BDC Buzz
Dividend investing, high income, BDCs, portfolio strategy

TICC Capital: Lower Fees For Higher Yields In 2014?

I recently finished a report on TICC Capital (NASDAQ:TICC) with updated pricing and projections using the updated fees paid the Investment Advisor which will be much lower for 2014. I believe this is not reflected in the current analyst EPS projections and as rates begin to rise this will become a large driver of expense reduction for the company and ultimately increase returns to shareholders starting this year. This article will explain what this could mean to investors as yields rise along with the general interest rate sensitivity of TICC's investments and borrowings and the combined impact to earnings and investor returns.

Investment Advisor Fees

As an externally managed BDC, TICC is required to pay a base management...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details