FGB - Income Factory Re-Invests At 12% Rate; 6 Month Total Return A More Subdued 4%
It's hard to find much of anything too exciting to say about the second quarter that we just completed. Like a football team with a strong "ground game," we continued to grind out the yardage with a cash distribution yield slightly over 12% that we can re-invest and compound, growing the income factory output and building cash generation capacity for the future. Meanwhile total return moved into the plus column, with a 4.1% total return for the year through July 10, versus a -2.8% return through the end of the first quarter.
Let's review what