American Capital (ACAS) announces a "strategic review" even as the company prepares to spin off the bulk of its assets into a new Business Development Company in a nod to pressure from its major shareholder, activist hedge fund Elliott Management. Will this "unlock shareholder value" or go nowhere ?

Under-performing KCAP Financial (KCAP) was approached by its 3rd largest shareholder in October, requesting a stock buy-back or a sale of the Company to restore shareholder value. We review the activist shareholder's views, and provide an update on what has happened to date. Part of a series.

A brief update on a major development in the ongoing struggle over TICC Capital (TICC). A judge in Connecticut has ruled against NexPoint and demanded more disclosures from the current Board and postponed the Special Shareholder Meeting scheduled for October 27th. This is getting wild, but the stakes are high for both investors and contenders, albeit in different ways....

The seemingly endless struggle over TICC Capital (TICC) continues, with 2 of the contenders-TICC-Benefit Street Partners & TPG Specialty (TSLX) making dramatic arguments about what will happen to shareholders distributions going forward. We seek to sort fact from fiction, and end with a sobering perspective for TICC shareholders that is also relevant to most BDC investors.