That's about $3.30 per share. Which if CAD (.7-.77) remains totally separate from that, and if CAD is sustainable as mgmt seems to believe, and if the $3.30 has to be distributed by the bdc structure (I don't know if that's true or if the gains can be redeployed inside CODI), it would mean the distribution should be able to hold up for a few years at least. $1.36 - .7 = .66. 3.30 divided by .66 = 5. Five years to distribute those gains? I don't know. I'm still considering if I will average down on my losing positon here.
Remember, CODI is not a BDC. It is a trust that has elected to be taxed like a partnership. Expect a K-1 at the end of the year. And as a partnership, it doesn't have to distribute anything to the shareholders. Shareholders are taxed on the personal level, based on the K-1, whether there is a distribution or not.