KDK Fund has purchased shares in Ares Commercial REIT. The price paid was $10.80 per share. The fund now owns shares in Ford, AT&T, Apple, Powershares Build America Bond Fund, and Ares.
Some reasons for the purchase are below:
- Dividends are currently at 9.5%. Dividends are regularly given out around the 15th of the first month of each quarter. There is no expectation to sell these shares.
- This purchase will now add four new days of dividend payments to the fund. The fund now has 28 days during the year where it is receiving dividends. A portion of all dividends received is always reinvested.
- The fund needed to establish some presence in real estate. This purchase will be a good first step.
**All
posts on this blog are information and opinions only. They are not to
be considered recommendations to buy or sell any security. Please do
your due diligence first before trading and investing. Please direct all
questions and comments to the blog or to kdkfund@gmail.com or on
twitter @kdkfund.
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