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Two very different BDCs reach new 52 week highs: Cion Investment $CION and Fidus Investment $FDUS. Further discussion to come in the BDC Daily Market Update. bdcreporter.com

The Active Investment Company Alliance begins a 2 day virtual conference that is open to all regarding the Business Development Company sector. There are multiple panels on a variety of juicy subjects. The BDC Reporter is a panelist tomorrow. Check it Out. aicalliance.org/aica-event/bdc…

We've been updating the BDC Fixed Income Table with details of the latest Baby Bond $PFXNZ from PhenixFIN (PFX). The debt has just started trading on NASDAQ and - briefly - brings the # of public debt issues to 23. bit.ly/BDCReporter More in the BDC Daily Update later.

test Twitter Media - We've been updating the BDC Fixed Income Table with details of the latest Baby Bond $PFXNZ from PhenixFIN (PFX). The debt has just started trading on NASDAQ and - briefly - brings the # of public debt issues to 23. https://t.co/PKBx00jZBL More in the BDC Daily Update later. https://t.co/uttDf6UNV5

Another one bites the dust... A BDC Baby Bond that is. PennantPark's $PPNT 10/15/2024 publicly traded unsecured notes with the ticker PNNTG has been redeemed as expected. Was refinanced with new institutional notes at a 4.0% yield due in 2026, issued in October.

test Twitter Media - Another one bites the dust... A BDC Baby Bond that is. PennantPark's $PPNT 10/15/2024 publicly traded unsecured notes with the ticker PNNTG has been redeemed as expected. Was refinanced with new institutional notes at a 4.0% yield due in 2026, issued in October. https://t.co/17Ga2Y9Vwk

CIon Investment's $CION IIIQ 2021 earnings call just ended. Only surprise was that the BDC can invest in $AINV generated deals like any other lender, despite passive AINV ownership. Disappointed that only 1 analyst bothered to turn up for $1.7bn AUM BDC.

test Twitter Media - CIon Investment's $CION IIIQ 2021 earnings call just ended. Only surprise was that the BDC can invest in $AINV generated deals like any other lender, despite passive AINV ownership. Disappointed that only 1 analyst bothered to turn up for $1.7bn AUM BDC. https://t.co/EJCOzZ4yT9

We are listening to Cion Investment's $CION first earnings call as a listed company. Should be interesting. 78449.themediaframe.com/dataconf/produ…

test Twitter Media - We are listening to Cion Investment's $CION first earnings call as a listed company. Should be interesting.
https://t.co/mH29jWnfli https://t.co/HcDyajDboZ

COMING UP ON THE BDC REPORTER: We're just completing an in-depth IIIQ 2021 Credit Review of Apollo Investment $AINV, which has 144 portfolio companies, of which 13 are underperforming. Sign up for the BDC Reporter bdcreporter.com to read.

test Twitter Media - COMING UP ON THE BDC REPORTER: We're just completing an in-depth IIIQ 2021 Credit Review of Apollo Investment $AINV, which has 144 portfolio companies, of which 13 are underperforming. Sign up for the BDC Reporter https://t.co/z5onf3Lx9i to read. https://t.co/GiAt5mPnJ2

Newest publicly traded Cion Investment $CION reports IIIQ 2021 results and announces IQ 2022 dividend. bit.ly/CIONresults First glance seems positive. Look forward to CC held later and will review in BDC Reporter's Daily Update today or tomorrow bit.ly/BDCReporter

We've rarely seen this happen in 20 years of BDC coverage: Stellus Capital $SCM halts secondary sale of 2.25mn shares of stock, blaming market conditions. bit.ly/SCMhalt We will discuss further in the BDC Reporter's Daily Update for Monday. bit.ly/BDCReporter

test Twitter Media - We've rarely seen this happen in 20 years of BDC coverage: Stellus Capital $SCM halts secondary sale of 2.25mn shares of stock, blaming market conditions. https://t.co/Abis3gMmat We will discuss further in the BDC Reporter's Daily Update for Monday. https://t.co/PKBx00jZBL https://t.co/cxO8QuzIrX

At last ! After weeks of watching the only BDC ETF - the Van Eck sponsored BDC Income - ticker $BIZD - flirt with a new 52 week high - much discussed in the BDC Reporter - a new record has been set: $17.73 vs $17.70 previously, reached in June.

test Twitter Media - At last ! After weeks of watching the only BDC ETF - the Van Eck sponsored BDC Income - ticker $BIZD  - flirt with a new 52 week high - much discussed in the BDC Reporter - a new record has been set: $17.73 vs $17.70 previously, reached in June. https://t.co/JCvPRbGEQ2

Prospect Capital $PSEC has reported IIIQ 2021 results, which seem OK. We updated in the BDC Reporter's Credit Table the number and value of non-performing loans. These are unchanged from IIQ 2021 at two names, with a FMV of 0.5% of portfolio. bit.ly/BDCcredit

test Twitter Media - Prospect Capital $PSEC has reported IIIQ 2021 results, which seem OK. We updated in the BDC Reporter's Credit Table the number and value of non-performing loans. These are unchanged from IIQ 2021 at two names, with a FMV of 0.5% of portfolio. https://t.co/kjXtp0c5RO https://t.co/9QzZauZBBS

BDC UPDATE: Intra-day on Friday, 6 different BDCs have reached new 52 week highs (many are all-time peaks as well). For the week, 9 are at record levels. That's out of 42. More in the BDC Daily Update at bdcreporter.com

"In the last 10 years, private debt AUM has grown over threefold in what was a relatively niche asset class [which] has become increasingly institutionalized, attracting new managers and investors into the space" J Easterly $TSLX on CC

test Twitter Media - "In the last 10 years, private debt AUM has grown over threefold in what was a relatively niche asset class [which] has become increasingly institutionalized, attracting new managers and investors into the space" J Easterly $TSLX on CC https://t.co/2hIGRmszvA

BDC dividends are getting complicated. $MAIN just increased its regular monthly distribution by 2.4% since its last increase in the summer. These dividends will be paid in the IQ 2022. Also paying a $0.10 special in the IVQ 2021. bit.ly/MAINdivvy

test Twitter Media - BDC dividends are getting complicated. $MAIN just increased its regular monthly distribution by 2.4% since its last increase in the summer. These dividends will be paid in the IQ 2022. Also paying a $0.10 special in the IVQ 2021. https://t.co/g7wn3sbMb4 https://t.co/QusDHGgXnF

Just published for all registered readers of the BDC Reporter - bdcreporter.com : an on-the-fly review of Gladstone Capital's $GLAD preliminary IIIQ 2021 key metrics. bit.ly/3nCFMx7 There are a couple of surprises...

test Twitter Media - Just published for all registered readers of the BDC Reporter - https://t.co/7D7qDUwMK2 : an on-the-fly review of Gladstone Capital's $GLAD preliminary IIIQ 2021 key metrics. https://t.co/t85WlwS53m There are a couple of surprises... https://t.co/x8iaemC6XI

FYI: OFS Capital $OFS has just registered its latest public Baby Bond with the ticker OFSSH to trade on the NASDAQ within 60 days. However, in the grey market OFSSH is already changing hands at around $25.5. This will shortly be the BDC's only remaining public debt.

test Twitter Media - FYI: OFS Capital $OFS has just registered its latest public Baby Bond with the ticker OFSSH to trade on the NASDAQ within 60 days. However, in the grey market OFSSH is already changing hands at around $25.5. This will shortly be the BDC's only remaining public debt. https://t.co/Epw1Nx5rgt

The best surprise is no surprise and that was the case for the Ares Capital $ARCC IIIQ 2021 results and a solid/stolid conference call. Management did not tip its cards but we have a guess or two as to what happens next. More in today's BDC Daily Update.

test Twitter Media - The best surprise is no surprise and that was the case for the Ares Capital $ARCC IIIQ 2021 results and a solid/stolid conference call. Management did not tip its cards but we have a guess or two as to what happens next. More in today's BDC Daily Update. https://t.co/RpsFZqBAor

Oxford Square $OXSQ reports lower than analyst expected earnings for IIIQ by 1 cent but above prior quarter. NAV Per Share up 2.4% but number of non accruals increases as FMV reduces. Write-downs ? Don't know. Waiting on 10-Q. See BDC Daily Update after close for more details.

test Twitter Media - Oxford Square $OXSQ reports lower than analyst expected earnings for IIIQ by 1 cent but above prior quarter. NAV Per Share up 2.4% but number of non accruals increases as FMV reduces. Write-downs ? Don't know. Waiting on 10-Q. See BDC Daily Update after close for more details. https://t.co/XbixeTEesx
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