TSLX - Sixth Street Specialty Lending: 8% Yield And NAV/Share Growth
2024-01-26 08:10:00 ET
Summary
- Sixth Street Specialty Lending is a BDC that benefits from economic growth and higher interest rates while offering an attractive yield.
- TSLX has a solid track record of NAV preservation and growth, and has given investors a 273% total return over the past 10 years.
- The company maintains a prudent investment strategy, with 91% of its portfolio in first lien senior secured debt and has good portfolio diversification.
It's hard to keep up with the market these days, as bad economic news could be good news and vice versa as it relates interest rates. That's why a more level-headed approach may be to simply buy income generating stocks such as BDCs that benefit from economic growth even if that means we are in a higher-for-longer rate environment, since most of their debt investments are floating rate....
Sixth Street Specialty Lending: 8% Yield And NAV/Share Growth