Fidus Investment achieved a 23% year-over-year growth in net investment income, with a 125% dividend coverage ratio in Q1. The portfolio value grew by 19% year-over-year to $1.37 billion, defying negative industry trends. Meanwhile, Chemtrade Logistics reported strong cash flows despite a 50% year-over-year decline in net income driven by higher operating and finance costs.
DLY fund offers a 9.93% yield at a 6.99% NAV discount, though declining investment income and a 0.71x coverage ratio signal potential payout risks.
Read the full storyThe company reported robust cash flows covering its C$0.06 monthly dividend, despite operating and finance cost pressures impacting Q2 net income.
Portfolio value rose 19% YoY to $1.37B, defying BDC portfolio shrinkage trends, according to reports.