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Capital Southwest Announces Financial Results for Third Fiscal Quarter Ended December 31, 2024 and Announces Increase in Total Dividends to $0.64 per share for the Quarter Ending March 31, 2025
CSWC Reports Pre-Tax Net Investment Income of $0.64 Per Share for Quarter Ended December 31, 2024 DALLAS, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Capital Southwest
About this update from Capital Southwest Corporation
[{"type":"text","content":"CSWC Reports Pre-Tax Net Investment Income of $0.64 Per Share for Quarter Ended December 31, 2024\nDALLAS, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the third fiscal quarter ended December 31, 2024. Third Quarter Fiscal Year 2025 Financial Highlights Total Investment Portfolio: $1.7 billion Credit Portfolio of $1.5 billion: 98% 1st Lien Senior Secured Debt$313.4 million in new committed credit investments during the quarterWeighted Average Yield on Debt Investments: 12.1%Current non-accruals with a fair value of $45.8 million, representing 2.7% of the total investment portfolio Equity Portfolio of $158.8 million $4.1 million in new equity co-investments during the quarter Pre-Tax Net Investment Income: $30.7 million, or $0.64 per weighted average share outstandingEstimated Undistributed Taxable Income (\"UTI\"): $0.68 per share as of December 31, 2024LTM Operating Leverage: 1.6% for the quarter ended December 31, 2024Dividends: Paid $0.58 per share Regular Dividend and $0.05 per share Supplemental Dividend 115% LTM Pre-Tax NII Regular Dividend CoverageTotal Dividends for the quarter ended December 31, 2024 of $0.63 per share Net Realized and Unrealized Depreciation: $13.7 million, or 0.8% of total investments at fair value $12.3 million of net appreciation related to the equity portfolio$26.0 million of net depreciation related to the credit portfolio Balance Sheet: Cash and Cash Equivalents: $36.0 millionTotal Net Assets: $830.4 millionNet Asset Value (“NAV”) per Share: $16.59 In commenting on the Company’s results, Bowen Diehl, President and Chief Executive Officer, stated, “The December quarter was an active quarter for Capital Southwest, with approximately $318 million of new committed originations. Our portfolio continued to generate significant income for our shareholders, producing $0.64 of pre-tax net investment income per share for the quarter, which outearned both our $0.58 per share regular dividend and our $0.05 per share supplemental dividend paid for the quarter. In consideration of the continued performance of our portfolio,...