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MRCC Deep Dive: Continued Improvement

MRCC Deep Dive: Continued Improvement

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BDC Buzz
Feb 16, 2022
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MRCC Deep Dive: Continued Improvement
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MRCC Update:

  • MRCC's risk profile and dividend coverage are slowly improving but still, plenty of work is needed before upgrading to Tier 3.

  • Its target prices have been increased slightly to take into lower non-accruals, upcoming lower PIK, NAV reflation, improved portfolio credit, and over-earning the dividend without the need for fee waivers.

  • However, MRC…

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