AINV Update: Likely Lower Supplementals In 2022
AINV Quick Update:
AINV hit its base case projections due to $4 million of prepayment-related income.
NAV remained stable due to share repurchases offsetting additional losses in the shipping sector (Dynamic Product Tankers).
AINV currently has the highest leverage in the BDC sector with a debt-to-equity ratio of 1.53 (net of cash) which is mostly its sec…