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.

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 a higher NAV and a jump in earnings. Why is the BDC Reporter so unimpressed ?

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.

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.

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.

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.