Medley’s BDC struggled against headwinds in the first quarter, maintaining its $0.30 dividend despite reporting NOI of just $0.26 per share.
2 min read · 11 May 2016
BlackRock’s BDC focuses on macro headwinds and idiosyncrasies in legacy investments while presenting mixed results for 2016 thus far.
3 min read · 29 April 2016
The ratings agency gave a negative sector outlook to BDCs, listing concerns over leverage and energy losses.
3 min read · 26 April 2016
The business development company has invested $10.8m across two tranches of debt funding in avocado processor Yucatan Foods.
1 min read · 12 April 2016
Ironsides Partners has filed definitive proxy materials with the SEC requesting the election of new board members to the Fifth Street Senior Floating Rate Corp (FSFR) BDC and demanding that the investment manager be replaced.
2 min read · 15 March 2016
The $1bn fund invested just $7.4mn in the fourth quarter, citing the tumultuous market environment as the reason why it opted to stay on the sidelines.
2 min read · 07 March 2016
The business development company posted an increase in net assets and flat investment income at a time when rivals are being hit by energy declines and market volatility.
2 min read · 09 February 2016
The Bain Capital-owned credit firm has preliminary SEC filings in the works that outline the firm’s intentions to set up a private business development company.
3 min read · 18 December 2015
RiverNorth Capital Management, which owns 6 percent of Fifth Street Finance Corp shares, sent a letter to the BDC’s board outlining concerns over mismanagement and poor performance. The firm has demanded new board members and strategic changes to enhance stockholder value.
4 min read · 17 November 2015
The hedge fund firm owns an 8.4 percent interest in American Capital and has advised shareholders to vote against the planned spin-out, saying it’s unlikely to create value for stockholders.
2 min read · 16 November 2015
