We added a new Seeking Alpha article to the Prairie Provident Company File. The conclusions were not very encouraging, including the following:
The net debt to TTM adjusted funds flow ratio is very high at 14.6x. Also, due to the disastrous Q4, the company is about to breach its financial covenants.
Not good news for the only BDC with exposure: GSBD. However, the current value of the investment is so small – all in equity – as to be immaterial.