OFS Capital: An In-Depth Review Of The Dividend Cut; Future Earnings And the BDC’s Liquidity Challenges

There's a lot to unpack here. First we look at how OFS Capital's earnings and dividends have fluctuated in recent years and why the 50% dividend cut just announced was necessary. We then turn to the BDC's future earnings, still under pressure from a variety of sources. Finally - and in a classic case of burying the lede - we disclose the very serious challenges to the BDC's liquidity, which might have to be resolved in a dramatic fashion.

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