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.
Stellus Capital is switching its dividend frequency again. We review why the BDC is switching back to a monthly payout and what that tells us about the outlook for future dividends.
We share an article from the BDC Credit reporter about a Stellus Capital portfolio company that has filed Chapter 11.
In a follow-up article, we fill in the details about the Stellus Capital unsecured debt raise. The BDC Reporter, though, also shares its thoughts on the BDC’s increasing leverage levels.
For Stellus Capital Investment the IIIQ 2020 was not very different than the prior quarter.
We annotate Stellus Capital’s conference call transcript after a relatively positive second quarter. However, liquidity remains constrained and investors appear undecided as to what to believe.
The BDC Reporter annotates Stellus Capital’s IIQ 2020 conference call transcript and finds many positive developments as well as some things to worry about.
Stellus Capital provides some early disclosure about its non performing loans. The BDC Reporter adds some numbers to the mix and places these credit hotspots in context. We also mention what other companies are on our watchlist.