Triangle Capital is down to the final strokes of selling its assets and becoming externally advised. We review the Proxy, highlighting both what’s commendable and what less so before shareholders vote.
BDC Fixed Income prices perk up…a little, as bond markets are roiled. Otherwise, not much happening as BDC issuers wait on the markets.
BDC Fixed Income prices drop along with about everything else as rates rise. However, we look beyond to the changes being wrought by BDC enthusiasm for the Small Business Credit Availability Act. This could go any number of ways.
A watershed week for the BDC Sector, but not for the usual reasons.
Like in “Jaws’, the surface of BDC Fixed Income market seems calm. Underneath the surface, though, new dangers lurk. Some Note Holders might be wishing they had brought a bigger boat.
In a week with much back and forth about BDC leverage stock prices head modestly higher. We discuss trends, highlight an unexpected Biggest Loser and discuss the impact of the new law.
Our first thoughts about the just announced two step sale of Triangle Capital and some lessons learned.
Another Week To Forget for BDC common stocks, but is worse to come ? We continue to place the market meltdown in context.
BDC common stocks had another tough week. Matters could get worse. Much worse, as we discuss. However, we end on an optimistic note.
This was a Nothing Week for BDC common stocks, but that’s likely to change shortly. The Fixed Income Sector is dealing with multiple negative dynamics, but briefly increased in size during the week.