SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dividend investing for retirement
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E_K_S who wrote (24118)12/26/2015 8:44:14 PM
From: Elroy  Read Replies (2) of 34328
 
It's just not worth having the leverage that may/could force the ETF/CEF fund into 'forced' sales if coverage covenants were exceeded.

Not sure what you mean here. BDCL is an ETN (exchange traded note). Do you mean that if the BDCs in its portfolio decline, then it would need to sell them to maintain the covenant on the borrowings it made to get to 2x leverage, or are you talking about the actual underlying BDCs getting into a forced sale of assets?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News