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 ?
MVC Capital stares down an activist shareholder.
An analyst is unmoved and a BDC that has fallen a very long way drops a little further.
BDC common stocks rebound. Or do they ? However, BDC Fixed Income issues are both in a state of frequent change and remain just the same.
An activist pops up unexpectedly; a dividend surprise and a comeback. Plus, we complete a tri-fecta.
Gladstone Capital completes its Term Preferred refinancing and we discuss how we invested.
A BDC raises less debt than expected, another gets its rating re-affirmed and much more.
Gladstone Capital prices its latest Term Preferred and surprises us on both amount raised and yield. (This is a follow-up on a September 19 article).