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Stock impact report

Carlyle Secured Lending: Dividend Is No Longer Supported Following Q3 Earnings [Seeking Alpha]

TCG BDC, Inc. (CGBD) 
Last tcg bdc, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tcgbdc.com/news-releases
Company Research Source: Seeking Alpha
CGBD's NAV and share price continue to decline despite a 12.9% dividend yield and deeper discount to NAV. Rising operating and interest expenses, along with increased debt reliance, pressure CGBD's earnings and balance sheet. Management relies on $0.86/share spillover income to sustain payouts, but this may erode NAV and share price further. Richard Drury/DigitalVision via Getty Images Overview Many business development companies continue to suffer as the debt markets deteriorate. As a result, Carlyle Secured Lending ( CGBD ) continues to struggle to find its bottom. When I previously covered CGBD, I This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relations Show less Read more
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