Live From the Desk

Live From the Desk 3

Enhanced Income Fund Update We get a lot of questions surrounding the covered call strategy we use in the Enhanced Income Fund. Here are answers to some of the most common questions: What do we look for? We screen North American stocks looking for securities with the following criteria: high dividend payout, decent volatility and …

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Live From the Desk 2

Enhanced Income Fund Update A hodgepodge of information this morning with a few fund updates: Continuing with our thesis of owning short-dated, refinance candidate bonds, we were pleased last Thursday to see Fibrek call their remaining 7% convertible bonds outstanding. We recently performed a site visit to one of our bonds maturing in 2012 in …

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Live From the Desk 1

Enhanced Income Fund Update We bought an interesting security this week. An insurance company (I won’t tell you which one b/c we are probably buying more) floating-rate hybrid security that floats the US 10 year treasury rate +10bps. This is a great hedge to rising rates in the rest of the portfolio. Even on it’s …

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