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NexPoint Expands Sales Team with Latest Hires

NexPoint, an alternative investment platform and sponsor, has hired David Bulger as regional sales director for Florida and Georgia in a move to expand...

Sierra Income Corporation Terminates Mergers with Two Affiliated Companies

The board of Sierra Income Corporation, a non-traded business development company, has terminated its previously announced mergers with Medley Capital Corporation (NYSE: MCC), a...

Sierra Income Corporation Suspends Distributions

The board of Sierra Income Corporation, a non-traded business development company, has suspended monthly distributions, indicating that the suspension is temporary and would enhance...

Business Development Corporation of America Changes Dividend Payment Frequency

Business Development Corporation of America, a non-traded business development company affiliated with Benefit Street Partners, has changed the timing of its dividend payments to...

Hines BDC Suspends Share Repurchases and Decreases Monthly DRIP Price

HMS Income Fund, a publicly registered, non-traded business development company sponsored by Hines, has suspended its share repurchase program and decreased its monthly distribution...

SEC Permits BDCs to Sell Senior Securities and Invest Alongside Affiliates

The Securities and Exchange Commission announced temporary, conditional exemptive relief for business development companies (BDCs) to enable them to make additional investments in small-...

SEC Adopts Offering Reforms for BDCs and Registered Closed-End Funds

The SEC has voted to adopt rule amendments to allow business development companies and registered closed-end funds to use the registration, offering, and communications...

CĪON Investment Corporation Suspends Distributions and Share Repurchase Program

CĪON Investment Corporation, a non-traded business development company, has changed the timing of declaring distributions from quarterly to monthly and temporarily suspended distributions and...

FS Energy and Power Fund Suspends Share Repurchase Program and Distributions

The board of FS Energy and Power Fund, a non-traded business development company that invests in energy companies, decided to terminate the company’s quarterly...

FS KKR Capital Corp II BDC Prices Unsecured Notes Offering

FS KKR Capital Corp. II (FSK II), a non-traded business development company, has priced a private placement offering of $475 million of its 4.25...