Live From the Desk

Live From the Desk 11

Bond Spreads Ace Cash Express released their earnings at the end of September. We own the 11% 2/1/2019 Senior Secured bond in both the Enhanced Income Fund and the Vertex Fund. Traditionally, the cheque cashing industry received funding from private investors at a rate of 20% annualized. By issuing bonds, the companies lowered their cost …

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