What's Happening
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OCSL Prices ﹩300 Million of 7.000% Notes Due 2031
OCSL priced ﹩300 million of 7.000% unsecured notes due 2031 and plans to reduce revolving-credit borrowings with the proceeds.
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ARCC Prices ﹩750 Million of 6.250% Notes Due 2033
ARCC priced ﹩750 million of 6.250% unsecured notes due 2033 to refinance debt facilities and preserve funding flexibility.
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HTGC Adviser Reaches ﹩2.3 Billion in Investable Capital
Hercules Capital’s wholly owned adviser reached ﹩2.3 billion in investable capital, expanding its fee-earning platform; profit impact remains undisclosed.
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Job and Credit Expectations Deteriorate
Households reported weaker job and credit expectations, sharpening the borrower-earnings and credit watch.
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Saudi Oil-Site Attacks Broaden Supply Risk
Attacks temporarily halted Saudi energy operations, lifting oil and intensifying the earnings, inflation, credit, and funding watch.
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Labor Day Gas Prices Set Record
Record Labor Day gasoline prices sharpen inflation and borrower-earnings pressure across the Fly High universe.
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Weekend Tanker Strikes Tighten Oil Supply Risks
Weekend tanker strikes tightened Gulf shipping and oil supply risks while OPEC+ held October output steady.
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AGNC: S&P MidCap 400 Addition Set for September 21
S&P Dow Jones Indices will add AGNC to the S&P MidCap 400 before trading opens September 21, a market-structure change that may affect passive demand and liquidity.
Featured Articles:
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The Hidden Dividend Treasure Inside Fly High Investing
Imagine discovering that your Fly High Investing portfolio contains a treasure chest you didn’t know was there. You can’t see it by looking at the dividend yield, and you won’t find it by simply comparing a company’s earnings with its dividend. You can’t even find it when our companies report earnings most of the time.…
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Who Really Moves the Stock Market and Why It Matters
If you asked most investors who moves the stock market, they’d probably say individual investors, mutual funds, pension funds, and large investment firms buying and selling stocks based on what they believe companies are worth. That answer would have been largely correct a few decades ago. Today, it isn’t. The stock market has quietly undergone…
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Fly High Investing vs. Wall Street
“Wall Street” is not one mind with one plan. It is an ecosystem of advisors, brokers, banks, asset managers, exchanges, analysts, insurers, and product sponsors. Each participant operates under a business model, and each business model creates incentives. An asset manager may earn more as assets under management grow. A broker may benefit from transactions…
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The Dividend Feedback Loop: When Falling Prices Create Explosive Income Growth
Most investors panic when stock prices fall. They see red on the screen, assume something is broken, and rush to sell before things “get worse.” But dividend investors who understand the relationship between stock prices and dividend payouts know something very different: sometimes a falling stock price isn’t a catastrophe at all. Sometimes it’s the…
