The following sentence/paragraph at the end of the article needs clarification:
BDCs invest in the debt and equity of small to mid-market companies, with the instruments ranging from the senior secured level to below investment grade or “junk,” an asset class typically not available to retail investors.All BDCs invest in debt, and to a much lesser extent equity, of non-rated, small and middle-market private companies. Whether the debt is senior secured or unsecured subordinated debt, it's debt from companies below investment grade. Senior secured debt issued by a "junk" company is still considered "junk" debt.
Finally, what's up with Corporate Capital Trust's 149% payout? I guess I have some homework.