Leveraged Loan Insight & Analysis – 8/14/2017

Mixed earnings result in investors running from select BDCs

BDC 2Q17 earnings season is in full swing and results have been extremely mixed keeping the landscape quite bifurcated. After returning to book value in 2Q17, the average share price to net asset value per share for the public BDCs has been back on the decline reaching 0.93x in mid-August.