8.15.2024

Every little helps

Crescent Capital BDC, Inc. Common Stock (CCAP) announced on August 12 that it will also pay a special dividend on September 16 of ¢9.

Following the recent redistribution where we sold off our entire holding in TriplePoint Venture Growth BDC Corp. Common stock (TPVG) in favor of Ares Capital Corporation Common Stock (ARCC), British American Tobacco Industries, p.l.c. Common Stock ADR (BTI), NNN REIT, Inc. Common Stock (NNN) and Oxford Lane Capital Corp. Common Stock (OXLC) and thereby reduced our annual dividend by $639, every nickel is welcome.

In addition to lowering our annual dividend, the aforementioned redistribution is the reason why September will be our worst performing month in Group 3. Our current interim goal at the moment is to restore the annual dividend to the same level as before as we reduced the risk in the portfolio.

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