Business Development Companies (BDCs) - Differentiated Performance and Attractive Value


Presented by 




TUESDAY, JULY 28, 2015, 10:00 AM ET 

3:00 PM LONDON | 4:00 PM PARIS | 5:00 PM ATHENS | 10:00 PM HONG KONG 

DURATION: 40 MINUTES FOLLOWED BY Q&A SESSION

LISTEN TO OUR EXPERT PRESENTER LIVE FROM YOUR OWN DESK
 



This webinar has been approved by IMCA for 1.00 CIMA/CPWA Credit
Submit your CIMA number at registration.


Overview 

In 1980, Congress created Business Development Corporations (BDCs) to spur investment in middle market companies. Today, there are over 50 publicly traded BDCs with a combined market capitalization of over $32 billion. BDCs provide primarily secured loans to U.S. private middle market businesses. Unlike banks and other financial companies, BDCs have conservative capital structures with maximum debt-to-equity of 1.00x (0.63x on average).

Despite the positive sector fundamentals, there is currently a market dislocation among BDCs and the sector has traded at a discount to net asset value in the last several months due to its removal from the broad market equity indices, energy credit concerns, and interest rate fears.

Mr. Grier Eliasek, President and Chief Operating Officer of Prospect Capital, will discuss the fundamentals in the BDC industry. Mr. Eliasek will also discuss Prospect’s historical performance, balance sheet strengths, differentiated origination approach, credit selection discipline, and more, providing investors with an attractive value proposition.

Prospect Capital Corporation (Nasdaq: PSEC) is one of the largest publicly traded BDCs with a market capitalization of approximately $2.8 billion. Prospect has $7.3 billion in capital under management and its investment portfolio includes 132 companies across 29 industries. As of May 29, 2015, Prospect traded at a discount to net asset value of 23% versus a median of 6% for the BDC sector and had a 12.7% annualized dividend, paid monthly. Since its IPO in July 2004, Prospect’s distributable income has exceeded dividends paid.

Click here to view PSEC Outperformance Slides
(This is not the full presentation. The full presentation to be delivered on the day of the webcast)


Featured Presenter 






   Grier Eliasek
   
President and Chief Operating Officer
   Prospect Capital Corporation


Mr. Eliasek is President and Chief Operating Officer of Prospect Capital Corporation (PSEC) and a Managing Director of Prospect Capital Management (PCM) and Prospect Administration. He also serves on the Board of Directors for Prospect Capital Corporation.

At Prospect Capital, Mr. Eliasek is responsible for leading the Prospect team of professionals in the origination and assessment of investments. Prior to Prospect Capital, Mr. Eliasek served as a Managing Director with Prospect Street Ventures, an investment management firm which, together with its predecessors, has invested in excess of $1.5 billion in senior loan, mezzanine, bridge loan, private equity, and venture capital structures through publicly traded closed-end funds and private limited partnerships. Prior to joining Prospect, Mr. Eliasek served as a consultant with Bain & Company, a global strategy consulting firm, where he managed engagements for companies in several different industries. At Bain, Mr. Eliasek analyzed new lines of businesses, developed market strategies, revamped sales organizations, and improved operational performance.

Mr. Eliasek received his MBA from Harvard Business School. Mr. Eliasek received his Bachelor of Science degree in Chemical Engineering with Highest Distinction from the University of Virginia, where he was a Jefferson Scholar and a Rodman Scholar.
 


Webinar Structure


The webinar will consist of a 40-minute expert presentation, which will be followed by a Q&A lasting for 15 minutes. This webinar will be archived and available for replay upon registration.



Q&A Session - Submitting Questions 


Participants can submit questions prior to or during the event through the special feature on the event page, or they can email them to Capital Link at questions@capitallink.com. The Q&A portion of the webinar is 10 minutes long.


This webinar is organized by Capital Link, a New York-based Investor Relations and Financial Communications firm.

Registrants can download the PowerPoint presentation from this webcast.


A FREE AND INVALUABLE RESOURCE

 

This webinar will also be available on demand at any time after the live broadcast.


Who Should Attend?

Broker-Dealers - Certified Financial Planners - Certified Trust and Financial Advisors - Closed-End Funds Issuers - Financial Advisors - Financial Media - Financial Planners - Hedge Fund Managers - Institutional Investors - Investment Consultants - Pension Fund Managers - Prime Brokers - Private Bankers



About Capital Link, Inc. 

 

Capital Link is a New York-based investor relations and financial communications firm, which, among other activities, maintains a strategic focus on closed-end funds and ETFs. 

Capital Link has developed specific investor outreach programs and IR tools focused on CEFs and ETFs in order to enhance their profiles among analysts, investors, and financial media. 

In pursuit of this objective, Capital Link maintains websites dedicated to CEFs (www.CEFForum.com) and ETFs (www.ETFForum.com) that track the news and developments of all U.S. listed CEFs and ETFs, providing investors with a free information resource on these topics. The 13th Annual Closed-End Funds & Global ETFs Forum (www.CapitalLinkForum.com), considered a premier industry annual event, will take place in New York City on April 24, 2014, bringing together investors, analysts, wealth management professionals, and CEF and ETF industry participants. Capital Link also offers the "Closed-End Funds & Global ETFs Webinar Series (www.CapitalLinkWebinars.com)," an online interactive platform that is on CEFs, ETFs, and other pertinent industry topics. Open to the public, these virtual events provide an in-depth look into the CEF & ETF industry, and ground issues and timely topics in the context of the global economy, fostering a better understanding among participants. 

Achieve Maximum Visibility as the Exclusive Presenter/Sponsor of a Capital Link Closed-End Funds & Global ETFs Webinar


When was the last time you were able to talk to a global audience about your company's products and services? We can help you do that with one of our cost-effective, high-return Webinars.

The Capital Link Closed-End Funds & Global ETF Webinar Series provides numerous live and on-demand playback investor webinars that are focused on topics of contemporary interest in the industry. As a sponsor of one of these webinars, your company will provide updates and enlightenment on issues of importance while aligning your organization with the interests of our audience. Sponsors of these webinars will receive brand recognition and exposure as well as the ability to offer a white paper or PowerPoint presentation at registration to webcast attendees so as to generate leads.

For more information on webinar sponsorship opportunities, please contact Nicolas Bornozis at funds@capitallink.com or call +1 212 661-7566.


Capital Link - New York - London - Athens - Oslo 
230 Park Avenue - Suite 1536 - NY - New York 10169, USA - Tel.: +1 212 661 7566 - Fax: +1 212 661 7526
Longcroft House,2-8 Victoria Ave, London, EC2M 4NS, U.K - Tel. +44(0) 203 206 1320 - Fax. +44(0) 203 206 1321
40, Agiou Konstantinou Str, Suite A 5, 151-24 Athens, Greece - Tel. +30 210 6109 800 - Fax +30 210 6109 801 
Raadhusgaten 25 P.O.Box 1904 Vika N-0116 Oslo, Norway 













  ©  Copyright 1996-2017. Capital Link, Inc. All rights reserved.

visit:   www.capitallink.com  |  www.capitallinkshipping.com  |  www.capitallinkgreece.com  |  www.capitallinkfunds.com  


Disclaimer & Terms Of Use. The information herein is not an offer to buy or sell any kind of securities nor does it constitute investment advice of any kind. Capital Link does not represent or warrant the accuracy of the information in this site. The user of the site acknowledges that he/she accesses the information at his/her own risk and cannot hold Capital Link liable for any matter in any way. Please read full disclaimer and terms of use.