2024-06-05 07:00:00 ET
Summary
- Gladstone Investment is a reliable monthly paying BDC that offers a steady stream of income for retirees.
- The company has shown strong performance over the past year, outperforming peers and increasing its total portfolio value.
- GAIN is positioned for growth, with a growing NAV and the ability to capitalize on future investment opportunities with increased liquidity.
- The BDC has a solid balance sheet with no debt maturing until 2026, which further enhances their ability to capitalize on future deal opportunities.
- Their net investment income is expected to grow slightly over the next two years.
Introduction
I think I can speak for a lot of retirees when I say the most important goal in retirement is a reliable stream of income from strong businesses. Capital appreciation is always great to see, but income reliability is a key metric for those in retirement....
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Gladstone Investment: Solid 6.8% Yielding BDC For Retirees Seeking Income