Prospect: Portfolio Debtor Files For Bankruptcy, Meet New Century Tr...

06/13/14

Prospect: Portfolio Debtor Files For Bankruptcy, Meet New Century Transportation
Seeking Alpha
This recent investment, representing 2.3% of Net Assets at origination, went from performing (at par) to Chapter 7 in under two quarters. PCM's representations of low "non-accruals" absent concurrent disclosure of investments that end in bankruptcy, ...

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