CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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BDC - Debt Focused BDC

Data as of Oct. 21, 2021
Market Price $14.11 (- $0.06)
NAV (June 30, 2021) $16.14 ( $0.00)
Premium / Discount -12.58% (-0.37%)
Fund Info
Inception June 14, 2017
Sponsor Carlyle GMS Investment Management L.L.C
Website http://tcgbdc.com/
Phone (202) 729-5800
Location New York
Incorporated Maryland
Staggered Board No
Objective: Generate current income and capital appreciation primarily through debt investments in U.S. middle market companies.
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 54,010,195
Total Assets (Reported: June 30, 2021) $1,962M
Estimated Total Assets $1,878M
Net Assets $872M
Market Cap $762M
Portfolio Turnover 38.58%
Debt-to-Equity 1.1367
Total Leverage 53.58%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 9.59%
Non Lev Exp Ratio 5.90%
Gross Asset Expense Ratio 4.46%
Gross Asset Non Lev Exp Ratio 2.74%
Rel Lev Cost 3.21%
Discount Data
Average Discount (3 Yr) -22.66%
Discount Low(3 Yr) -72.16%
Discount High(3 Yr) -9.17%
Discount Rel Range 94.60%
Comp Discount -17.66
Discount St Dev (1Yr) 8.18
Z-Stat (6mo) 1.02
Z-Stat (1Yr) 0.85
Z-Stat (3Yr) 0.77
Comp Z-Stat (6mo) 0.36
Comp Z-Stat (3Yr) -0.22
Distribution Data
Market Yield 9.07%
Income Yield 9.07%
Lev Adj NAV Yield 5.16%
Av Yield on Debt Investments 8.01
Distribution Frequency Q
Current Distribution $0.320
Current Income $0.320
Ex-Date 9/29/21
Payable Date 10/15/21
Div Growth (3yr) -13.51%
Dividend Change -13.5% on 8/3/20
Expected Div 11/2/21
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2020 2018 - 2020
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $2,601
Avg Volume 30 day 184,009
Avg Volume 90 day 184,331
Volume Trend -0.17%
Comp Volume Trend 1.72%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): AINV 82.0%
Price St Dev (1Yr) 24.9%
NAV St Dev (1Yr) 4.3%
Earnings / Share (6/30/21) $0.383
Adj Core NII Coverage 119.68%
1 Yr Avg NII Coverage 117.33%
1 Yr Avg Adj Core NII Coverage 116.68%
NII Trend -1.74%
Adj Core NII Trend -0.65%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 1.00%
% Loans with Libor Floor 85%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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