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FSK Quick Update: Please Be Careful
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FSK Quick Update: Please Be Careful

BDC Buzz
May 11, 2021
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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…

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