3 BDCs are currently on our listing or liquidation watch list. Who are the potential BDCs?

Answer:

1. Corporate Capital Trust – the Board voted on April 3, 2017 for a potential listing and more information should come out in the next 12 months.

2. Business Development Corporation of America – now managed by Benefit Street Partners, recently released an investor presentation that mentioned a goal of positioning the company for a listing or liquidation.

3. FS Investment Corporation II – although no plans have been shared, the company’s offering closed in March 2014 and a merger or acquisition by the already listed FS Investment Corporation (FSIC) would make a logical liquidity event.