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Strategies & Market Trends : Young and Older Folk Portfolio

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To: mykesc2020 who wrote (2428)5/9/2024 3:37:00 PM
From: Secret Recipe   of 21843
 
In reality, a mixed bag of news:

First quarter net investment income ("NII") per share of $0.47, exceeding the regular dividend by over 25%, NAV per share increased to $ 15.47 compared to 15.45 as of December 31, 2023.

BUT:

Q1 NII of $0.47 misses by 2 cents and Total Investment income misses by $ 0.61 M and the quarterly dividend which was raised in December and again in March stays the same and the supplemental is slashed from 8 cents / share to 5 cents / share.

OBDC has been a good BDC for me but it needs to be watched closely. The supplemental is like the canary in the coal mine.
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