BDC common stocks pause and Baby Bonds welcome a new issue.
What does Prospect Capital’s Proxy tell us about the prospect for future earnings and distributions. In a roundabout way, a great deal, as we show.
Taxi medallion prices on the move,two large popular BDCs slip in price while a minnow shoots up.
Most of Wednesday September 13, 2017 was devoted to investigating a huge new BDC coming to the public markets. There’s other news besides in our daily summary.
Facts, figures and a few opinions about a very large non-traded BDC, with a famous name attached, about to come to the public market.
MVC Capital reports, OHA Investment jumps, Medallion Financial sags and we revisit Capitala Finance’s troubles for all readers.
MVC Capital reports a higher NAV and a jump in earnings. Why is the BDC Reporter so unimpressed ?
The BDC Reporter updates an article written August 9 regarding Capitala Finance’s credit performance in the IIQ 2017 that caused the stock price to drop as much as 35%.
Medley Capital downshifts, Alcentra Capital slips and Capitala Finance climbs back. Plus a new, faster way to search.
Is Medley Capital’s amendment of its bank debt a positive or a negative for the troubled BDC ?
BDC Common Stocks head further south, Baby Bonds stay put.
Great Elm Corporation (GECC) prepares to both issue new unsecured notes and sell a large number of insider owned common shares.
Fifth Street Finance and Fifth Street Senior Floating Rate announced the results of the shareholder vote regarding the transfer of their Investment Advisory Agreements to Oaktree Capital Management, a subsidiary of Oaktree Capital Group, LLC.
CM Finance’s results of its fiscal fourth quarter and full year ended June 30 2017 reviewed.
As part of the premium subscription service, the BDC Reporter has compiled a list of all the different BDC Baby Bonds, their tickers, terms and yields. Moreover, we’ve added our assessment of whether early redemption will occur on a name-by-name basis. A critical survey tool for any investor in BDC fixed income.
The BDC Reporter reviews WhiteHorse Finance and asks – as part of its BDC Dividend Outlook series- if the current $0.355 quarterly pay-out is sustainable for another 12 months.
Here is what the BDC Reporter is working on for Tuesday September 5, 2017.
On August 31, 2017 MVC Capital (MVC) filed an 8-K describing a change to its Credit Facility. BDC News Of The Day reviews the filing and analyzes the impact on the BDC’s liquidity and earnings. We end by reviewing where MVC stands following its recent Dutch Auction, and discuss our own investment approach to investing in MVC’s common stock and Baby Bond.
BDC common stocks and Baby Bonds are carving out different market paths, as this week’s review starkly illustrates. The future – though unknown – suggests more differentiation in the results of these two related but very different segments of the BDC Sector.
On September 1, 2017 CM Finance (CMFN) filed its Preliminary Proxy. The BDC Reporter reviewed the document and highlights the key items of interest to shareholders; analyzes the issues raised in the filing and offers up its own view to shareholders on how to vote.