BDC Wrap-Up: Thursday August 23 2018
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- HTGC loses a Controller. His replacement raises a question – whose answer may be banal – about whether the BDC is partly outsourcing its financial management.
- A CSWC purchases shares in the BDC.
The UBS Exchange Traded Note with the ticker BDCS – which is based on the Wells Fargo BDC Index – was up 0.15% on the day from the opening price, ending at $20.74.
That may be up on the day, but still below yesterday’s close of $20.788.
As yesterday, no BDC moved up or down 3.0% on the day, or even came close
Another very slow day where trading in BDCS is concerned
Sluggish.
BDC INVESTOR
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As for our own investing, we have capital to deploy in our fixed income oriented fund and purchased a major position in the latest SAR’s Baby Bond with the ticker SAV at $25.00.
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In another portfolio – also mostly fixed income focused – we sold a smaller position in PSEC’s Baby Bond with the ticker PBY.
No immediate concerns about PSEC – which is reporting annual results shortly – but there are better risk-return opportunities elsewhere so we made room.
Both transactions are reported in the Investment Disclosure.
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