$3,000 transfer threshold dates to 1995 and is unindexed, Michael A. Gayed notes

$3,000 transfer threshold dates to 1995 and is unindexed, Michael A. Gayed notes
Regulators drop $250 transfer rule

Regulators have dropped the $250 transfer reporting rule and left the $3,000 threshold unchanged since its introduction in 1995.

Michael A. Gayed pointed out that, when adjusted for inflation, the $3,000 line from 1995 is equivalent to $1,359 in today's dollars.

Gayed has previously commented on other financial metrics relevant to investors. He noted that high yield credit spreads reached 343 basis points in early November, standing above the 12-month low. In a separate post, he observed that PSEC was yielding 21% while trading at a 65% discount to NAV.

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