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Business development company
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A Business Development Company or BDC is a form of publicly traded private equity vehicle in the United States.
Historically, in the United States, there had been a group of publicly traded private equity firms that were registered as business development companies (BDCs) under the Investment Company Act of 1940. [1]
Typically, BDCs are structured similar to real estate investment trusts (REITs) in that the BDC structure reduces or eliminates corporate income tax. In return, REITs are required to distribute 90% of their income, which may be taxable to its investors.
BDCs
As of the end of 2007, among the largest BDCs by market value, are (in alphabetical order:
See also
References
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