FSAM - No Hope In Sight For Medley Capital
Medley Capital Corp Has Continually Underperformed Their Peers Over Time
Medley Capital Corp () has failed to deliver positive shareholder returns since 2014. The company continues to display results each quarter that include NAV loss and erosion of net investment income per share. This is one of the key metrics used to calculate dividend coverage.
The BDC universe targets payout ratios of 80-100% of taxable income derived from interest income and capital gains (if there are any). MCC had a dividend in the first quarter of 2014 of $0.37 per share. The company also reported,