In the wake of the ex-dividend date for Rait preferreds, pricing is all over the place which has created a sort of arbitrage opportunity; specifically, RAS-A has become much better than RAS-B. This week I switched the 2CHYP portfolio to include RAS-A instead of RAS-B. Essentially, these are pari-passu securities with the exact same risk parameters yet the RAS-A has slightly higher yield and about $1.80 more of capital appreciation potential in the event of redemption or liquidation.

2CHYP Portfolio Snapshot

08/30/2016 2CHYP Performance since inception

Performance Disclaimer.  Past Performance does not guarantee future performance.  Markets are uncertain and there is no level of return that we can guarantee.  Trading of equities can result in material or total loss of principal.

2CHYP Weekly Trade Confirmation Report