Oxford Square Capital Corp. (OXSQ) — 22% yield masks NAV erosion as half of distributions come from returned capital. Oxford Square’s CLO equity yields compressed from 9.7% to 8.6% in one quarter due ...

Oxford Square Capital Corp. (NASDAQ:OXSQ) carries a yield around 22%, but that number rests on two income streams, one of which is visibly cracking. Understanding what drives that yield, and what ...

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The merger leaves unknown the fate of the 650-seat O'Reilly Theater, built for the Public in 1999. In the biggest shakeup on the local theater scene in decades, Pittsburgh’s two largest theater ...

JUST IN THIS NOON, A BIG MERGER IN PITTSBURGH’S ARTS COMMUNITY. THE BOARDS OF PITTSBURGH PUBLIC THEATER AND PITTSBURGH CLO VOTING IN FAVOR OF CREATING A NEW UNIFIED ORGANIZATION. BOTH SAY THE DECISION ...

Pittsburgh CLO and Pittsburgh Public Theater are forming a new organization. In a joint press release on Wednesday, the organizations announced a merger, saying the decision follows more than a year ...

The leadership of Pittsburgh Public Theater and Pittsburgh CLO announced Wednesday that the boards of both companies have voted to merge into a new cultural institution. “This theater will be a ...

It's no secret that CLO equity funds have had a horrendous time lately. Distributions have been cut, NAVs have deteriorated, and share prices have fallen sharply across much of the sector. And the ...

(Bloomberg) — Fear of rising defaults is spreading from the leveraged loan market to some of the retail funds that ultimately buy the debt as investors get choosier about taking on credit risk. The ...

Fidelity Investments is expanding its presence in collateralized loan obligations with two new actively managed ETFs that split exposure between AAA-rated tranches and lower-rated slices of the market ...

This wasn't about the underlying CLO market - loan performance was fine. It was about which structures could absorb sentiment shifts without blowing up. High yield without coverage eventually reveals ...