BIZD News and Press, VanEck Vectors BDC Income From 10/31/22

Summary FGB's latest report showed that net investment income jumped quite meaningfully. That should leave it in a better position to maintain its high double-digit yield. Despite strong coverage, it should still be considered a more volatile CEF due to its leverage on leverag...

Summary Persistent inflation spurred the US Federal Reserve to raise interest rates aggressively in the third quarter, with 0.75% hikes in both July and September. Earnings estimates for equities had continued to climb during the early part of the year and only started to moderate...

Summary Share buybacks are unreliable; they tend to disappear when markets get shaky. Dividends have held up much better during past recessions and put real usable cash in your pocket. The Biden Administration will tax share buybacks from 2023. Two picks with up to 11% yie...

Summary I have often compared CNBC to the ESPN sports network, with panels of experts giving non-stop commentary on the sports or financial worlds. Both have the same business model: get viewers addicted so they'll watch all the time, regardless of whatever is happening. Unfor...

Summary BIZD invests in business development companies, which are a type of financial company that is less regulated than banks but must take a more active role in generating economic value. This means that in addition to being a credit provider, they must offer advice to customer...

Summary Climate Week NYC 2022 recently convened climate leaders across government, business, civil society, and science under the theme of “Getting It Done”. The event, now in its 14th year, covered a wide swathe of topics, including energy, nature, transport, enviro...

Summary HIPS is a high-yield ETF with a portfolio diversified in CEFs, MLPs, mortgage REITs, and BDCs. The yield is very attractive, but price history shows a steep capital decay. The problem is structural: the 4 asset categories of its portfolio have the same issue. An al...

Summary We expect macro headwinds will continue to pressure U.S. corporate earnings in the coming months. We expect earnings expectations to decline as multinational firms realize foreign exchange headwinds that accelerated over the past year. Investors can avoid undue interna...

Summary Both, stocks and bonds, are down significantly in 2022. Inflation remains at a 40-year high and interest rates continue to rise. I present my alternative approach to mitigate risks, earn high yield, and position your portfolio for upside. Historically, one of...

Summary Both Main Street Capital and Oaktree Specialty Lending are high-yielding investment grade BDCs. MAIN has a tremendous track record, whereas OCSL pays out a much higher dividend yield. Which one is the better buy? Both Main Street Capital ( MAIN ) and Oakt...