insane to me that you can buy stocks (spot) that are fully backed and give you dividendswith nothing but an internet connectionno KYC, no contact info, nothingthis is not appreciated enoughhttps://t.co/Rcw0EqcfZF ...

Equity Issuance & Cash Reserve - The company issued $144 billion of equity in eight and a half days [1] - The equity issued is enough to cover 21 months of operation [1] - The company has 74 years of dividends covered by its Bitcoin holdings [2] - The company aims to grow its cash reserve to cover two to three years of dividends, targeting the end of 2028 or January 2029 [2] Bitcoin & Dividend Strategy - The company addressed concerns about selling Bitcoin to cover dividends [2] - The company does not anticipate needing to sell Bitcoin to pay dividends, given the built-up cash reserve [3]

Core Insights - The article provides a market analysis focusing on Ares Capital Corporation, VanEck BDC Income ETF, and Morgan Stanley Direct Lending Fund [1] Group 1: Company Analysis - Ares Capital Corporation is highlighted as a significant player in the business development company (BDC) sector, with a strong portfolio and consistent performance metrics [1] - VanEck BDC Income ETF is noted for its diversified exposure to various BDCs, which may appeal to investors seeking income and growth [1] - Morgan Stanley Direct Lending Fund is discussed in terms of its strategy to capitalize on direct lending opportunities, reflecting a growing trend in the investment landscape [1] Group 2: Market Trends - The analysis indicates a rising interest in BDCs and direct lending funds as investors look for alternative income sources amid fluctuating market conditions [1] - The performance of these funds is influenced by macroeconomic factors, including interest rates and credit market dynamics, which are critical for assessing future growth potential [1]

Distribution Announcement - Royce Global Trust, Inc. has declared an annual distribution of $0.19 per share on its Common Stock, payable on December 24, 2025, to stockholders of record at the close of business on December 11, 2025 [1] - The distribution can be received in additional shares of Common Stock or in cash, depending on stockholder election [1] Estimated Sources of Distribution - The estimated allocation for the distribution includes $0.1336 per share from net investment income (70%), $0.0564 per share from long-term gains (30%), and no amounts from short-term gains or return of capital [2] - The amounts and sources of distributions are estimates and may change based on the Fund's investment experience and tax regulations [2] Company Overview - Royce Global Trust, Inc. is a closed-end diversified management investment company listed on the New York Stock Exchange, focusing on investments in U.S. and non-U.S. common stocks, generally with market caps up to $10 billion [3] - The Fund employs a disciplined value approach to invest in global equities, with an average weekly trading volume of approximately 65,001 shares as of October 31, 2025 [3][4]

Market Seasonality & Trends - Seasonality is considered unreliable for investment decisions, despite historical trends like "sell in May and go away" [1][2] - A rocky November preceded positive S&P 500 price targets for 2026 from banks, averaging 7580 [3] AI & Technology - Concerns exist about the consensus that AI will bring endless profitability, questioning if capital expenditure on AI is wise, given uncertain returns for end-users [6] - The current data center buildout for AI is reminiscent of the internet era's bandwidth buildout, suggesting a potential retrenchment [7] Investment Strategy & Market Breadth - The "easy money" in the market may have already been made, prompting a search for new investment opportunities [7][8] - The market is expected to broaden out beyond the same seven to ten popular stocks [9][10] - Investors are starting to look beyond hype, focusing on companies with solid earnings, dividends, and cash flows [11] Risk Assessment - Overexcitement and consensus can signal the end of bull markets [5] - Bitcoin is viewed as a short-term proxy for risk-on/risk-off sentiment, influencing algorithmic trading [11]

Core Viewpoint - Neuberger Berman Real Estate Securities Income Fund Inc. has declared a distribution of $0.0312 per share, payable on December 31, 2025, with a record and ex-date of December 15, 2025 [1]. Group 1: Distribution Details - The Fund anticipates making regular monthly distributions of $0.0312 per share, subject to market conditions [2]. - Future distributions may consist of net investment income, net realized capital gains, and return of capital, with compliance to Section 19 of the Investment Company Act of 1940 [3]. Group 2: Company Overview - Neuberger Berman is an employee-owned, independent investment manager founded in 1939, managing $558 billion across various asset classes for global institutions and individuals [4]. - The firm has over 2,900 employees in 26 countries and has been recognized as the 1 Best Place to Work in Money Management by Pensions & Investments for eleven consecutive years [4].

Group 1 - Omnicom's Board of Directors has increased the quarterly dividend to $0.80 per share, reflecting a $0.10 increase from the previous quarterly dividend [1] - The annual dividend has been raised to $3.20 per share, which is a $0.40 increase compared to the prior annual dividend [1] - The increased dividend is payable on January 9, 2026, to shareholders of record as of December 19, 2025 [1] Group 2 - Omnicom is recognized as the world's leading marketing and sales company, focusing on intelligent growth [2] - The company utilizes its Connected Capabilities to integrate agency brands, talent, and expertise across various sectors including media, commerce, and advertising [2] - Omnicom aims to address clients' growth priorities and deliver sustainable growth [2] Group 3 - Omnicom has successfully completed the acquisition of The Interpublic Group of Companies, enhancing its position in the marketing and sales industry [3] - The acquisition has received unconditional clearance from the European Commission, indicating regulatory approval [4]

Core Viewpoint - Grindr's two largest shareholders have withdrawn their $3.46 billion offer to take the dating app private due to financing concerns, despite previously offering a 51% premium over the stock price [1][2]. Company Developments - The special committee of Grindr ended negotiations, stating they could not obtain satisfactory information about definitive financing [2]. - Shareholders Ray Zage and James Lu, who own over 60% of Grindr, expressed confidence in the company's ongoing strategy and highlighted a projected full-year revenue growth of about 26% [3]. Financial Performance - Grindr's shares have decreased by 29% this year, attributed to challenges in the dating industry, including slowing user growth and rising "swiping fatigue" [3]. - Despite the decline, Grindr's stock has outperformed competitors Match Group and Bumble [3]. Shareholder Actions - Following the withdrawal of the buyout offer, Zage indicated plans to purchase additional Grindr shares and urged the board to consider expanding stock buybacks and dividends [2]. Historical Context - Grindr was acquired in 2020 from Kunlun Tech after U.S. regulators raised national security concerns, and the company went public through a SPAC merger in late 2022 [4].

Core Insights - Seeking Alpha is recognized as a popular platform for dividend investors to research and select funds or equities that meet their income and appreciation needs [1] Group 1 - The Schwab U.S. Dividend Equity ETF is highlighted as a significant investment option for value investors [1] - The author has a background in private credit and commercial real estate mezzanine financing, indicating a strong foundation in financial analysis [1] - The author has experience working with top commercial real estate developers, which may provide valuable insights into market trends and investment opportunities [1]

Group 1 - Berkshire Hathaway, led by Warren Buffett, holds positions in over 40 publicly traded companies, with six being components of the Dow Jones Industrial Average [1] - Four out of five of Berkshire's largest holdings are Dow stocks: Apple, American Express, Coca-Cola, and Chevron [1] - Berkshire's public equity portfolio is valued at approximately $302 billion, with its property and casualty insurance businesses considered even more valuable [4] Group 2 - Visa is the largest among the major credit card companies in terms of market capitalization and transaction volume, benefiting from a network effect that encourages more merchants to accept Visa [5] - Visa converts nearly half of its revenue into free cash flow, indicating high operational efficiency [6] - Visa operates a capital-light business model, partnering with financial institutions to issue cards, thus avoiding credit risk and the obligation to pay user rewards [7][8] Group 3 - Visa has a predictable runway for future growth, recently rewarding shareholders with over $22 billion in stock buybacks and dividends [9] - In contrast, American Express spends more than double on cardmember perks than it collects in annual fees, highlighting a different financial strategy [10]