Q1’26 Yield Walk: Reported to Cash

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Octus|May 28, 2026
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The number of issuers with nonaccruals maturing through 2028 increased by 4% in Q1’26

BDCs reported annualized income yields of 9.6% in the first quarter. Removing noncash income from accretion of new issue discounts and reducing reported interest by PIK dividend results in annualized cash yields of 8.7%.

Contact Kim Giancaspro
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