Portfolio

[Be Here Now]

Since my last update, I have done some buying and selling. I try to continually refine my methodology for allocating my portfolio. I have 3 different accounts - regular, IRA, and Roth IRA - and I reinvest dividends from my high yield companies opportunistically, so it can get complicated. These changes are mostly as a result of an allocation review.

Started a position in BDCL. See PSEC below.

Reduced my positions in HTA and NMFC. Both were over allocated, and I want cash for expected buying opportunities.

Sold all of my position in PSEC. This was the fundamentally weakest of my BDCs. For as much or more yield, but less capital commitment, I started the position in BDCL.

Added to positions in HTGC, TCPC, and WPC.

Revised my list of positions I want to increase. Removed ARCC and OHI.

Revised my list of positions to start: removed BDCL (done); MCEP, MEMP, and MMP (these are upstream MLPs and I have plenty there already); added CEFL, DVHL, MLPL (these are for some time in the intermediate to long term).

Added list of positions to reduce.

Here are the new lists:

Positions to increase:

• BDCL
  
• CSG
  
• EPD
  
• GIS
  
• HTGC
  
• LXP
  
• MCD
  
• O
  
• PG
  
• STAG
  
• TCPC
  
• VTR
  
• WPC
  
• WU
  

Positions to reduce:

• DLR: over allocated, will reduce when total position hits break even
  

Positions to start:

• CEFL
  
• DVHL
  
• MLPL