BDCL News and Press, UBS AG London Branch FR SP E-TRACS REDEEM 24/05/2041 USD 25 From 03/20/20

Gainers:  VS 2X VIX Short Term (NASDAQ: TVIX )  +81.1% . More news on: VelocityShares Daily 2x VIX Short-Term ETN, Direxion Daily Real Estate Bear 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, News on ETFs, Stocks on the move, Read more ...

Whenever CNBC breaks out its “Markets in Turmoil“ chyron, markets tend to rally. Not this time! This is my 21st year in the capital markets. I have seen some crazy stuff. Actually, 99% of the stuff I have seen is boring stuff, but it’s the crazy stuff that I remember. ...

Recap/Focus of Article: On 2/27/2020, Main Street Capital Corp. ( MAIN ) reported quarterly net investment income (“NII”) of $0.615 per share and a net asset value (“NAV”) as of 12/31/2019 of $23.91 per share. In comparison, I projected MAIN would report quarter...

Co-produced with PendragonY and Trapping Value While we sold Newtek Business Services ( NEWT ) back in July, we still liked the company and continued to monitor it, waiting for an attractive re-entry price. That point has now been reached due to the recent brutal market sell of...

Introduction/Recap: On 2/10/2020, Prospect Capital Corp. ( PSEC ) reported quarterly net investment income (“NII”) of $0.185 per share, earnings per share (“EPS”) (also known as “ net assets resulting from operations” ) of ($0.030), and a net asse...

Recently, Ares Capital ( ARCC -0.5% ) and Goldman Sachs BDC ( GSBD -0.1% ), business development companies that lend to mid-sized companies, are turning to the U.S. investment-grade bond market to refinance their own debt loads. More news on: Ares Capital, Goldman Sachs BDC, Golub Ca...

Author's Note: Prospect Capital Corp.'s ( PSEC ) fiscal year-end, based on Generally Accepted Accounting Principles ("GAAP"), is June 30th of a given year. As such, PSEC's fiscal second quarter of 2020 ends on December 31st of a given year. Focus of Article The focus of this article is t...

Last September, I covered Business Development Companies (BDCs) in " BIZD: Attractive 9% Yield, But Widening Credit Spreads A Risk ," which explained that, while I like BDCs for their yield, there were some macroeconomic risks that made me apprehensive to invest. Recent data suggests that it m...

Since the Great Financial Crisis, investors have had to look for alternative ways to earn interest on savings and investments. A common investment theme I have across lately is the need and want for high-yield. One thing that I learned about investing, early on in my career was not to focus on...

Focus of Article: The focus of this article is to provide a detailed analysis with supporting documentation (via three tests) on the dividend sustainability of Owl Rock Capital Corp. ( ORCC ) over the foreseeable future. This analysis will be provided after a brief overview of ORCC’s ...