CEF Advisors

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Newtek Business Services Corp (NEWT)

BDC - Debt Focused BDC

Data as of Dec. 3, 2021
Market Price $29.69 (- $0.28)
NAV (Sept. 30, 2021) $16.23 ( $0.00)
Premium / Discount 82.93% (-1.73%)
Fund Info
Inception Sept. 29, 2000
Sponsor Newtek
Website http://investor.newtek...
Location Florida
Incorporated Maryland
Staggered Board Yes
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
High Income Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 24,071,892
Total Assets (Reported: Sept. 30, 2021) $1,043M
Estimated Total Assets $741M
Net Assets $391M
Market Cap $715M
Portfolio Turnover 99.90%
Debt-to-Equity 1.3478
Total Leverage 47.28%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 21.67%
Non Lev Exp Ratio 15.79%
Gross Asset Expense Ratio 7.32%
Gross Asset Non Lev Exp Ratio 5.34%
Rel Lev Cost 4.20%
Discount Data
Average Discount (3 Yr) 43.13%
Discount Low(3 Yr) -37.90%
Discount High(3 Yr) 137.71%
Discount Rel Range 68.81%
Comp Discount 80.29
Discount St Dev (1Yr) 29.37
Z-Stat (6mo) -0.31
Z-Stat (1Yr) 0.35
Z-Stat (3Yr) 1.30
Comp Z-Stat (6mo) 0.02
Comp Z-Stat (3Yr) 0.55
Distribution Data
Market Yield 14.15%
Income Yield 14.15%
Lev Adj NAV Yield 17.57%
Av Yield on Debt Investments 5.42
Distribution Frequency Q
Current Distribution $1.050
Current Income $1.050
Ex-Date 12/17/21
Payable Date 12/30/21
Div Growth (3yr) 110.00%
Dividend Change 16.7% on 10/20/21
Expected Div 2/11/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2020 2018 - 2020
Income 100% 95.6%
ST Gains 0% 0%
QDI 27.8% 25.6%
LT Gains 0% 4.4%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $7,583
Avg Volume 30 day 211,992
Avg Volume 90 day 255,417
Volume Trend -17.00%
Comp Volume Trend -21.94%
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): TSLX 47.0%
Price St Dev (1Yr) 44.1%
NAV St Dev (1Yr) 5.9%
Earnings / Share (9/30/21) $-0.305
Adj Core NII Coverage 54.49%
1 Yr Avg NII Coverage 37.93%
1 Yr Avg Adj Core NII Coverage 106.12%
NII Trend -46.00%
Adj Core NII Trend 19.19%
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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