I guess $.37 is the dividend. All these BDCs seem to grow by issuing new shares. Do any of them just try to grow slowly without issuing shares?
The answer is NO. Since they must give out all their cash to shareholders, the only way they can expand is to borrow or issue more shares.
its really hard because the market expects big dividends number one and number two the corporate level tax exemption is only available if you pay out 90% of NOI