Closed my position in Oaktree Specialty Lending Corporation (OCSL) for a small loss. This business development company, BDC, has underperformed others in my portfolio: Ares Capital (ARCC), Main Street Capital (MAIN), Gladstone Investment (GAIN) and Hercules Capital (HTGC).
I used the proceeds to purchase a new holding:
TORM (TRMD)
- UK-based shipping company that owns a fleet of oil tankers
- 19.4% dividend
Also, I had a short term T-bill mature today, so I used those funds to purchase a new holding for my cash reserves:
BlackRock Ultra Short-Term Bond ETF (ICSH)
- 5.23% monthly dividend