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BBDC - RIV: Likely To Remain A ~12.5% Yielding Closed-End Fund
January, 27 2021 12:56 PM
Barings BDC Inc.
RIV has a conversion feature that will allow shareholders to vote this year on whether to convert to open-end or stay closed-end. Due to the fund's slight premium and high managed distribution rate, I don't believe there will be an enthusiasm to convert. The fund adjusted its managed distribution to reset to the 12.5% managed rate which resulted in a penny per month drop in the distribution rate. For further details see:
RIV: Likely To Remain A ~12.5% Yielding Closed-End Fund
Stock Information
Company Name:
Barings BDC Inc.
Stock Symbol:
BBDC
Market:
NYSE
Website:
barings.com
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