Note: we currently own a small $3,100 position in Uniti Group - representing 3.5% of our Core Portfolio. It's a "high-risk" rated investment with material long-term upside potential, but elevated near-term uncertainty.
The release of an unfavorable ruling in the Aurelius – Windstream (OTCPK:WINMQ) case that led to Windstream’s untimely bankruptcy disrupted our initial investment thesis in Uniti Group (UNIT). Its stock price got cut roughly in half, it suffered credit rating downgrades, and then it slashed its dividend to a minimal level in order to conserve cash in the