BDC Fixed Income prices did not begin to match what happened to their common stock counterparts. Also, some good quarterly results did not have their expected impact on the price of the BDCs involved.
This week saw an unexpected and record-making reversal in BDC prices after weeks of red ink. The BDC Reporter also speaks to the outlook for the rest of 2020.
Bain Capital Specialty Finance had a good third quarter 2020 by all measures but – burdened by the mistakes of the past – the outlook for the dividend remains gloomy.
OFS Capital surprises with a better-than-expected IIIQ 2020. However, uncertainties continue to abound.
BlackRock Capital Investment – despite bearing a highly respected name – had yet another poor quarter – possibly the worst of any public BDC.
The best performing BDC common stock of 2020 – Horizon Technology Finance – hits a speed bump with its IIIQ 2020 results.
BDC favorite Main Street Capital announces an unchanged distribution level for the first quarter of 2021 but something is different…
Capitala Finance provides a third quarter 2020 positive surprise but long term questions abound.
As expected, S&P has granted Prospect Capital’s new Perpetual Preferred offering a BB rating. The BDC Reporter digs into the Prospectus to discuss the implications for all stakeholders of the controversial BDC.
BlackRock TCP Capital may not be back to its pre-Covid earnings and dividend level but another positive quarter is in the rear view mirror.
A bad week for BDC common stock prices but OK for debt investors. However, the week ahead could provide more turmoil and test BDC Fixed Income for a third time in eight years.
This was a miserable week price-wise for BDC common stock investors. Just how bad ? The BDC Reporter spells out the damage and frets about the days ahead.
For Stellus Capital Investment the IIIQ 2020 was not very different than the prior quarter.
We count the many ways Capital Southwest performed well in IIIQ 2020 and one potential cause for concern.
The expectations of the management of Fidus – and the BDC’s result – have swung wildly in the last 6 months. In the IIIQ 2020 most everything’s coming up roses.
A calendar reminder about Great Elm Corporation’s upcoming IIIQ 2020 earnings release, which could be very informative.
Going by the key metrics Hercules Capital had a good IIIQ 2020, with one notable exception. The BDC Reporter has a first look.
Main Street is not deterred by the bankruptcy filing of one of its restaurant companies. Indeed, the BDC – and sister fund HMS Income – are doubling down and – with an equity partner – acquiring the assets of the bankrupt business.
“Ask and you shall receive”. Hercules sought SBA approval of a new SBIC license back in June and has just received a favorable response. We discuss the implications for Hercules, but also for other BDCs with SBIC ambitions.
The two public BDCs managed by Oaktree Capital are going to merge in a transaction that will be favorable to Oaktree and – to a lesser degree – to the two sets of shareholders involved.