Thursday, March 24, 2016

New Shares in Ares Commercial REIT

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 or on twitter @kdkfund.

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