Privilege Equity Management

Financial Markets. Capital. Notes.

 


Note Portfolio


Publicly-Traded Bonds

CUSIP Description
78490FB40 SLM CORP 6.00%31MTN DUE 12/15/31
78490FYM5 SLM CORP 6.10%21EDNOTES DUE 09/15/21

These two SLM bonds provide The challenge here is that SLM (Sallie May = Student Loan Marketting) might be derailed by the Obama administration. We call that unlikely. These things pay and they pay hard.

Update: the 6.10% 09/15/2021 Education Notes where REDEEMED by Sallie Mae. This means that Sallie matured them early because they can get better rates from the federal reserve or an investment bank vs. the open bond market. This is like a $100 savings bond (that costs $50) being matured to $100 early. This is a good thing.

Privately-Traded Real Estate Notes

Description
Denver, Colorado 80220, 350K, Solid Neighborhood. Prompt payers.
Houston, Texas 140K, Single Family. Prompt payers.

SOME EXAMPLES OF THE TYPES OF INSTRUMENTS THE FUND HOLDS ARE PRESENTED FOR ILLUSTRATION. AS THIS LIST IS INCOMPLETE, IT IS BY NO MEANS A PROSPECTUS.


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