Alcentra Capital: Revised Insider Ownership
Premium Free Activist News Debt Investor Dividend Best IdeasBDC News Of The Day: Alcentra reports what insider ownership looks like after the completion of a big sale on May 22.
Ares Capital: Shareholder Vote Results
Premium Free Activist News Debt Investor Dividend Best IdeasBDC News Of The Day: Ares Capital reports results of recent shareholder votes.
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Ares Capital: Redeems 2022 Notes
Premium Free Activist News Debt Investor Dividend Best IdeasLate in the day on May 22, 2017 Ares Capital announces its intention to redeem “expensive” Unsecured Notes.
Solar Capital + Solar Senior Capital: Shareholder Meeting Results
Premium Free Activist News Debt Investor Dividend Best IdeasTwo Solar BDCs announce the unsurprising results of their annual shareholder votes.
Capitala Finance: To Issue Public Convertible
Premium Free Activist News Debt Investor Dividend Best IdeasIn a BDC News Of The Day item, Capitala Finance is raising new capital through a public Convertible offering, less than 2 weeks after issuing a new Baby Bond.
Medley Capital: Insider Purchases
Premium Free Activist News Debt Investor Dividend Best IdeasBDC News Of The Day reports on “huuuuge” insider purchases at Medley Capital.
American Capital Senior Floating: New Advisory Agreement
Premium Free Activist News Debt Investor Dividend Best IdeasIn BDC News Of The Day, we report on American Capital Senior Floating’s just announced shareholder vote on its new Advisory Agreement with Ares Capital, the name of the BDC notwithstanding.
BDC Market Recap: Week Ended May 19, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasWeek 20 of the BDC Market Recap. Common stocks take a deep breath and Baby Bonds send out contradictory signals.
Apollo Investment: Full Year Earnings And Outlook
Premium Free Activist News Debt Investor Dividend Best IdeasWith a little delay BDC News Of The Day reviews Apollo Investment (AINV) after FY 2017 earnings, the 10-K and the Conference Call transcript are released. Unfortunately, the BDC Reporter is not convinced the stability of book value, earnings and distribution that the Investment Advisor and shareholders crave can be counted on.
Alcentra Capital: Stock Sale And Equity Raise
Premium Free Activist News Debt Investor Dividend Best IdeasThe BDC Reporter finally gets round – with a day’s delay – to reviewing Alcentra Capital’s equity raise and sale. We look less at the details of the equity secondary and more at the many changes going on at the smaller-sized BDC “owned” by the Bank Of New York and come away “disconcerted”.
BDC News Of The Day: May 18, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasThe BDC news load is getting lighter…Insider purchases at PennantPark Investment and Main Street and a management change at Apollo Investment. Speaking of the latter, look for our pending review of the latest earnings.
BDC News Of The Day: May 17, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasMost of the BDC News Of The Day except Alcentra Capital’s equity raise. We review insider purchases and sales at Medley Capital, Capital Southwest and Prospect Capital; review the fruit of MVC’s “financial engineering”; glance at Gladstone Capital’s presentation and more…
BDC Topic Of The Day: OHA Investment IQ 2017 Earnings
Premium Free Activist News Debt Investor Dividend Best IdeasWe review OHA Investment’s latest earnings, 10-Q and Conference Call and come to a dark conclusion about the future of the smallest, most troubled BDC we track
BDC News Of The Day: May 16, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasAll the BDC press releases and filings listed and annotated. The only exception is OHA investment’s earnings release, which we’ll review by itself.
Hercules Capital: A Summary And An Update
Premium Free Activist News Debt Investor Dividend Best IdeasThe BDC Reporter recaps the convoluted story of Hercules Capital’s proposed change of management form up to date, adding the latest twist in the tale from the “independent” directors of the Board. Like a good Broadway show, this is going to run and run.
Great Elm Corporation: IQ 2017 Earnings
Premium Free Activist News Debt Investor Dividend Best IdeasAs part of the BDC Reporter’s Daily News output, we review Great Elm Corporation’s IQ 2017 earnings.
BDC Market Recap: Week Ended May 12, 2017
Premium Free Activist News Debt Investor Dividend Best IdeasThe BDC Reporter updates the weekly movement of BDC common stocks (way down) and Baby Bonds (statue-like) and looks back at the more than year long rally in the former.
Capital Southwest: Proxy Filing
Premium Free Activist News Debt Investor Dividend Best IdeasCapital Southwest’s Proxy filing tackles several issues, some of which should be important to the BDC’s shareholders including a new Chairman of the Board; manager compensation and a change in legal jurisdictions. Boring to many, fascinating to the BDC Reporter.
Medley Capital: Insider Purchases
Premium Free Activist News Debt Investor Dividend Best IdeasNot just another insider purchase story, but another step in a complex investment scheme where Medley Capital’s stock gets purchased by its Investment Advisor and investors brought in by Fortress Investment.