Here are some of the developments that impacted the BDCX sector in the week ended January 10, 2025, drawn from the BDC Publications News Feed.
The BDC Reporter digs into the data in the BDC Credit Table to review Stellus Capital’s credit status at the end of the IIIQ 2023.
Stellus Capital has announced its IVQ 2023 distribution. The BDC is having a record year where earnings and distributions are concerned. We explain why the stock price is nonetheless 20% off its high.
Stellus Capital reports its final dividends for 2022. This is an opportunity to review what the outlook for the BDC’s might look like in the year(s) ahead, even in the face of a prospective recession.
A strange day in the markets is dissected by the BDC Reporter. In terms of news, Ares Capital issued new shares to its underwriters and Stellus Capital declared IQ 2022 distributions.
A very busy day for BDC news, but only moderate price movements. We welcome a new public BDC, and say goodbye to two public Baby Bonds.
After a brief pause most of the major indices were up, including the BDC sector. One high flying BDC is using the opportunity to issue new shares. We focused principally on a detailed credit review of Apollo Investment.
The major indices rolled onward and upward, but the BDC sector lagged on the first day of the month. A mid-sized BDC dropped sharply in price in advance of earnings that turned out to be pretty good and another player announced a special payout for IQ 2022 already.
The major indices were all up in price on Thursday. So was the BDC sector, ending up just below record levels. Plus, two new BDCs reported earnings, another raised 10 year unsecured debt and another for 5 years while a third player quietly launched a new joint venture. Busy days.
After several days of angst, the major indices – and the BDC sector – bounced back with vim and vigor. Also, a mid-sized BDC increased its regular distribution for a second quarter in a row. We discuss what that might mean for the stock price.
The new month/week began with a modest BDC price rise. However, there was shocking news from one of the most popular – and idiosyncratic BDCs – out there just as earnings season shifted into high gear.
BDC sector prices gained substantially after doing the opposite the day before. Is this drawdown over or have we just begun ? Plus, a BDC raises its dividend and boost its price and two Baby Bonds get early redemption dates.
Stellus Capital had a “solid” IQ 2021 and more of the same seems to be forthcoming in the quarters ahead.
The BDC Reporter has several breaking BDC-related news stories to discuss in our daily summary, plus two important credit developments.
There are several new BDC developments to report on and new highs were prices are concerned.
