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NMFC: Lower Dividend Holds as Nonaccruals Improve
NMFC earned ﹩0.26 per share against a ﹩0.25 distribution, while nonaccruals improved and NAV remained nearly stable in Q2 as leverage increased modestly.
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BBDC: NII Covers Dividend as NAV Edges Lower
BBDC earned ﹩0.28 per share against a ﹩0.26 dividend in Q2, while portfolio markdowns contributed to a modest decline in NAV. Credit risk remains.
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OBDC: Supplemental Dividend Returns as NAV Slips
OBDC declared a ﹩0.02 supplemental dividend after adjusted NII covered total distributions by one cent, while NAV declined to ﹩14.26 at quarter-end.
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FSK: ﹩0.44 Distribution Matches NII as NAV Falls
FSK declared a ﹩0.44 third-quarter distribution after Q2 NII matched that amount, while NAV fell 2.8% and a fee waiver supported earnings in Q2.
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TCPC: ﹩523 Million Portfolio Sale Cuts Leverage and NAV
TCPC agreed to a ﹩523 million portfolio sale expected to reduce leverage sharply while lowering NAV by about 10.4% based on June 30 figures.
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CSWC: Authorized-Share Vote Remains Short of Threshold
Capital Southwest says votes remain short of the two-thirds threshold for adding authorized shares, a proposal tied to future financing flexibility.
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ARCC: Shareholders Renew Below-NAV Issuance Authority
Ares Capital shareholders renewed authority to issue up to 25% of shares below NAV for one year, preserving flexibility while retaining dilution risk.
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LIEN: Second-Quarter NII Falls to the Dividend Level
Chicago Atlantic BDC earned $0.34 per share of net investment income in Q2, matching its dividend as originations slowed and liquidity remained ample.
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ARR: July Update Shows Higher Leverage and Liquidity
ARMOUR Residential reported July leverage of 7.6 times and $1.27 billion of liquidity, alongside an unchanged $0.24 August dividend for shareholders.