Subject: Re: Rising interest rates
US10Y now at 4.66 and BAM distribution yield is approaching 4.

(0.38 * 4)/38.45 = 3.95% to be precise.

However, unlike the fixed coupon of the sovereign bond, BAM distributions are expected to increase 15 - 20% annually bringing to the total return to a very attractive 19 - 24%.

At these interest rate levels or higher, dollar cost averaging BAM over a period of time, and then holding for a long time should work out fine.