BKCC - BlackRock Capital Investment: Know When To Fold'em

• BKCC's discount to NAV tightened to levels seen before the pandemic, lowering the chances of positive risk-adjusted capital gains.
• There is a possibility that NAVPS will increase in the short term as a result of the reversal of write-downs implemented previously to incorporate COVID-19 outbreak disruptions.
• Still, in the medium term, I believe that revenue and NAV will decrease as part of a portfolio recalibration plan that entails reallocating assets to lower risk/return investments.
• Dividend is completely covered by net investment income, and in my opinion, it is safe at least for the next twelve months, providing investors with 14% yield.

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