TCRW - BDC Market Weekly Review: Breaking Down Shareholder-Friendly Fee Structures

• We take a look at the action in BDCs through the fourth week of November and highlight some of the key themes we are watching.
• Like September, November is likely to be another write-off for BDC investors. However, the strong price action in October has more than made up for these two middling months.
• We break down BDC fee structures with the key takeaway that investors should focus on more than just the lookback feature, as important as it is.
• Redemptions continue in the BDC bond space which further limit investor options in the space.
• We highlight WHF which we recently added to our coverage in the BDC Tool.

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