Onion when i read this article in July22 issue of Barron,s. "A Smart Alternative to Junk Bonds" By Jack Hough. BDC,s might also take the place of a Preferred position. Much of their loans are Floating Rate "Senior Debt" that feature Dividend yields of 8% to 9.8%. These took a 4% to 5% Barron's bounce Monday and are up again today. I will be waiting for when they drop back to normal.
Ares Capital/ ARCC
Golub Capital/ GBDC
Hercules Tech Growth/ HTGC
New Mountain Fin/ NMFC
I will consider trying one of these when the price is right.
you gotta catch up on your reading...I assume you mean April 22.
Thanks. will do my due dilly add to my watch list.
as per preferreds you might want to look at MHR.C and MHR.D
They took a beating on firing their auditors- the common and preffs took a beating, my analyst told me he thinks the company will live so the preffs are a buy here. I added a small position. I am in at 11%
Onion,so I was a little proactive on the date!!! Some if the BDC also got honorable mention in May 6 issue Forbes and are up close to 10% in two days. Might consider on the crash. I will look at MHR.C and .D. Thank you. Phil