Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

Other stocks to watch: ACAS

Love it. Took it hard during the downturn, but management has been executing brilliantly- check the price from Jan 2008.

Still in mid-recovery; my expectations are $20 by the end of the year and $30 sometime in 2015.

Rather than paying dividends now they're buying back stock. A lot of it. Share price has been 60-70% of NAV for most of that time, so this is an investment that will really pay off.

Check Seeking Alpha, there are a lot of good articles. Read but don't place too much weight on a recent one 'ranking' the BDCs; ACAS doesn't present well when evaluated as a BDC largely because they're not paying dividends at this time.

My largest holding by far.