BDC Buzz

BDC Buzz

Share this post

BDC Buzz
BDC Buzz
FSK Quick Update: Please Be Careful

FSK Quick Update: Please Be Careful

BDC Buzz's avatar
BDC Buzz
May 11, 2021
∙ Paid

Share this post

BDC Buzz
BDC Buzz
FSK Quick Update: Please Be Careful
Share

Summary

  • This is one of those BDCs that you need to look beyond the headline results which look positive - covering the dividend and 4% NAV growth.

  • Let's look under the hood. I quickly went through the results and credit issues are looming likely driving another dividend cut even after taking into account merger fee waivers.

  • FSK has only covered its dividen…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 BDC Buzz
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share