Juul Investor BlackRock TCP Capital Currently Yielding 10.3%

|
About: BlackRock TCP Capital Corp (TCPC), Includes: AINV, ARCC, BBDC, BKCC, CGBD, CPTA, CSWC, FSK, GARS, GBDC, JUUL, MAIN, MCC, MRCC, NMFC, OCSL, ORCC, PNNT, PTMN, TCRD, TPVG, TSLX
by: BDC Buzz
This article is exclusive for subscribers.
BDC Buzz
Dividend investing, high income, BDCs, portfolio strategy
Summary

Each quarter, I analyze the results for each BDC to assess ongoing/upcoming credit issues, ultimately to assign a "risk ranking" and corresponding target prices.

I recently did this for TCPC, some of which are presented in this article, including an updated "Watch List" of portfolio investments.

TCPC's largest new investment during Q3 2019 was Juul, which produces electronic cigarettes/vaping products that have been under recent pressure from the Food & Drug Administration.

Last year, I presented a series of articles discussing how to build a retirement portfolio using Business Development Companies ("BDCs") including:

  • Part 1 discussing Monroe Capital (MRCC), Owl Rock Capital Corporation (ORCC