Portfolio Impact of the DIS and FOXA Transaction

In March, the Disney (DIS) and Twenty-First Century Fox (FOXA) transaction was completed.  Over a year ago, Disney agreed to purchase a portions of FOXA assets at a value of $71.3B.  This post is published to record the impact on the portfolio as well as my subsequent allocation between my accounts.  Below are the details of these transactions.

Recent Sell - Omega Healthcare Investors, Inc. (OHI)

Last summer I decided to make the plunge and purchase one of the most popular REITs among retail dividend growth investors, OHI.  Well, not quite a year later and I've regretted the decision nearly as soon I made the decision to buy it.  Now that prices have recovered to levels close to where I initially purchased, I have decided to sell my relatively small position to allocate the capital elsewhere with much less industry (SNFs and ALFs) and regulatory risk.  There are a select few REITs that I currently own (LAMR, KIM, WPC, and CLDT) and would rather be invested in either of them rather then be exposed to the risk and rewards currently associated with OHI relative to current valuations.  The funds received in connection with this sell are held in a Roth IRA account and so the capital will likely be allocated towards purchasing additional share of KHC and/or WPC where my equity positions in both of those companies also reside.  Below are the details of the OHI transaction including the gain and loss calculations.

Recent Sell - Compass Minerals International (CMP) and Telefonica (TEF)

Today unexpectedly became an active day in the market for me.  I have the Yahoo Finance app installed on my phone and I typically will open up the app and take a look at my watchlist that I set up within the app in additional to the Google sheets file I have here on my blog.  When I opened the app I noticed many consumer staples were taking a hit; more on this in my next post.