ORCC - BDC Baby Bonds Offering Yield-To-Maturities Of 7% To 20%
Quick Article Follow-Up
As mentioned earlier this month in "Heavily-Discounted Monthly Dividend Payer," Business Development Companies continue to trade at depressed values for many reasons including being considered small-cap, financial sector, and high yield, all of which have been subject to indiscriminate selling.
This includes PennantPark Floating Rate Capital (PFLT) which is one of the 14 BDCs that I was actively purchasing in March 2020 and again on May 12, 2020, just after the company reported favorable results. Also, this was just before my recent article discussing the company and pricing: