CGBD Update: Buy For 11.2% Yield & 18% Discount To Book
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Summary
CGBD reported between its base and best-case projections covering its regular and supplemental dividends by 106% mostly due to higher-than-expected amendment and underwriting fees during the quarter.
The Board declared a base quarterly dividend of $0.32 plus a supplemental of $0.06 which is slightly above the base case of $0.05.CGBD is definitely …