Business development companies (BDCs) mostly invest in small and medium sized companies that are typically overlooked by banks, providing investors with higher than average dividends by avoiding taxation at the corporate level. This allows them to pass along ordinary income and capital gains directly to the shareholder. The purpose of this site is to provide investors with up to date research on each BDC as well as comparative analyses so that investors can choose a BDC that fits their investment needs.
These reports provide overall rankings, updated projections, dividend sustainability analyses with best and worse scenarios, recommendations, pricing, total return and earnings estimates, interest rate sensitivity analysis and expected timing for future equity offerings. To see a full description of these reports please visit "Premium Reports".
The following chart shows some of the available reports and how they work together:
This section describes each of the suggested BDC portfolios and will (eventually) keep investors up to date regarding any changes in allocation recommendations and specific events for each portfolio component.
This section provides the basic information for each BDC with updated articles, metrics, news and recommendations.
This section covers some of my comparative analyses for the BDC industry including risk profiles, total returns, rankings, pricing, leverage, fees, growth capital, potential equity offerings, dividend coverage, portfolio quality trends, etc.