Leveraged Loan Insight & Analysis – 10/30/2017

Many BDCs still struggling to trade at book value and higher

Investors are getting ready to parse through a slew of BDCs earnings, which will be released this week. Last quarter, many BDCs disappointed with announcements of rising non-accruals, dividend cuts, and declining yields which caused the average price to net asset value per share to trade down to as low as 0.92 times.