Decade of Daddy Mirror Fund
Merrill Lynch is sporting a dividend yield of 7%, and Citibank’s equity research analyst is saying its balance sheet is in good shape. The perfect time to strap on a 75,000 share position of MER at US$18.18 for the Decade of Daddy Mirror Fund™.
Over at Decade of Daddy central, the O’Leary Global Equity Income Fund’s (OGE.UN:TSX) NAV is now $10.62, while the units hang in there at $12.12, a 14% premium to NAV. Given the success of KO’s $40 million fundraise for this fund, he’s just announced that he’s going to bring his “Get Paid While You Wait” investment insight to the world of Global Infrastructure investing. CIBC World Markets, RBC Capital Markets and BMO Capital Markets are leading the offering for the newly minted O’Leary Global Infrastructure Fund.