LIBOR interest rates are on the move up, and BDC investors are expecting a big pay-off. The BDC Reporter warns that’s unlikely to happen and explains why.
The BDC Reporter reviews the multiple conflicts of interest Goldman Sachs BDC’s Investment Advisor.
First in a series reviewing key issues in Triangle Capital’s recently published annual filing. We begin with an analysis of TCAP’s credit performance…
We use Solar Capital’s stock price as a canary in the coal mine indicator for the direction of the BDC sector rally.
Ares Capital issues its 10-K. We analyze the returns and the risks in its two joint ventures with even larger asset management organizations.
Medallion Financial’s stock price continues to climb in advance of its earnings release. We offer our view as to who should be a buyer and who should not.
Stellus Capital Investment has filed a new Prospectus. Is an equity or debt raise in the offing ?
Fifth Street Floating Rate has reduced its distribution. We discuss sustainability at the new level, and the future of this problematic BDC.
Medallion Financial’s stock up 32% in a few days. We suggest one possible reason culled from an SEC filing.
Fifth Street Finance offers up an Incentive Fee concession to shareholders in a preliminary SEC Proxy filing. We are underwhelmed.
Energy-BDC OHA Investment has a large shareholder which long time BDC investors will recognize by name.
PennantPark Floating Rate issues new equity a year and a half after buying MCG Capital. How have shareholders fared ?
Here’s the number one challenge Fifth Street Finance faces as the stock hits an all-time low.
Fifth Street Finance’s stock price drops like rock on poor credit, lower distributions. We add some more facts and figures.
We review Prospect Capital’s earnings release, and worry anew about the sustainability of the distribution, even if nobody else does.
The third Chapter 11 bankruptcy of the year where BDC debt is involved impacts Medley Capital.
Apollo Investment is getting out of Energy and CLOs, but there’s a potential price to pay for shareholders. We analyze the IVQ 2016 earnings release.
Avanti Communications appoints two new Board members from organizations which are Investment Advisors to BDCs who own the troubled company’s debt. Any conflict ?
A Medallion Financial subsidiary restructures with the SBA. We analyze the new agreement.
A look at Ares Capital’s just announced allocation of taxable income in 2016.
