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BDCA Increases Quarterly Distribution, Declares Special Dividend

The board of Business Development Corporation of America, a non-traded business development company, has declared a special distribution and increased its quarterly distribution.

The board of Business Development Corporation of America, a non-traded business development company, has declared a special distribution of $0.02 per share to stockholders of record on September 30, 2021. In addition, the board declared a regular quarterly distribution of $0.13 per share, an increase of $0.03 per share from the prior quarter.

Business Development Corporation of America oversees a $2.5 billion investment portfolio, which primarily consists of loans to middle market companies, as of June 30, 2021. The fund is managed by its investment adviser, BDCA Adviser LLC, an affiliate of Benefit Street Partners.

Business Development Corporation of America commenced its initial public offering in January 2011 and raised $1.9 billion before closing in April 2015. Combined with distribution reinvestment plan proceeds, the company has raised $2.4 billion as of the second quarter of 2021.

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