Core Viewpoint - The Gabelli Healthcare & Wellness Trust has declared a cash distribution of $0.17 per share, payable on March 24, 2026, to shareholders of record on March 17, 2026 [1]. Distribution Policy - The Fund plans to pay quarterly distributions determined by the Board of Trustees, with potential additional distributions in December based on excess income and net realized capital gains [2]. - The Board of Trustees reviews potential distributions each quarter, considering the Fund's net asset value and market conditions, with the distribution policy subject to modification or termination [3]. Tax Implications - Portions of the distribution may be classified as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4]. - Shareholders with income exceeding certain thresholds may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4]. Earnings and Return of Capital - If the Fund's earnings do not meet or exceed the total distributions in a year, the excess amount distributed will be considered a return of capital, generally not taxable and reducing the shareholder's cost basis [5]. - For 2026, the distribution to common shareholders is estimated to consist of approximately 2% from net investment income, 38% from net capital gains, and 60% deemed a return of capital [6]. Fund Overview - The Gabelli Healthcare & Wellness Trust is a diversified, closed-end management investment company with total net assets of $233 million, focusing on long-term capital growth [7].

Financial Data and Key Metrics Changes - For the quarter ended December 31, Core Net Investment Income was $0.27 per share, consistent with GAAP net investment income [5][14] - Net realized and unrealized change on investments resulted in a loss of $30 million, with NAV decreasing to $10.49 per share, down 3.1% from the previous quarter [14] - Debt-to-equity ratio was 1.57 times as of December 31, which was reduced to 1.5 times after subsequent asset sales [15] Business Line Data and Key Metrics Changes - The new joint venture, PSSL Two, invested $197 million during the quarter and an additional $133 million after the quarter end, with a total portfolio of $326 million [5][6] - The portfolio remains well-diversified, comprising 160 companies across 50 industries, with a weighted average yield on debt investments of 9.9% [15][16] - PIK interest represented only 2.5% of total interest income, indicating a conservative portfolio structure [7][16] Market Data and Key Metrics Changes - An increase in M&A transaction activity in the private Middle Market is noted, expanding the pipeline of new investment opportunities [6][7] - The pricing on high-quality first lien term loans remains attractive, typically ranging from SOFR plus 475-525 basis points [7] Company Strategy and Development Direction - The company aims to scale PSSL Two to over $1 billion in assets, consistent with existing joint ventures, focusing on generating a steady dividend stream while preserving capital [6][13] - The strategy emphasizes strong private equity sponsor relationships and disciplined underwriting, which are seen as competitive advantages [7][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market environment, anticipating that increased M&A activity will drive repayments of existing portfolio investments [6][25] - The company is well-positioned to cover dividends with projected run rate NII as the new joint venture ramps up [25] Other Important Information - The company has invested $8.7 billion in 545 companies, with a loss ratio on invested capital of only 13 basis points annually [12] - The focus remains on core Middle Market companies, typically those with $10-50 million of EBITDA, which operate below the threshold of broadly syndicated loans [11] Q&A Session Summary Question: Why is software such a low exposure within the portfolio? - Management indicated that the low exposure is a strategic decision to focus on cash flow loans at reasonable multiples, avoiding high-leverage, covenant-lite loans prevalent in the software sector [19][21] Question: Does the expectation to cover the dividend assume full optimization of the new joint venture? - Management confirmed that the expectation is based on ramping the joint venture to about $1 billion, with M&A activity expected to populate the JV and facilitate equity rotation [22][25] Question: What are the drivers of the unrealized marks in the quarter? - Management noted that most markdowns are related to the 2021 vintage, with some specific companies experiencing softness, but they do not foresee significant additional markdowns in the near term [41][45]

Core Viewpoint - The article emphasizes the importance of a diversified investment portfolio that includes both dividend and growth stocks, particularly focusing on European small-cap companies with a 5-7 year investment horizon [1]. Group 1: Investment Strategy - The investment group European Small Cap Ideas is dedicated to providing exclusive research on attractive investment opportunities in Europe, particularly in the small-cap sector [1]. - The strategy includes two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, aimed at generating capital gains and dividend income for continuous cash flow [1]. Group 2: Features and Offerings - The investment group offers weekly updates and educational content to enhance understanding of European investment opportunities [1]. - An active chat room is available for discussions regarding the latest developments in the portfolio holdings, fostering community engagement among investors [1].

Core Viewpoint - Wall Street analysts anticipate Ares Capital (ARCC) to report quarterly earnings of $0.50 per share, reflecting a year-over-year decline of 9.1%, while revenues are expected to be $795.35 million, an increase of 4.8% from the previous year [1] Group 1: Earnings and Revenue Estimates - Analysts expect Ares Capital to post earnings of $0.50 per share, indicating a 9.1% decline year-over-year [1] - Revenue projections stand at $795.35 million, which is a 4.8% increase compared to the same quarter last year [1] - The consensus EPS estimate has not changed over the past 30 days, indicating stability in analyst projections [1] Group 2: Specific Income Metrics - 'Dividend income' is projected to be $152.09 million, slightly down from $153.00 million reported in the same quarter last year [4] - 'Other Income' is expected to reach $17.85 million, up from $16.00 million in the previous year [4] - 'Capital Structuring Service Fees' are estimated at $51.37 million, an increase from $48.00 million year-over-year [5] - 'Interest Income from Investments' is projected to be $570.68 million, compared to $542.00 million reported in the same quarter last year [5] Group 3: Market Performance - Ares Capital shares have experienced a -0.4% change over the past month, contrasting with the Zacks S&P 500 composite's +0.9% performance [5] - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [5]

Core Viewpoint - Gladstone Capital Corporation announced monthly cash distributions for January, February, and March 2026, along with plans to report earnings for the first fiscal quarter ended December 31, 2025 [1] Cash Distributions - The company declared a cash distribution of $0.165 per share of common stock for each month of January, February, and March 2026 [1]

Group 1 - BCP Investment Corporation (NASDAQ: BCIC) will release its financial results for Q4 and the full year ended December 31, 2025, on March 5, 2026, after market close [1] - A conference call to discuss these results is scheduled for March 6, 2026, at 10:00 a.m. ET [1] - The company is publicly traded and operates as a closed-end investment company regulated under the Investment Company Act of 1940, focusing on middle market investments [4] Group 2 - The conference call can be accessed by phone at (646) 307-1963 using conference ID 1063680, and a replay will be available until March 13, 2026 [2] - A live audio webcast of the conference call will be available on the company's website, with an online archive accessible shortly after the call [3] - BCIC's investment activities are managed by Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors L.P. [4]

Core Viewpoint - Hercules Capital (HTGC) has experienced a significant increase in its aggregate dividend yield, reaching double digits after a 14% decline from its late summer peak to a recent low [1] Group 1: Company Performance - The recent dip in HTGC's stock price has led to a more attractive dividend yield for investors [1] - The equity market's daily price fluctuations contribute to long-term wealth creation or destruction [1] Group 2: Investment Strategy - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Insights - The current market environment is favorable for high yield income investors, as the overall market remains expensive despite recent volatility [2] - The focus is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] Investment Strategy - The investment group iREIT®+HOYA Capital specializes in high-yield, dividend growth investment ideas, targeting dividend yields up to 10% [2] - The group provides research on various asset classes including REITs, ETFs, closed-end funds, preferreds, and dividend champions [2] Market Context - Dividends are emphasized as a reliable source of income that cannot be clawed back, contrasting with unrealized capital gains [2] - The service aims to help investors achieve dependable monthly income and portfolio diversification [2]

Core Insights - Ares Capital Corporation (ARCC) reported third-quarter 2025 core earnings of $0.50 per share, aligning with the Zacks Consensus Estimate, but reflecting a 13.8% decline from the same quarter last year [1][7] - The increase in total investment income was a key factor, although higher expenses negatively impacted the bottom line [1][3] Financial Performance - GAAP net income for ARCC was $404 million, or $0.57 per share, compared to $394 million, or $0.62 per share, in the prior-year quarter [2] - Total investment income rose to $782 million, a 1% increase year over year, driven by higher capital structuring service fees and other income, surpassing the Zacks Consensus Estimate of $763.7 million [3][7] - Total expenses increased to $433 million, up 7.7% year over year, primarily due to higher interest and credit facility fees, as well as base management fees [3] Portfolio Activities - In Q3, ARCC made gross commitments of $3.92 billion to new and existing portfolio companies, remaining flat compared to the prior-year quarter [4] - The company ended the quarter with $2.63 billion in commitments, slightly up from $2.60 billion a year ago [4] - The fair value of ARCC's portfolio investments was reported at $28.7 billion as of September 30, 2025, with $25.9 billion in accruing debt and other income-producing securities [4] Balance Sheet Strength - As of September 30, 2025, ARCC's cash and cash equivalents totaled $1.04 billion, an increase from $635 million as of December 31, 2024 [5] - The company had $5.2 billion available for additional borrowings under existing credit facilities, with total outstanding debt at $15.6 billion [5] - Total assets were reported at $30.8 billion, and stockholders' equity was $16.5 billion, with a net asset value of $20.01 per share, up from $19.89 as of December 31, 2024 [5] Future Outlook - The demand for customized financing is expected to drive growth in total investment income in the near term, supported by increased investment commitments [6] - However, expansion strategies may lead to rising costs, and regulatory constraints are identified as a significant challenge [6]

Core Points - Talon Capital Corp. announced that starting on or about October 8, 2025, holders of units from the initial public offering can separately trade Class A ordinary shares and warrants [1] - The separated Class A ordinary shares and warrants are expected to trade on Nasdaq under the symbols "TLNC" and "TLNCW," while units that remain unseparated will trade under "TLNCU" [2] - A registration statement for these securities was filed with the SEC and became effective on September 8, 2025, with the offering made only by means of a prospectus [3] Trading Details - Holders of units must contact Odyssey Transfer and Trust Company to separate the units into Class A ordinary shares and warrants [2] - No fractional warrants will be issued upon separation, and only whole warrants will be available for trading [2] Regulatory Information - The press release does not constitute an offer to sell or solicit an offer to buy these securities in any jurisdiction where such actions would be unlawful [4] - Forward-looking statements regarding the unit separation and trading on Nasdaq are included, but no assurance is given that the company will complete an initial business combination [5]