It is a 300-plus page compilation of my journals and investment research. It is also a representation of the journey we went through together, as you followed along my search for investments with double-digit yields, my thought process and analyses, and even my struggles as a father reaching out to his children following a difficult divorce.
Time flies and this is a good point in time to consolidate all preceding journals to form an e-book, which I’ll publish.
For the quarter ended 31st March 2022, the Double Digit Dividends Fund (‘the Fund’) gained 0.118% after distributing dividends and bond coupons amounting to 0.342%.
Shareholders cannot declare a dividend. That is the role of the Board of Directors. Shareholders, however, can influence the decision of the Board’s dividend policy and decision via their voting rights at the Annual General Meeting.
Taking into account dividends declared and approved by shareholders but yet to be received in the upcoming April to June quarter, the Fund has a gain of USD72,769 in our investments and cash positions in Egypt. That equates to 9.1% over a 15-month period.