|
|
Market Stats BDCs at Yahoo BDCs at CNN BDCs at Excite MarketWatch BDCs at MSN BDCs at WSJ BDC Intros Nicsa.Org Investment Lawyer Prior Updates Nov Oct Sept Aug Jul Jun May Apr Mar Feb Jan Factoids Aug July Jun May Apr Mar Feb Jan |
I have added BKCC, GNV, HCD, KCAP, MVC, PNNT, TCAP and TTO to the data on 12-05 and some of the input values are not correct on those - with temporary data placed there till all is looked up. MVC Reports NII of $0.82 Business Wire 12-03 MVC Capital, Inc announced preliminary financial results for its fiscal year ended October 31, 2007. The highlights of this performance include a record increase in the Fund’s net assets resulting from operations, a consistent level of investment activity, a record amount of distributions paid to shareholders throughout the year, and the realization of a significant capital gain due to the sale of Baltic Motors Corporation and SIA BM Auto Ltd. The net change in net assets resulting from operations of $65.7 million. This represents an approximate 38.8% increase over the net change in net assets from operations reported in fiscal 2006. PSEC to Sell Assets Business Wire 12-18 PSEC's largest 100% controlled investment, Gas Solutions Holdings, has engaged RBC Capital Markets Corporation as a financial advisor to explore strategic alternatives, including a potential sale. Gas Solutions, a midstream gathering and processing business in East Texas, is currently generating an asset-level annualized run-rate EBITDA of approximately $24.8 million, or approximately three times the EBITDA at the time when Prospect purchased Gas Solutions. Prospect may seek to monetize other investments in early 2008, including NRG Manufacturing, which, inclusive of a small add-on acquisition, has approximately tripled its pro forma trailing twelve month EBITDA to approximately $12 million, compared to the EBITDA when Prospect purchased NRG. In addition, Prospect on December 5, 2007 entered into a binding agreement to sell its $8 million debt investment in Central Illinois Energy, an ethanol project, as an 86% cash-on-cash monetization, inclusive of interest and fees received to date. In addition, PSEC estimates that its net investment income for the current second fiscal quarter ended December 31, 2007, will be $0.42 to $0.48 per share. On 12-14 Bear Stearns Downgraded PNNT from Outperform to Peer Perform. On 12-14 RBC Capital Markets Initiated HTGC at Sector Perform and Initiated PSEC at Sector Perform. On 12-03 AINV declared a dividend of $0.52/share payable Dec. 27 to shareholders as of 12-19. On 12-13 NGPC declared a dividend of $0.515/share to be paid 1-04-08 to shareholders of 12-28-07. On 12-17 KCAP declared a dividend of $0.39/share payable on 1-24 to shareholders of 12-24-07. On 12-18 PSEC declared a dividend of $0.395/share with an ex-dividend date of 12-26, a record date of 12-28, and a payment date of 1-07-08. On 12-19 TCAP declared a dividend of $0.30/share with a Record Date of 12-31-07 and a Payment Date of 1-28-08. On 12-20 MVC declared a dividend of $0.12/share payable 1-09-08 to shareholders of record on 12-31-07 witn an ex-dividend date of 12-27-07. On 12-21 KED declared an increased dividend of $0.41/share payable on 1-17-08 to shareholders of record on 12-31-07, with an ex-dividend date of 12-27-07. On 12-28 GNV declared a special dividend of $0.18 per share payable on January 28, 2008 to common shareholders of record on January 18, 2008. This special dividend is a partial distribution of realized capital gains and is being declared as GSC Investment Corp. must make certain distributions of its taxable income each calendar year in order to minimize any potential tax liability to the Company. On 12-21 TTO announced it has withdrawn its registration statement for a public offering filed with the SEC on Aug. 14, 2007. "Energy infrastructure sector fundamentals are strong and the portfolio of assets in the fund are generally performing as expected. However, current market conditions and the resulting impact on the stock price have hindered the company's ability to move forward with a public offering at this time." NOTE #1: This page is ment to be a supplement for those already getting monthly sector updates from another source. Data entry errors sporadically happen. There are other metrics not covered here that should not be ignored. NOTE #2: This page has a forcasting spreadsheet - and until that mathamatical model has had a year or two of testing, it is probably best for you to totally ignore it. NOTE #3: The owner of this site owns shares in ACAS and NGPC - and this could distort the coverage of those two BDCs. Also, those shares were purchased past mid-year for [ACAS] $38.46 and [NGPC] $16.50 - so I have avoided some of the losses that those who have held BDCs for longer periods have suffered in 2007 - and that probably increases my optimism about the sector long term. |