Net investment income
Also written NII, NII coverage.
NII coverage: net investment income, a BDC's income less operating expenses, over the regular dividend. Above 1.0 times, income covers it.
Definition
For a BDC, investment income less operating expenses. Coverage above 1.0 times means the distribution is paid from income rather than capital. The BDC score reads it over four quarters; the NII Coverage Cushion calculator tests how far it can fall.
On a live record
ARCC (Ares Capital) earned 1.07x its regular dividend in net investment income 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.