A quiet week. We negotiated new investment loan and we will get the money after the formalities are done. Most likely we receive the loan to our account 2nd week of June. Terms of the loan were acceptable but not great. We already have a plan for that money.
We also increased a bit of our portfolio. We bought 40 shares of Leggett & Platt @31,22 USD and 2 shares of Genuine Parts Company @84,11 USD. First one will increase our this year income by 24,5€ and second one 2,5 €.
Now this week passive income summary. On Monday we received 34 € interests from our COOP memberships. On Thursday we received 23,84 € dividends from Taaleri. AGM authorized the board to announce second dividend maximum of same amount, effective until next AGM. This means that if corona does not affect too much we may receive more dividends later this year from Taaleri. On Friday we received 19,97 CAD dividends from Transalta Renewables Inc which is approximately 13,06 € and 10,15 € from LTC Properties. We are still waiting Main Street Capital dividends to arrive.
In May we collected total of 436,98 € passive income, which is a bit less than 442 €/month what is needed for the target. If our bank had not failed to transfer dividend from Main Street Capital to our account, we would had meet this target. Luckily February was strong and our cumulative passive income is still on track, 2,78 € ahead actually. We also beat our 2019 May income by 4,3%.
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