BDCY News and Press, ETRACS 2X MONTHLY LEVERAGED WELLS FARGO DIVERSIFIED BUSINESS DEVELOPMENT COMPANY

The rapid growth of private equity and credit has been a persistent theme over the past two decades. BDC growth accelerated after the Global Financial Crisis as middle-market bank lending was constrained by subsequent legislative and regulatory responses to that event. BDCs earn i...

Tech stocks have easily beaten high yield stocks over the past few years. We expect the opposite to happen going forward. Invest in tech, but invest more in high yield. For further details see: Why High Yield Should Pummel Tech

UBS AG announced on Tuesday the Call Settlement Amounts for the below eight ETNs (the “Securities”), as set forth in the table below. Table-1 * The table above provides a hyperlink to the relevant prospectus supplement for each of the Securities. DJCI, FUD, UAG...

The endgame for the Covid-19 pandemic is now in sight, due to the very successful vaccine trials. Securities that suffered severe losses due to the pandemic could now be considered the “non-medical vaccine plays”. The markets may be underestimating the extent that pa...

Gainers: Ultrashort Natural Gas Proshares (KOLD) +22.4%.Microsectors U.S. Big Oil Index 3X ETN (NRGU) +18.0%.Retail Bull 3X Direxion (RETL) +17.1%.Ipath Cocoa Subindex TR Sm Index ETN (NIB) +16.0%.Etracs Monthly 2X Diversified Bus Dev ETN (BDCY) +15.0%.Losers: Ultra D...

As indicated by Q3 earnings to date, business development companies' credit quality isn't "as bad as initially feared" in March and April, writes Raymond James analyst Robert Dodd.Says Q3 non-accrual rates at cost could remain flat vs. 5.4% at the end of Q2."Significantly more BDCs are report...

UBS AG announced today that it will redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the “Securities”). UBS expects to deliver redemption notices with respect to each of the Securities to holders of the applicab...

Capitala Finance Corp. (CPTA) is a BDC that is emblematic of what is wrong with many BDCs. Capitala Collects Management Fees on Gross Assets rather than Net Assets. Capitala has a Bifurcated Incentive Fee Structure that harms shareholders through conflicts of interest. Shareho...

Fitch Ratings revises its rating outlook for the business development company sector to negative as it expects BDCs' asset coverage to be pressured heading into 2021.Credit performance across BDC portfolios is expected to deteriorate next year due to the continuing impact of the COVID-19 pand...

PYPE: linked to the NYSE ® Pickens Core MidstreamTM Index MLPI: linked to the Alerian MLP Infrastructure Index MLPB: linked to the Alerian MLP Infrastructure Index, Series B AMNA: linked to the Alerian Midstream Energy Index AMND: linked to t...