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Newtek Business Services Corp (NEWT)

BDC - Debt Focused BDC

Data as of May 26, 2022
Market Price $23.63 (+ $0.08)
NAV (March 31, 2022) $16.49 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 43.30% (+0.49%)
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
Capital & Leverage
Outstanding Shares 24,161,106
Total Assets (Reported: March 31, 2022) $1,009M
Estimated Total Assets $730M
Net Assets $398M
Market Cap $571M
Portfolio Turnover 77.36%
Debt-to-Equity 1.1507
Total Leverage 45.43%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 19.32%
Non Lev Exp Ratio 14.67%
Gross Asset Expense Ratio 7.68%
Gross Asset Non Lev Exp Ratio 5.83%
Rel Lev Cost 4.07%
Discount Data
Average Discount (3 Yr) 47.91%
Discount Low(3 Yr) -37.90%
Discount High(3 Yr) 137.71%
Discount Rel Range 46.24%
Comp Discount 50.80
Discount St Dev (1Yr) 22.24
Z-Stat (6mo) -1.77
Z-Stat (1Yr) -1.50
Z-Stat (3Yr) -0.15
Comp Z-Stat (6mo) -0.32
Comp Z-Stat (3Yr) -0.18
Distribution Data
Market Yield 12.70%
Income Yield 12.70%
Lev Adj NAV Yield 12.51%
Av Yield on Debt Investments 6.39
Distribution Frequency Q
Current Distribution $0.750
Current Income $0.750
Ex-Date 6/16/22
Payable Date 6/30/22
Div Growth (3yr) 63.04%
Dividend Change 15.4% on 4/20/22
Expected Div 7/20/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2021 2019 - 2021
Income 100% 96.7%
ST Gains 0% 0%
QDI 18.7% 22.8%
LT Gains 0% 3.4%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $3,990
Avg Volume 30 day 178,059
Avg Volume 90 day 168,867
Volume Trend 5.44%
Comp Volume Trend 1.82%
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 49.0%
Price St Dev (1Yr) 42.9%
NAV St Dev (1Yr) 3.5%
Earnings / Share (3/31/22) $0.040
Adj Core NII Coverage 95.35%
1 Yr Avg NII Coverage 16.06%
1 Yr Avg Adj Core NII Coverage 95.88%
NII Trend -72.43%
Adj Core NII Trend -21.36%
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.

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