Friday, March 27, 2015

New Purchase of Shares of Pennymac (PMT)

Today, the fund purchased shares of Pennymac Mortgage REIT (PMT). The expectation is that the security will rise in value and that the dividend amounts payable to KDK Fund will continue to increase. The dividend is paid around the 25th of the first month of the quarter. The fund paid $21.33 per share. Some reasons for the purchase are below:

- 10+% annual dividend
- Diversity in KDK Fund's Real Estate Holdings (Realty Income, Pennymac Mortgage)
- Well run and managed business
- Continued strength in Real Estate Market

**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 or on twitter @kdkfund.

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