December brings one of the biggest BDC news story of the year: FS Investments – and its public BDC FSIC – part ways with GSO Blackstone and bring in KKR. The market shrugs its shoulders but the BDC Reporter does not. Here’s what’s happened and why investors should care.
BDC Earnings Season is over. We discuss where both the BDC common stocks and fixed income segments stand with three weeks left in the year. Guess who’s had the better 2017 to date ?
On Friday December 8, there were two BDC news items worthy of brief, additional comments: thin insider ownership at one fund and a canny new financing from another.
Busy BDC News Day with Medley Capital’s full year earnings at the forefront. We preview our MCC view and that of National Securities then discuss two expected dividend announcements ; a resetting CLO and a heap of insider share purchases and more besides. We also update our Premium readers on why we bought two Baby Bond issues, and updated the Fixed Income Table.
We wrap up the news from a handful of BDCs on a slow day. A new high is reached, a dividend maintained, a thumbs up given and a securitization completed.
Besides publishing two feature News Of The Day articles affecting NMFC and TCRD, the BDC Reporter reviews developments at 4 other BDCs. The principal uniting thread: what’s going to happen to the dividend ?
A major retailer may be headed to bankruptcy. Two publicly traded BDCs are about to do some reckoning.
We review New Mountain Finance ‘s dividend sustainability after 22 unchanged pay-outs in a row and come to a surprising – and controversial to many – conclusion.
Not a great week for BDC common stocks. We provide specific examples. BDC Fixed Income is different. We provide more specific examples.
With all but one BDC having reported earnings, there’s plenty going on in the BDC Sector. We offer insights into 7 different funds.
After months of waiting the new Investment Advisor at Oaktree Specialty Lending reports the BDC’s latest results. Is the long suffering of OCSL’s shareholders over ?
CM Finance juggles its debt arrangements to save money. Will that be enough to stave off future liquidity issues and maintain its distribution ?
BDC common stocks come out of the cellar. Fixed Income does the expected.
MVC Capital launches its second stock buy-back of the year. Will this be enough to boost the stock price towards book value and satisfy its disgruntled “activist” shareholder ?
Before the open on Monday November 20, the BDC Reporter has a long laundry list of BDCs in its sights and for a host of reasons.
Another wild week in BDC common stocks after most earnings released. Fixed Income has some stories of its own.
A long, hard march for OHA Investment is coming to an end.
A popular BDC issues its third unsecured debt offering . It’s part of a sector-wide phenomenon, which we’ve been discussing for months.