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Updated AINV Projections: Potential Downgrade

Updated AINV Projections: Potential Downgrade

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BDC Buzz
May 21, 2021
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Updated AINV Projections: Potential Downgrade
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Summary

  • I have updated the projections for AINV to take into account the recently reported results and guidance from management on the earnings call yesterday (see below).

  • AINV’s recurring interest income declined to its lowest level over the last 15 years and the company would have only covered around 87% of dividends if incentive fees were paid.

  • Manageme…

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