BDC Earnings
FSK’s Q2 repair actions are beginning to show up in credit and leverage. The harder question is whether a shrinking portfolio can still support a durable dividend recovery.
BDC Earnings
OBDC’s earnings improved in Q2, but the deeper story is a shrinking portfolio, selective deployment and a credit book still working through problem names.
BDC Weekly
The BDC income engine is still working. The harder question is whether lenders can replace repayments, protect NAV, and capture new financing demand without weakening underwriting.
BDCs
A non-accrual is the moment a lender admits expected interest no longer deserves to count as ordinary income. For BDC investors, that changes the dividend math.