- The company had an overly conservative investment mix which changed after the merger with MVC Capital.
- Although there are highest risks associated with MVC's lower-tier loans, credit support agreement and share repurchase plan serve to offset much of the downside risk.
- The company grew its dividend by double-digit numbers during the last three years.
- We believe that the combination of higher-yield investments with the current management actions will create value for the company's shareholders.
For further details see:
Why An Investment In Barings BDC Represents A Brilliant Risk And Reward Opportunity