Ares Management, L.P. is the largest BDC in the US by assets. The company holds a well-diversified, low risk portfolio of assets and has provided sustained income to investors since its IPO in 2004. This article provides a background on the company, analyzes its portfolio and finally concludes with our opinion on whether investors should consider adding exposure to the company.
Last week was volatile and painful for many higher-yielding securities. For example, REITs, BDCs and MLPs (all known for high-yield) sold off significantly. We are in no way suggesting last week was a bottom, but we do believe some high-quality companies have sold off thereby making for more attractive entry points for long-term investors. This article highlights 100 high-yield equities that sold-off last week, and then reviews 10 specific opportunities that long-term income-focused investors may want to consider.
Ares Capital (ARCC) is an attractive big-dividend (9.9%) Business Development Company (BDC) trading at a discounted price. And despite the risks, such as heightened short-interest, an increasingly hawkish fed, and management conflicts of interest, we believe Ares is an attractive long-term investment for income-focused investors because of its big dividend, recently discounted price, and attractive fundamentals.
It's been a choppy year so far for big-dividend Business Development Companies (BDCs), and this has created some attractive buying opportunities. This article provides a ranking of the best and worst performing BDCs this year, and then details seven specific guidelines that we believe are worth considering before making an investment, especially given our current market conditions.
As a follow-up to our recent report “Big Divided BDCs: Ranking the Best and Worst,” this article provides the details for our top 4 favorites Business Development Companies. Two of the four are internally managed, all have recently sold off creating a more attractive entry point for long-term investors, and they offer dividend yields of 10%, 7%, 13%, and 10%, respectively.