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

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

Newtek Business Services Corp (NEWT)

BDC - Debt Focused BDC

Data as of Oct. 17, 2019
Current
Market Price $21.73 (+ $0.01)
NAV (June 30, 2019) $15.33 ( $0.00)
Premium / Discount 41.75% (+0.07%)
Fund Info
Inception Sept. 29, 2000
Sponsor Newtek
Website http://investor.newtek...
Phone
Objective: The Company is engaged in providing financial and business services to the small and medium sized business market.
Related Indexes
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 19,162,024
Total Assets (Reported: June 30, 2019) $701M
Estimated Total Assets $621M
Net Assets $294M
Market Cap $416M
Debt-to-Equity 1.2614
Total Leverage 52.72%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 20.98%
Non Lev Exp Ratio 14.48%
Gross Asset Expense Ratio 8.68%
Gross Asset Non Lev Exp Ratio 5.99%
Rel Lev Cost 5.09%
Discount Data
Average Discount (3 Yr) 26.28%
Discount Low(3 Yr) -2.31%
Discount High(3 Yr) 58.17%
Discount Rel Range 72.74%
Comp Discount 47.94
Discount St Dev (1Yr) 10.40
Z-Stat
Z-Stat (6mo) -0.47
Z-Stat (1Yr) 0.54
Z-Stat (3Yr) 1.17
Comp Z-Stat (6mo) -0.22
Comp Z-Stat (3Yr) 1.29
Distribution Data
Market Yield 13.07%
Income Yield 13.07%
Lev Adj NAV Yield 12.13%
Av Yield on Debt Investments 7.23
Distribution Frequency Q
Current Distribution $0.710
Current Income $0.710
Ex-Date 12/13/19
Payable Date 12/30/19
Div Growth (3yr) 77.50%
Dividend Change 22.4% on 10/10/19
Expected Div 2/13/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018 2016 - 2018
Income 96.9% 90.2%
ST Gains 0% 0%
QDI 20.0% 24.8%
LT Gains 3.1% 9.8%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $2,767
Avg Volume 30 day 144,808
Avg Volume 90 day 127,358
Volume Trend 13.70%
Comp Volume Trend 16.80%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
67.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
73.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
83.0%
Most Correlated Peer (Mk Pr): SLRC 78.0%
Price St Dev (1Yr) 29.1%
NAV St Dev (1Yr) 1.0%
Earnings
Earnings / Share (6/30/19) $-0.056
Adj Core NII Coverage 80.63%
1 Yr Avg NII Coverage -12.83%
1 Yr Avg Adj Core NII Coverage 108.80%
NII Trend -20.94%
Adj Core NII Trend -5.28%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.86
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.05
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
1.31
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2016. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.