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TRIN - CION Investment: Buy This Discounted BDC Having A Double-Digit Yield
Trinity Capital Inc.
2024-07-30 05:42:30 ET
Summary
BDC stocks have been on a mini slump since June. The "unexpected" Q2 GDB growth may offer a more supportive macro.
CION is a relative new BDC focusing on the middle market, It has NAV discount over 23%, very attractive compared to other BDCs with NAV premium.
CION dividend is over 11% and has been raised recently in June. It is very appealing to income investors. Insiders showed confidences with share purchases in May.