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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Newtek Business Services Corp (NEWT)

BDC - Debt Focused

Data as of Aug. 21, 2019
Market Price $22.40 (+ $0.69)
NAV (June 30, 2019) $15.33 ( $0.00)
Premium / Discount 46.12% (+4.50%)
Fund Info
Inception Sept. 29, 2000
Sponsor Newtek
Website http://investor.newtek...
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 $429M
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) 23.74%
Discount Low(3 Yr) -5.95%
Discount High(3 Yr) 58.17%
Discount Rel Range 74.19%
Comp Discount 52.17
Discount St Dev (1Yr) 10.87
Z-Stat (6mo) 0.30
Z-Stat (1Yr) 0.55
Z-Stat (3Yr) 1.31
Comp Z-Stat (6mo) 0.47
Comp Z-Stat (3Yr) 1.31
Distribution Data
Market Yield 8.21%
Income Yield 8.12%
Lev Adj NAV Yield 7.86%
Av Yield on Debt Investments 7.23
Distribution Frequency Q
Current Distribution $0.460
Current Income $0.455
Ex-Date 6/13/19
Payable Date 6/28/19
Div Growth (3yr) 31.43%
Dividend Change 15.0% on 5/1/19
Expected Div 8/9/19
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) $2,220
Avg Volume 30 day 107,784
Avg Volume 90 day 99,129
Volume Trend 8.73%
Comp Volume Trend 2.80%
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): SLRC 78.0%
Price St Dev (1Yr) 31.1%
NAV St Dev (1Yr) 1.8%
Earnings / Share (6/30/19) $-0.056
Adj Core NII Coverage 124.45%
1 Yr Avg NII Coverage -13.46%
1 Yr Avg Adj Core NII Coverage 115.24%
NII Trend -20.94%
Adj Core NII Trend -5.28%
Loan Specific Data
Maturity 16.05
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 % %
% Loans with Libor Floor 0%


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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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