A business development company (BDC) is an organization that helps small- to medium-sized companies grow in the first stages of development. BDCs are usually publicly-traded companies set up similarly to closed-end investment funds and may be appealing to investors who want the possibility of capital appreciation and current income.
The possible high yield of BDCs may be appealing to some investors, but higher potential yields can also mean higher risk of severe declines in market value. Investors should perform due diligence to understand the interest rate, liquidity, and leverage risk for leveraged BDCs and the credit and investment risk of the companies for whom the BDC provides financing.
If you’ve lost money in a BDC investment that was unsuitable for you, you may be able to recover losses. It’s best to let a trusted investor rights attorney review your case.
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