If August was a quiet month for BDC fixed income news, September has brought many changes, albeit mostly expected. BDC debt prices, though, remain unchanged.
The median price of public BDC debt moved down on the week, but not far. We also discuss what we learned from BDC conference calls about the outlook for multiple debt issues.
BDC stock prices held up well in week two of earnings season. We review the top winners and losers and project what prices might go next.
The BDC Reporter annotates Fidus Investment’s IVQ 2020 conference call transcript.
Fidus Investment increases its distributions, raising the possibility the BDC can return to its pre-pandemic payout level. We review both the FDUS dividend history and its potential future.
We re-publish an article from the BDC Credit Reporter about a non-performing Fidus Investment company. We also use the opportunity to offer up some of the key credit metrics of the BDC following IIQ 2020 results, which subscribers can access in the BDC Data Table.
BDC Fixed Income prices seemed to be headed in one direction just a fortnight ago, but now are moving in unexpected ways. We discuss both sector trends and the path of individual issues and what the future might hold, which is likely to be very different from the past.
BDC Fixed Income prices break through to a new level this week. The recovery, though, is incomplete even if the first BDC earnings results were auspicious.
The BDC sector did not move much overall from a price standpoint for a third week in a row and despite the beginning of earnings season. Big uncertainties,though, remain which the BDC Reporter discusses.
BDC Fixed Income – like common stocks – have a better week price-wise, but there are still strains. Investors look forward to BDC earnings season and what that might mean for fixed income prices and outlook, with three funds in the docket.