CM Finance is now Investcorp Credit Management BDC, but long standing challenges remain, especially where credit is concerned.
We review price developments and new issuance in the BDC Fixed Income segment for the week ended October 25, 2019.
The last BDC to report IIQ 2019 results is the newly renamed Investcorp Credit Management BDC. We review all the key results, the outlook and the stock price to assess how the quarter went.
In the span of a few weeks, BDC sector prices have gone from sleepy to rally. We discuss the possible reasons why and offer our own view as to whether this is merited based on the BDC Reporter’s proprietary research.
Following Investcorp Credit Management’s (formerly CM Finance) latest results, the BDC Reporter has new doubts about the sustainability of the current dividend. We explain why and offer up the BDC’s counter-arguments drawn from the Conference Call.