BDCs

Terra Income Fund 6, Inc.

On January 7, 2019, Terra Income Fund 6, Inc. (Terra 6) announced that its board of directors voted change its tax election from a RIC to a REIT under the tax code. Failure of Terra 6 to qualify as a REIT may subject Terra 6 to entity-level taxation which may adversely affect investors.  Additionally, Terra 6 noted that it is changing its fiscal year end from September 30 to December 31.

For more information: CLICK HERE

Sponsors

GWG Holdings, Inc.

On December 28, 2018, GWG Holdings, Inc. (GWG) announced that it had completed its strategic transaction with The Beneficient Group, L.P. (BEN).  Following the closing of the transaction GWG holds 40.5 million common units of BEN and a $193 million commercial loan to BEN. Additionally, GWG issued 27.0 million shares of common stock, and Seller Trust L Bonds with an aggregate principal amount of $367 million to BEN. GWG had approximately 6.0 million shares of common stock outstanding as of September 30, 2018.

For more information: CLICK HERE