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We have to suspend sending out our Daily Newsletter to BDC Reporter's many subscribers. We might send out a Weekly Summary in 2016. We remind readers of the various sites on which we are active, and offer up email contact information. We wish everyone Season's Greetings.

As you may have heard, the Federal Reserve raised short term rates on Wednesday. Here is a brief review of the impact on the Business Development Company sector, and similar companies, two days in. There are winners and losers early on. Longer term determining who will gain and who will lose is much more complex.

The BDC Reporter takes a snapshot of the BDC sector just before the Fed announcement, and two years into its price meltdown. We discuss both some long term trends and illustrate with a few individual case studies. We end with a few not very startling conclusions and a prediction. We also let readers know how we are deploying capital...

After sparring with a Federal judge and contender NexPoint Advisors, TICC Capital (TICC) is back and has re-scheduled the Special Shareholder's meeting that will decide if Benefit Street Partners (BSP) will be handed the investment advisory keys, and the current manager a big-if still undisclosed- cheque. We bring the narrative at TICC up to date. First of a two...

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.