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GLAD Update: Hits Base Case
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GLAD Update: Hits Base Case

BDC Buzz
Aug 4, 2021
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Summary

  • GLAD hit its base case projections covering its dividend due to continued management fee waivers.

  • Leverage declined to a new near-term low partially due to the continued increase of its NAV per share and additional shares issued through its ATM program.

  • GLAD is a higher quality BDC but is likely overpriced at these levels driving a current yield of…

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