BDCS News and Press, UBS AG Jersey FR SP ETRACS REDEEM 26/04/2041 USD 25

Summary As December 2022 comes to a close, we observe six new preferred stock / exchange-traded-debt (ETD) offerings during the month, offering annual yields ranging from 6.75% to 11.875%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ran...

Summary Part 1 of this article compares ARCC’s recent quarterly change in NAV, quarterly and trailing 24-month economic return, NII, and current valuation to 14 BDC peers. Part 1 also performs a comparative analysis between each company’s investment portfolio as of 3...

GAIN is one of the best-managed companies in the BDC sector, generating top-in-class total returns to its shareholders, thanks to prudent management approach putting shareholder's interest first. A relatively low yield offsets the luxury of monthly dividends, currently yielding 5.6% a...

Based on the regular quarterly distribution of $0.36, we arrive at around a 7.63% distribution yield. This BDC has paid out quite a few supplemental dividends along the way. Despite the attractiveness of this BDC, the current discount isn't screaming a strong buy, as it is about i...

Hercules Capital just raised its upcoming dividend by 6%, to $.32. It'll also pay a $.15 supplemental dividend again in August. Hercules Capital had record Q2 gross debt and equity commitments of over $1.04B. It will benefit from rising interest rates. Looking for a ...

Hercules Capital is a well-run internally managed BDC with a strong track record of growth. It's seeing record levels of deal originations as tech companies delay liquidity exit events due to market volatility. I also highlight the dividend, balance sheet, valuation, and why Hercu...

ARCC recently reported Q2 results. We share 3 important takeaways from the Q2 report. We also provide an updated outlook on the stock, including our expectations for the dividend growth trajectory moving forward. Ares Capital Corp ( ARCC ) is the largest and one of t...

Use PNNT for targeted floating rate exposure. If you're doubtful about the dividend, you have a good reason to be. Hedge your bets with treasuries. Investment Thesis In this article we review PennantPark Investment Corporation ( PNNT ) common shares. The stock ca...

HTGC's regular dividends yield 9.8%, plus its supplemental dividends yield an additional 4.5%. HTGC will benefit from rising rates - its debt investment portfolio has 94.7% in floating rate loans, with interest rate floors. HTGC is 27% below Wall Street's average price target...

Oaktree Specialty Lending has a very convincing dividend growth record. Diversified, safety-first debt portfolio produces downside protection. Valuation discount creates margin of safety. Oaktree Specialty Lending Corporation (OCSL) is currently selling a safe, reces...