverage will rise and with that, leveraged CEF's may take a further drop in price and/or cut distributions. With this in mind, the following CEF's were sold: CCD .. UTF .. GDV .. GOF ..THQ .. EIC .. EVG .. JRO With some of the proceeds from these sales I bought positions in: ARES .. BX .. ORCC .. -------------------------- ARES -- Ares Management Corporation operates as an alternative asset manager. The company’s Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. BX -- The company is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. ORCC -- Owl Rock Capital Corporation is a business development company. The fund makes investments in senior secured or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments and common equity investments.