Fifth Street Floating Rate has reduced its distribution. We discuss sustainability at the new level, and the future of this problematic BDC.
Week Seven of our periodic recap of developments in the market for BDC common stocks and Baby Bonds.
Medallion Financial’s stock up 32% in a few days. We suggest one possible reason culled from an SEC filing.
Fifth Street Finance offers up an Incentive Fee concession to shareholders in a preliminary SEC Proxy filing. We are underwhelmed.
Energy-BDC OHA Investment has a large shareholder which long time BDC investors will recognize by name.
PennantPark Floating Rate issues new equity a year and a half after buying MCG Capital. How have shareholders fared ?
Week Six of 2017 has both BDC common stocks and Baby Bonds performing well, with only a few exceptions.
Here’s the number one challenge Fifth Street Finance faces as the stock hits an all-time low.
Fifth Street Finance’s stock price drops like rock on poor credit, lower distributions. We add some more facts and figures.
We review Prospect Capital’s earnings release, and worry anew about the sustainability of the distribution, even if nobody else does.
The third Chapter 11 bankruptcy of the year where BDC debt is involved impacts Medley Capital.
Apollo Investment is getting out of Energy and CLOs, but there’s a potential price to pay for shareholders. We analyze the IVQ 2016 earnings release.
Update on how both BDC common stocks and Baby Bonds fared over the past week.
A sister company of Medley Capital’s Investment Advisor is buying big blocks of stock in the BDC. Thereby hangs a tale…
Avanti Communications appoints two new Board members from organizations which are Investment Advisors to BDCs who own the troubled company’s debt. Any conflict ?
A Medallion Financial subsidiary restructures with the SBA. We analyze the new agreement.
Newtek Business Services reports 2016 tax treatment of distributions and projects 2017. Shareholders will want to know.
A look at Ares Capital’s just announced allocation of taxable income in 2016.
Medallion Financial’s stock and publicly traded Notes hit new lows. Plus, stranger things from Debtwire.
Medley Capital borrows from Peter to pay Paul.