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The UBS ETRACS Business Development Company ETN (NYSEARCA: BDCS ) and UBS ETRACS 2X Leveraged Business Development Company ETN (NYSEARCA: BDCL ) are exchange traded notes that continue to underperform the average BDC for a few reasons but mostly related to index allocations and "tracking fee...
Article Follow-Up: This article is a follow-up to " 9.4% Dividend Yield Supported By Rising Rates And Growing Book Value ," predicting additional increases in Gladstone Capital's ( GLAD ) book value and earnings per share due to higher oil prices and LIBOR as well as accretive share is...
As shown in the following chart, PennantPark Investment ( PNNT ) has rallied 15% since my previous article " PNNT: Higher Oil Prices And Interest Rates Driving Higher Returns For This 11% Yielding BDC ". Among other things, the article predicted that the company would report increased net as...
Q2 2018 Dividend Coverage Update Fidus Investment ( FDUS ) was not expected to fully cover its dividend due to non-cash expense related to unamortized operating expenses on its old registration statement as well as being underleveraged, slower portfolio growth with lower portfolio yields...
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KCAP Financial Inc. Company Name:
KCAP Stock Symbol:
NASDAQ Market:
NEW YORK, April 01, 2019 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (“Portman Ridge” or the “Company”) (NASDAQ: PTMN) (f/k/a KCAP Financial, Inc.) today announced the closing of the previously announced externalization transaction (the “Closing&...
NEW YORK, March 28, 2019 (GLOBE NEWSWIRE) -- KCAP Financial, Inc. (NASDAQ:KCAP) (“KCAP” or the “Company”) today announced plans to change its corporate name to “Portman Ridge Finance Corporation”, effective as of the closing of the externalization t...
NEW YORK, March 20, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of KCAP Financial, Inc. (Nasdaq:KCAP) approved a cash distribution for the first quarter of 2019 of $0.10 per share of common stock. The distribution is payable on April 26, 2019 to shareholders of record at the close of bu...