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Strategies & Market Trends : Dividend investing for retirement

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To: Max Fletcher who wrote (24097)	12/25/2015 3:23:32 AM
From: Elroy	Read Replies (1) of 34328

conspicuously high fees, even as investor returns have faltered. PSEC's returns are fine, they used to pay $1.31 per year, then reduced it to $1.00 per year this year. The main thing that has faltered is the share price, and that's out of PSEC management's control. As long as PSEC pays $1.00 per year, an $11.00 share price seems fair (9% yield, why not?). As for management fees being too high, sure, management fees for many big companies seem too high. What can we shareholders do about that? There has been some activism in the BDC sector (TICC particularly) where another asset manager has offered to manage the portfolio for lower fees. Hopefully the same activism will hit ALL the BDCs over the next couple of years. But that's sort of our of the hands of us shareholders, and PSEC management isn't stupid, as long as they're getting paid well they aren't supposed to request to reduce their own salaries, are they?

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