Business development company
Also written BDC.
Business development company: a listed company that lends to private middle-market businesses.
Definition
A listed investment company that lends to private middle-market businesses. It must distribute at least 90% of its taxable income, and distribution yields commonly run 8 to 12%. Examples: ARCC, MAIN, OBDC.
On a live record
ARCC (Ares Capital) is a business development company yielding 10.04% on its regular dividend, which net investment income covered 1.07x over the last four reported quarters. Open the ARCC record.
Written from the public record at the last refresh. Prices are 15 minutes delayed.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.