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Posted by
Two Blokes Tue at 9:00 PM -
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Stock
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BKLN remains a Hold as I anticipate imminent Fed rate cuts, which will likely reduce future income from floating-rate loans. Distributions have declined in line with expectations, reflecting the impact of 2024's rate cuts and portfolio turnover, though recent payments have rebounded slightly. The portfolio's credit quality is stable, but maturities have shifted longer, and most holdings yield in the mid-to-upper single digits.
