Business Development Corporation of America (BDCA) Investment Losses

business-development-corporation-of-america-bdca-investment-lossesOn August 9, 2021, Mackenzie Realty Trust reportedly extended an unsolicited tender offer to purchase shares of BDCA for $2.50 a share. Originally, investors purchased the shares at $10.00. BDCA suspended its distribution reinvestment and stock purchase plan on March 30, 2020. While BDCA did not provide justification for the suspension of distributions, many other non-traded REITs made similar suspensions in response to the global pandemic.

A business development company (BDC) is an organization that invests in small- and medium-sized companies as well as distressed companies. A BDC helps small- and medium-sized firms grow in the initial stages of their development. With distressed businesses, the BDC helps the companies regain sound financial footing.

If you suffered investment losses after recommendations that you purchase investments in BDCA, you could have a claim against your broker to recover those losses.

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