BDC Fixed Income prices do nothing very surprising on the week. However, the BDC Reporter is startled by Prospect Capital’s newest Baby Bond offering and its implications for the BDC debt market more generally.
The BDC common stock rally edges forward in a quiet week for the sector. What BDC shareholders decide in the weeks ahead may change the momentum.
Prospect Capital is tapping the public market for unsecured debt. Here are early details, analysis and the BDC Reporter’s initial speculations, plus an update.
As projected by the BDC Reporter, Saratoga Investment increases its regular distribution. We provide a new rating through February 2019 and introduce readers to the exclusive club of our BDC Dividend Raisers portfolio.
We mine the latest Alcentra Capital Proxy in light of the huge changes in ownership over the past year and look to the future.
Multiple reasons why we purchased under-performing MVC Capital as part of our Special Situation strategy.
BDC Fixed Income prices perk up…a little, as bond markets are roiled. Otherwise, not much happening as BDC issuers wait on the markets.
The BDC Common stock rally hangs in there for another week. The BDC Reporter – in a thoughtful mood – looks backwards and forwards at both stock prices and credit risk.
Why we invested in Goldman Sachs BDC prior to the upcoming shareholders meeting as part of our Special Situations strategy.
After reviewing Alcentra Capital’s latest results, the BDC Reporter affirms its previous Dividend Outlook for the next 12 months.
Goldman Sachs BDC is offering a big fee concession and asking shareholder approval to leverage up the balance sheet. We’ve done the numbers as best we can and come to a surprising conclusion.
We provide the key reasons why we purchased Monroe Capital’s common stock multiple times back in February and March. Third in an ongoing BDC Investor series.
Two more Baby Bond casualties of the Small Business Credit Availability Act.
Third in a new series where we explain the premises underlying our investment activity.
Second in a new series where we explain the premises underlying our investment activity.
BDC Fixed Income prices drop along with about everything else as rates rise. However, we look beyond to the changes being wrought by BDC enthusiasm for the Small Business Credit Availability Act. This could go any number of ways.
Thank goodness for the BDC Reporter’s reputation as a sector psychic, the BDC rally rolled on. There’s room to run and reasons that could happen.
A gas driller files for bankruptcy. TPG Specialty is the only BDC with exposure. How will the BDC fare ?
Apollo Investment has made major – and overdue changes – to its compensation arrangements, announced along with FY 2018 earnings. However, we continue to stay away from the stock for 5 reasons given.
We dig into Gladstone Investment’s results after a Very Good Year for the BDC.