Corporate Capital Trust merges into FS Investment which becomes FSK. We review the challenges shareholders face with a new balance sheet following a two year decline. Turnaround ahead or an endless slog forwards ?
The FS Investment-Corporate Capital Trust merger has gone through as expected. Looking forward, we review the biggest challenge facing the newly enlarged and renamed BDC.
The BDC Reporter provides an update on the FS Investment price level and uses the opportunity to communicate some hard-to-swallow thoughts about what BDC shareholders might expect in whatever the next crisis might be.
FS Investment – just weeks away from a major merger – hits a 52 week low in price. We provide some context; throw around a few possible explanations and speculate what the BDC’s famed Investment Advisor might do in response.
A mixed week in the BDC sector but the trend is still to the upside. The BDC Reporter also discusses the monumental changes underway amongst the bigger BDCs and what that might mean for the future.
In an expected but still major development, Corporate Capital Trust merges into FS Investment and the second largest public BDC is about to be born. We discuss the terms, the uncertainties and the investing opportunity involved.
Mixed messages about the short term direction of the BDC Sector. The BDC Reporter, though, quantifies how drastically the shape of the sector will change in the next 2 years and which could yet cause BDC prices to shift.
BDC Fixed Income prices are modestly higher. More importantly, the landscape for unsecured BDC debt changes before our very eyes.
As forewarned earlier in the week, BDC common stocks are in rally mode, and may go higher. The BDC Reporter, though, looks a little further out…
BDC Fixed Income prices did not move much on the week, but the outlook for the entire sector for years to come shifted dramatically.
A watershed week for the BDC Sector, but not for the usual reasons.