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Strategies & Market Trends : Dividend investing for retirement
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To: Elroy who wrote (19563)5/2/2014 12:45:45 AM
From: TheNoBoB  Read Replies (1) of 34328
 
Re: Medley Capital Corporation Financial Results

Still, why these BDCs (PSEC included) that pay out 10% are only trading at 1.0x NAV is a bit of a mystery to me.


I'm going to take a wild guess and say you didn't own BDC's in 2008.

MCC wasn't around back then, so it doesn't have much of a track record yet. PSEC was, and although they held out as long as they could, they cut their distribution in 2010 -- and did it in a slimy way (IMHO), by cutting the 41-cent quarterly to a 10-cent monthly, and leaving the space between the last quarterly and the first monthly (a full quarter) unpaid. Perhaps Mr. Market has taken that under advisement, as they say.
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