OCSL - Exceptional Opportunity To Buy Investment Grade Baby Bond With A Yield 7.1% From Prospect Capital

Co-produced with PendragonY for High Dividend Opportunities.

Summary

At High Dividend Opportunities, we always are looking for juicy dividends trading at attractive valuations. This week, we spotted a mispriced investment grade baby bond that's currently yielding 7.06%. The bond being discussed in this article is the Prospect Capital Corporation 6.875% Note (PBC) maturing in 2029, and is issued by Prospect Capital (PSEC), one of the largest business development companies (BDCs) which makes debt investments (loans) and equity investments in smaller-sized companies. It also invests in collateralized loan obligations