Relatively recently, the Fed decided to cut the base rates by 50 basis points. While it is for most assets a positive thing, for majority of BDCs it imposes headwinds in terms of protecting their net investment income levels. The mainRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity ...

Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market.Check out Systematic Income and explore our Income Portfolios, engineered with both yield and risk management considerations. Use our powerful Interactive Investor Tools to navigate the BDC, CEF, OEF, preferred and baby bond ...

关于BDC股息可持续性的讨论 - 核心观点为随着利率下降BDC可能面临投资组合收益率降低以及企业违约风险上升从而导致股息面临压力[1] 人物相关 - Roberts Berzins有超十年财务管理经验帮助顶级企业制定财务策略和执行大规模融资在拉脱维亚推动REIT框架制度化等多项工作是CFA持证人ESG投资证书持有者有在芝加哥期货交易所的实习经历并积极参与支持波罗的海资本市场发展的活动[1]

The Federal Reserve recently cut interest rates by 50 basis points. While this cut was largely already priced into long-term interest rates, as they had been dropping for several months as it became increasingly evident that the Fed was onAs the best-rated high-yield investor community on Seeking Alpha, boasting 1,500+ members and a perfect 5/5 rating from 150+ reviews, we pride ourselves on providing unparalleled value and support.But act fast! Our membership rates are set to increase on the 1st of October ...

文章核心观点 - 公司预计未来10年内零售中心和租赁协议的收入将达到2.5亿美元 [2] 公司收入情况 - 公司2021年12月31日的收入为1.06亿美元 [2] - 公司2022年12月31日的收入预计为1.04亿美元 [2] - 公司2023年12月31日的收入预计为1.01亿美元 [2] - 公司2024年5月10日的收入预计为2.13亿美元 [2]

公司概况 - 作者拥有10年投资银行从业经验,专注于行业和公司研究,擅长解读各种新闻、事件、财报等,发现潜在的投资机会和风险 [1] - 作者专注于科技、房地产、软件、金融和消费品等行业,这些行业构成了其投资组合的核心 [1] - 作者希望通过分享自己的见解和经验,帮助他人更好地了解和实践股息投资,实现财务自由 [1] 行业分析 - 作者在M&A和企业估值方面有深厚的经验,曾参与过众多企业的买卖交易,对相关流程和复杂性有深入了解 [1] - 在日常工作中,作者会进行财务建模、商业和财务尽职调查以评估公司的健康状况,并参与交易条款的谈判 [1]

RomoloTavani/iStock via Getty Images Crescent Capital BDC (NASDAQ:CCAP) is a business development company [BDC] focused on debt investments with a portfolio of around $1.6 billion spread across more than 180 portfolio companies. In recent quarters, the BDC has witnessed a sustained improvement in its net asset value [NAV] per share and has consistently reported net investment income [NII] well in excess of its $0.42 regular quarterly distribution. The BDC currently offers a highly attractive forward dividen ...

spawns Business development companies (BDCs) are unique entities aiming to fill the financing gap for businesses struggling to acquire bank or public financing. Therefore, BDCs typically concentrate on the smaller and middle-market companies (often lower middle-market). The business model is pretty simple to understand - gather financing sources (mainly equity) and deploy the capital to generate favourable investment spreads. Most BDCs are externally managed. There aren't many internally managed ones; t ...

文章核心观点 - 公司本季度业绩强劲,总净资产收益率达4.8% [1] - 公司股票交易折价11.3%,股息收益率12.5% [1] - 公司维持"持有"评级,估值有所改善,更具吸引力 [1] 公司情况 - 公司投资组合规模达78.68亿美元,共380家投资对象,平均单一投资占比0.3% [2] - 投资组合以浮动利率的优先担保贷款为主,行业集中度较高,主要集中在软件和医疗行业 [1] 财务表现 - 调整后净投资收益下降6%,主要由于杠杆下降,但剔除一次性费用豁免影响后下降近20% [3][4] - 公司净资产值连续6个季度上升,但其中2.6%来自并购带来的增值 [4][5] - 新增投资下降,加上利息费用上升,投资组合收益率下降 [7][8][9] 资产质量 - 不良贷款比例略有上升,但仍低于行业中值 [15][16] - 实现损失较大,过去5个季度累计损失达3% [17] - 投资组合质量略有改善 [17] 估值与回报 - 公司总净资产收益率过去1-2年表现出色 [20] - 公司估值处于较低水平,但与行业中值持平 [21][22] - 公司多项费用指标优于行业,有利于保持较高的净投资收益 [14]

Hinterhaus Productions SLRC is an owner, originator and manager of corporate loans to smaller companies. As of June 30, the SLRC total portfolio size is $2.1 billion and is diversified amongst 800 unique issuers and is 98% senior secured investments. The company is a business development corporation, or BDC. This designation allows for profits to be distributed to shareholders, similar to a REIT. The company is similar to a bank, which only makes loans and pays most of the profits to shareholders. Accor ...