KCAP Financial’s subsidiary refinances a CLO. Routine or something revolutionary ?
Something unexpected happened to Newtek Business Services and changed our investment plans.
The BDC Reporter recaps many of the stories which made the news – and our new Daily News Table – in the week ended Friday October 13, 2017. First of a new weekly feature for Premium subscribers.
BDC common stocks sag and fixed income firms and several individual securities jump all over the place.
The FBI bursts into a Newtek Business subsidiary…
Saratoga Investment adjusted earnings surprise to the upside, but there’s more to the story.
MVC Capital responds to an activist shareholder with proposals of its own.
BDC common stocks – mostly – in revival mode. Fixed Income in the eye of the storm.
As a temporary measure, we are parking the BDC Reporter’s four new tables of information, which include disclosure about our holdings; a comprehensive BDC News Of the Day list; current Watch Lists for the 3 investing strategies that we employ and the BDC Fixed Income Table. Readers can check back here regularly to access the latest updates on all 4 tables.
We launch the BDC Investor to share with readers how we translate our research into investment action.
The BDC Reporter launches a new feature for News Of The Day Premium Subscribers: wall-to-wall news coverage of the public BDC sector in a easy-to-use format…
A portfolio company of 4 BDCs files for Chapter 11 and we consider the implications.
3 Special Situation opportunities and 1 removal.
As we expected, Capitala Finance takes an axe to its dividend. The BDC Reporter updates its Dividend Outlook rating and looks at the prospects for the whole sector in the year ahead.
A dissident shareholder at MVC Capital makes its case about how the BDC should be run.
BDC common stocks cause a September Surprise. Fixed Income is all over the place.
BlackRock Capital calculates returns one way. We take a different perspective and come out on the opposite side of what was intended.
Another new Baby Bond gets issued, a loan booked and a Revolver increased. Plus, a BDC in full “turnaround” schedules its next release date.
A BDC issues new, cheaper unsecured notes, but has anything changed ?