GAIN Projections/Pricing: New Baby Bond "GAINN" & Upcoming Supplemental
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Summary
I have updated the GAIN projections taking into account its new 5.00% notes "GAINN", the redemption of "GAINM", and recent guidance from management.
Included in the projections are the updated "asset coverage" and "interest expense coverage" ratios for investors interested in the new Baby Bond GAINN and preferred stock GAINL.
GAINN has been include…