Wall Street Transcript Interview with Greg Mason, Director and Senior Equity Analyst for Specialty Finance at Stifel Nicolaus & Co.: BDCs Obtain Better Risk/Reward at the Lower End of the Middle Market

67 WALL STREET, New York - December 14, 2012 - The Wall Street Transcript has just published its Business Development Companies Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Decreased Bank Loan Competition - Low Corporate Credit Default Rate - Consistent BDC Dividend Yield - Stronger Middle Market Loan Origination - BDC Risk/Reward Profile - Private Middle Market Funding

Companies include: Triangle Capital Corporation (TCAP) and many others.

In the following excerpt from the Business Development Companies Report, an experienced specialty finance analyst discusses the outlook for the sector for investors:

TWST: Overall, what is the situation for business development companies right now?

Mr. Mason: I would say it has been, and should continue to be, a pretty good environment for BDCs. From a capital-raising standpoint for third quarter and early in the fourth quarter was the second most robust quarter for raising capital for the BDCs - 2Q07 was the largest quarter on record - as they raised nearly $1.2 billion in equity and $2.1 billion in debt capital. So they were very successful in building up their dry powder for making new investments.

I would say, on the investment side, the situation was mixed. Clearly in the liquid markets, meaning the syndicated bank loan markets and high-yield bond markets, the situation was very frothy in the third quarter driven by significant capital flows into mutual funds and bank loan funds.

And as a result, there was a lot of capital that

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.