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No News is Good News? Why Not Seeing BDC Headlines is a Good Sign c h r i s o b e r b e c k

No News is Good News?

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Page 1: No News is Good News?

No News is Good News?Why Not Seeing BDC Headlines is a Good Sign

c h r i s o b e r b e c k

Page 2: No News is Good News?

In just a few short years, the number of BDCsskyrocketed from relatively low numbers in the

early 2000s to a sizeable number today,including over 50 that are publicly traded.

Page 3: No News is Good News?

In today’s BDC landscape you don’t hear much,positive or negative, from other than a few notable

names. Many non-insiders wonder why?

Page 4: No News is Good News?

Is this a cause for concern?Should you reconsider your investment in a BDC?

Page 5: No News is Good News?

The reason is because most BDCs don’tmake the headlines because they are doing

everything just as they are supposed to.

Answer to both questions : NO

Page 6: No News is Good News?

Like any industry, there will be ebbs and flows tothe business. There are almost always going to be a

few BDCs that fail to perform even when virtuallyevery other company is booming.

Page 7: No News is Good News?

But you can always find news about potentially highannual returns and thought pieces that indicate the

sector’s ability to match up with banks.

Page 8: No News is Good News?

What may not be good for the headlines may bevery good for investors and the sector as a whole.