Quick BDC market Update
As mentioned in previous articles, I was expecting business Development Company ("BDC") pricing to pull back from the recent highs for various reasons including profit-taking and a partial return to "risk-off" mode. Please note that most BDC charts look similar to the one below with a peak on June 8 and then mostly down.
I am expecting volatility through July until BDCs start to report Q2 2020 results (see dates at the end). However, I am expecting many BDCs to report stronger-than-expected results including net asset value "NAV" increases, adequate