We use Solar Capital’s stock price as a canary in the coal mine indicator for the direction of the BDC sector rally.
Fifth Street Floating Rate has reduced its distribution. We discuss sustainability at the new level, and the future of this problematic BDC.
Fifth Street Finance offers up an Incentive Fee concession to shareholders in a preliminary SEC Proxy filing. We are underwhelmed.
The third Chapter 11 bankruptcy of the year where BDC debt is involved impacts Medley Capital.
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.