BDCs are a public play on private credit. They raise capital from investors and lend to small and midsize businesses.
Illustration by Benedetto Cristofani
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In a low interest-rate world, the promise of a 7%-plus dividend yield sounds too good to be true, and with most stocks it usually is. But there’s a corner of the market where rich dividends are attractive and arguably underpromoted. Welcome to the world of…
