Traders Cooperative

[Joe Stocks]

>>Bot ALIN-A and ALIN-B preferreds. Special situation and risky. Divindends suspended. <<

Sold the A's at 3.82 and bought an equal amount of B's. at 4.05.

A's are 7.25% and the B's at 8.50$. As of today the B's have about $2.12 in accrued dividends, and the A's $1.81. If they ever start paying div's again, at a 8% yield the B's will be worth $26.50, and the A's at 22.62. Well worth swapping them out for the 22 cent difference for this risky and very speculative trade. ALIN is profitable and should do well being energy related shipping. Altera Infrastructure is privately held. 1% of portfolio.