TPVG Updated Projections & Pricing
 |
Summary
I have updated the projections and pricing for TPVG to take into account the recent results as well as the $200 million of 4.50% notes closed on March 1, 2021.
The proceeds were used to redeem its 5.75% Baby Bond (TPVY) lowering its overall borrowing rates. However, there was also a decline in portfolio yield.
Last year I predicted a special divide…