BDC common stocks prices are (almost) universally on an upward tear for a third week, and we’ve got the supporting data. Nonetheless, there’s a confusing mismatch between the mood and the fundamentals which leaves the BDC Reporter puzzled.
A compendium of BDC-related credit developments for June 1, 2020.
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.
With BDC earnings season around the corner, the sector’s prices stabilized but individual BDCs remained highly volatile both up and down. The BDC Reporter discusses the upcoming earnings and portfolio releases and their importance in the short and longer term in what looks like a critical year in the history of the sector.
BDC Fixed Income prices drop back after a big rally the prior week, but not too far. We provide the details and take a new snapshot of where we stand in the fourth week of the melt-down of BDC debt prices.
The BDC sector dropped back again last week after a head fake the week before. We review the numbers and evaluate what we’ve been learning from the BDCs themselves all week and what remains unknown.
BDC sector prices continue upwards for another week, but are we reaching a point of resistance ? Also, developments at several BDCs that were in the news this week could spill over into the coming weeks and with unanticipated consequences.
A BDC whose Dividend Outlook we had rated as UNCHANGED has just announced a pay-out increase. We discuss the amounts involved and the outlook going forward.
A BDC portfolio company is being acquired and two BDCs with warrants are likely to book a healthy gain.
With new information recently released by WhiteHorse Finance, we’ve updated the BDC’s Credit Outlook, initially published on May 23, 2019.
The BDC Reporter updates its Dividend Outlook for the next 12 months for WhiteHorse Finance after reviewing the latest results.
With BDC earnings season ended, we’re circling back and looking at the credit performance and outlook for every BDC in turn. Here is a review of WhiteHorse Finance and the BDC Reporter’s credit outlook.
