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PNNTG - 8% To 10% Balanced Portfolio Yield Investing In America: Part 2
PennantPark Investment Corporation 5.50% Notes Due 2024
Introduction:
Over the coming months, I will have a series of articles discussing how to build a retirement portfolio using Business Development Companies ("BDCs") currently yielding over 12% and their safer notes - baby bonds/preferred shares with yield-to-maturities ranging from 6.5% to 9.0%.
This article discusses Fidus Investment (FDUS) currently yielding 13.5% and its Baby Bonds that trade under the symbols “FDUSG”, “FDUSZ” and “FDUSL" currently with yield-to-maturities between 8% and 9%.
Business Development Companieswere created by Congress in 1980 to give investors an opportunity to