PSEC - Gladstone Investment: Solid 6.8% Yielding BDC For Retirees Seeking Income

2024-06-05 07:00:00 ET

Summary

• Gladstone Investment is a reliable monthly paying BDC that offers a steady stream of income for retirees.
• The company has shown strong performance over the past year, outperforming peers and increasing its total portfolio value.
• GAIN is positioned for growth, with a growing NAV and the ability to capitalize on future investment opportunities with increased liquidity.
• The BDC has a solid balance sheet with no debt maturing until 2026, which further enhances their ability to capitalize on future deal opportunities.
• Their net investment income is expected to grow slightly over the next two years.

Introduction

I think I can speak for a lot of retirees when I say the most important goal in retirement is a reliable stream of income from strong businesses. Capital appreciation is always great to see, but income reliability is a key metric for those in retirement....

For further details see: