Sixth Street Specialty Lending: A 10% BDC Yield For A Recession
BDCBelden(BDC) Seeking Alpha·2024-09-05 20:50
Henrik Sorensen Sixth Street Specialty Lending (NYSE:TSLX) reported a decline in net funded investment activity in the second quarter, due to faster repayments from its mostly First Lien investments. The business development company comfortably out-earned its dividend with adjusted net investment income in the second quarter, and the 10% dividend yield should be relatively secure. Though there are risks related to the company’s fairly aggressive floating-rate posture in a lower interest rate environment ...