There’s no joy to be had in the BDC common stocks sector this week or this year. BDC Fixed Income investors, though, have much to be grateful for.
The BDC Reporter puts on its BDC Activist hat to review highlights of Medley Capital’s Annual Proxy. Shareholders of MCC – whose stock price is close to the All Time Low – might not be greatly encouraged…
The BDC Reporter adds a unique feature for Premium subscribers: the 12 Month dividend sustainability outlook for 46 public BDCs. We are both providing a rating for every name and will be updating our analysis on a real-time basis as the BDC world turns. Along with the constantly updated BDC Daily News and the BDC Fixed Income Table, this is our third unique feature for Premium readers. We encourage our free subscribers to check out the new Dividend Outlook Table by signing up for the BDC Reporter’s 14 Day Free Trial.
Catching up on the flood of BDC news, we focus on 4 stories. More on the hook-up of two financial giants; two dividend announcements from BDCs going through business transitions and those continuing outsized insider purchases at one of the industry’s biggest players.
A retailer files for bankruptcy protection as expected and 4 BDCs face the music of loss of income and likely much higher Realized and Unrealized losses while adding more monies.
December brings one of the biggest BDC news story of the year: FS Investments – and its public BDC FSIC – part ways with GSO Blackstone and bring in KKR. The market shrugs its shoulders but the BDC Reporter does not. Here’s what’s happened and why investors should care.
Busy BDC News Day with Medley Capital’s full year earnings at the forefront. We preview our MCC view and that of National Securities then discuss two expected dividend announcements ; a resetting CLO and a heap of insider share purchases and more besides. We also update our Premium readers on why we bought two Baby Bond issues, and updated the Fixed Income Table.
We wrap up the news from a handful of BDCs on a slow day. A new high is reached, a dividend maintained, a thumbs up given and a securitization completed.
Besides publishing two feature News Of The Day articles affecting NMFC and TCRD, the BDC Reporter reviews developments at 4 other BDCs. The principal uniting thread: what’s going to happen to the dividend ?
A major retailer may be headed to bankruptcy. Two publicly traded BDCs are about to do some reckoning.