A watershed week for the BDC Sector, but not for the usual reasons.
With BDC earnings season almost at the quarter way mark, the BDC Reporter shares some observations and does some plain speaking.
On the cusp of the most interesting Earnings Season in years, BDC stocks remained in a narrow range. We look forward to the debate about extra leverage but also beyond…
Is more change afoot at Oxford Square Capital (formerly TICC Capital) ? On May 1, 2018 investors may find out more.
TICC Capital undergoes a name change. We speculate as to why…
Another Week To Forget for BDC common stocks, but is worse to come ? We continue to place the market meltdown in context.
TICC Capital reports IVQ 2017 results but leaves the BDC Reporter – as usual – with more questions than answers.
No news to speak of, but much going on in the markets for BDC stocks and many earnings releases to come. One BDC falls a little further down a steep slope.
Besides publishing two feature News Of The Day articles affecting NMFC and TCRD, the BDC Reporter reviews developments at 4 other BDCs. The principal uniting thread: what’s going to happen to the dividend ?
BDC common stocks come out of the cellar. Fixed Income does the expected.
We are one-third of the way through BDC Earnings Season. Surprise ! Surprise ! Things have not gone as one might have expected.
A credit implosion; a portfolio sale, several earnings calls and many stocks hitting new lows. Highlights from the BDC Daily News Table.
On July 6 2017 TICC Capital held its annual Shareholders Meeting at which three issues were put to a vote. On July 7, 2017 TICC reported the results, which we discuss below. We were surprised by one outcome relating to the issue of selling stock below NAV. The BDC Reporter gives its view as to one course of action the Investment Advisor might take which some shareholders would not approve of and might mightily move the stock price:
BDC Exposure: $54mn.
Securus Technologies is in the midst of a buy-out. Activists have challenged the deal at the FCC. The BDC Credit Reporter assesses the chances of a last minute block.
TICC Capital has received “exemptive relief” from the SEC to co-invest with sister funds. BDC Reporter discusses the implications for the BDC’s shareholders, but also provides a bigger picture summary of what this type of waiver of shareholder protections means for good or ill for all BDC shareholders. A dull but important subject with many long term implications.
