Portfolio Change: Active Income Portfolio
We are stepping up and buying defensive infrastructure company DBI. We were hoping to pick the stock up nearer $3.20, however we missed that level. We have elected to ‘pay up’ given the strong trend playing out in the stock. DBI yields ~7%, 60% franked.
Dalrymple Bay Infrastructure (DBI) provides infrastructure construction services. The Company offers port infrastructure and services for producers and consumers of coal exports. Dalrymple Bay Infrastructure serves clients in Australia.
MM are buying DBI in the Active Income Portfolio, allocating 4% around $3.36
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