Last night, Russell announced that BDCs would no longer be eligible for inclusion in the Russell indexes. Thirty five BDCs will be affected including PSEC. I talk about it over on the InvestorVillage board for those of you interested.
Russell rebancing won't happen until June. I doubt that the SEC will change reporting rules, but if they did that before May 15, then the Russell would reconsider. One thing is certain: There will be some selling pressure over the next several weeks.