FDUS Update: Unexpected Non-Accrual, Likely Idiosyncratic
FDUS 0.00%↑ Quick Update
FDUS reported near its best-case projections and remains the lowest leveraged BDC with excellent dividend coverage and access to growth capital.
During Q4 2024, Quantum IR Technologies was added to non-accrual and completely written off. This was odd as it was not on our ‘watch list’.
However, there was a recent announcement that the CEO an…