First week of December is over. As we have fully paid back the investment loan we no longer have monthly repayments. Instead, we made extra mortgage repayment with cash received from sales.
This week we closed our position in Lazard. This was unfortunate purchase in the first place. Somehow, when investigating the company we missed the information that company has another headquarter is in Bermuda. In taxationwise this is problematic as the total taxation is really heavy for us. Also the changes in US taxation at 1st of Jan 2023 accelerated the sales. After 1st of Jan we would have paid 10% witheld tax from gross sale price of the share. These are reasons why we ended up correcting our mistake rapidly. We realized 8.8% annualized net profit with this investment. Even though we made profit the investment was a mistake. We sold Lazard @36,94141 USD
Received dividends:
- 11,61 € from MSC Industrial (November)
- 15,55 € from LTC Properties
- 20,51 € from Gladstone Commercial Reit
- 0,71 € from Gladstone Investment Corp BDC
- 1,47 € from Sabra Healt Care Reit
- 18,62 € from Bank of Montreal
- 10,95 € from A&W Revenue Royalties
- 14,22 € from Transalta Renewables
- 6,53 € from Cibus (December)
- 9,04 € from Cohen & Steers Infrastructure
- 53,94 € from Canadian Utilities
- 69,44 € from Enbridge Inc
Total amount of dividends this week was 232,59 €. In November we received 645,42 € in dividends, which is less than our 725 € monthly target for 2022. Our bank failed to deliver some dividends from Main Street Capital in November.
December dividends are now at 138,95 €.
No comments:
Post a Comment