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Summary As December 2022 comes to a close, we observe six new preferred stock / exchange-traded-debt (ETD) offerings during the month, offering annual yields ranging from 6.75% to 11.875%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ran...
Summary Part 1 of this article compares ARCC’s recent quarterly change in NAV, quarterly and trailing 24-month economic return, NII, and current valuation to 14 BDC peers. Part 1 also performs a comparative analysis between each company’s investment portfolio as of 3...
GAIN is one of the best-managed companies in the BDC sector, generating top-in-class total returns to its shareholders, thanks to prudent management approach putting shareholder's interest first. A relatively low yield offsets the luxury of monthly dividends, currently yielding 5.6% a...
Based on the regular quarterly distribution of $0.36, we arrive at around a 7.63% distribution yield. This BDC has paid out quite a few supplemental dividends along the way. Despite the attractiveness of this BDC, the current discount isn't screaming a strong buy, as it is about i...
Hercules Capital just raised its upcoming dividend by 6%, to $.32. It'll also pay a $.15 supplemental dividend again in August. Hercules Capital had record Q2 gross debt and equity commitments of over $1.04B. It will benefit from rising interest rates. Looking for a ...
Hercules Capital is a well-run internally managed BDC with a strong track record of growth. It's seeing record levels of deal originations as tech companies delay liquidity exit events due to market volatility. I also highlight the dividend, balance sheet, valuation, and why Hercu...
ARCC recently reported Q2 results. We share 3 important takeaways from the Q2 report. We also provide an updated outlook on the stock, including our expectations for the dividend growth trajectory moving forward. Ares Capital Corp ( ARCC ) is the largest and one of t...
Use PNNT for targeted floating rate exposure. If you're doubtful about the dividend, you have a good reason to be. Hedge your bets with treasuries. Investment Thesis In this article we review PennantPark Investment Corporation ( PNNT ) common shares. The stock ca...
HTGC's regular dividends yield 9.8%, plus its supplemental dividends yield an additional 4.5%. HTGC will benefit from rising rates - its debt investment portfolio has 94.7% in floating rate loans, with interest rate floors. HTGC is 27% below Wall Street's average price target...
Oaktree Specialty Lending has a very convincing dividend growth record. Diversified, safety-first debt portfolio produces downside protection. Valuation discount creates margin of safety. Oaktree Specialty Lending Corporation (OCSL) is currently selling a safe, reces...
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UBS AG Jersey FR SP ETRACS REDEEM 26/04/2041 USD 25 Company Name:
BDCS Stock Symbol:
NYSE Market:
UBS AG announced today the Call Settlement Amount for the ETRACS ETN Linked to the Wells Fargo Business Development Company Index due April 26, 2041 (the “Securities”), as set forth in the table below. Table-1 * The table above provides a hyperlink to the prosp...
UBS AG announced today that it will redeem all of the outstanding securities in each of the eleven series set forth in the following table (collectively, the “Series A ETNs”). UBS expects to deliver redemption notices with respect to each of the Series A ETNs to holders of...
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...