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Re: conix post# 53

Wednesday, 08/04/2021 10:05:22 AM

Wednesday, August 04, 2021 10:05:22 AM

Post# of 92
What just happened?

NEWT is a BDC (Business Development Corp) and therefore required to pay out 90% of Taxable Income. NEWT now intends to become a Bank Holding Company which will almost certainly slash the payout while adding more regulation and other requirements.

More on that change:
https://seekingalpha.com/news/3723415-newtek-agrees-to-buy-national-bank-of-new-york-city-in-plan-to-be-bank-holding-co

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