With 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.
The 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”.
Most 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…
We 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
The 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.
Capital 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.
American Capital Senior Floating performs better than one might have expected…