BDC Weekly Review: Apollo Wants To Sell MFIC
The latest review of business development companies (BDCs) indicates a downward trend for the sector. Notably, PSEC experienced a dividend cut, while OTF showed signs of recovery after previous losses related to software loans. The report also highlights Apollo's intention to sell MidCap Financial Investment Corporation (MFIC).
- ▪BDCs were lower on the week, reflecting a challenging market environment.
- ▪PSEC faced a significant dividend cut, impacting its stock performance.
- ▪OTF managed to rebound after suffering losses from software loans.
- ▪Apollo is looking to sell MidCap Financial Investment Corporation (MFIC).
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