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Posted by
Two Blokes Jun 17 -
Filed in
Stock
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PTA offers an attractive 8.2% yield through monthly distributions, but its narrow discount keeps it at a 'Hold' for now. The fund has outperformed benchmarks since inception; however, it was in an asset class that hasn't seen strong results. Interest rate swaps have helped offset rising borrowing costs for the fund, but future rate cuts are looking limited, so we could see borrowing cost pressures.
