Trade Alert

Trades Placed

• Purchased 711 shares of RCA at $25.275 per share.

Commentary

RCA (RCA) has been on our radar as a baby bond with an attractive yield and a very short maturity. Shares mature 8/15/2023, so we’re only in this position for a bit over 3 weeks. We expect to get about $25.4375 per share at maturity from the final interest payment plus maturity. We…