PSEC Quick Update: Example Of A Poorly Managed BDC
Subscriber Update
We have already provided updates for the other BDCs and are now covering BDCs that were lower ranked in the recent subscriber survey (including PSEC).
Please note that some subscribers invest in PSEC's higher YTM investment-grade bonds (currently 7.4%) which is one reason we still cover this BDC.
PSEC is finally rotating into its portfoli…