BDCZ - The Dark Side Of BDCs - Revisited

In a recent article entitled "The Dark Side of BDC Investments," we lay out the investment thesis for MLPs in today’s market environment:

• (1) High Dividend Yield: in a low yield environment with treasuries paying just north of 2%, BDCs catch all the attention with their 8-12% dividend yields.

• (2) Simple Business Model: BCDs source capital at cost X and attempt to reinvest it with return Y - aiming to earn the spread in between. It is simple to understand and particularly profitable if done well.

• (3) Strong Growth Potential: in an

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