HTGC Projections Update: I'm Buying The Bonds At These Levels
HTGC Quick Update:
HTGC is one of the best-priced BDCs but so are its two investment grade notes (427096AH5, 427096AJ1) both of which have a yield-to-maturity of around 7%.
HTGC remains 'Level 1' coverage with additional increases in the regular dividend as shown in the updated projections, but likely lower supplementals in 2023 (due to lower prepayments).