Business
Capital Southwest Announces Preliminary Estimate of Fourth Quarter 2023 Operating Results
DALLAS, April 13, 2023 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development
About this update from Capital Southwest Corporation
[{"type":"text","content":"DALLAS, April 13, 2023 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, is pleased to announce its preliminary operating results for the fourth quarter of its 2023 fiscal year (quarter ended March 31, 2023). Capital Southwest’s preliminary estimate of its fourth quarter 2023 pre-tax net investment income is in the range of $0.64 to $0.65 per share. The preliminary estimate of its net investment income for the same period is in the range of $0.63 to $0.64 per share. Capital Southwest’s preliminary estimate of its net asset value per share as of March 31, 2023 is in the range of $16.30 to $16.40. Finally, Capital Southwest’s preliminary estimate of its regulatory leverage as of March 31, 2023 is in the range of 0.86x to 0.90x debt to equity. About Capital Southwest Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $1.2 billion in investments at fair value as of December 31, 2022. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $35 million investments across the capital structure, including first lien, second lien, and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time. Forward-Looking Statements This press release contains forward-looking statements and provides historical information with respect to the business and investments of Capital Southwest, including, but not limited to, the preliminary estimates of its fourth quarter 2023 fiscal year financial information and results, which are based on current information available to Capital Southwest as of the date hereof. The preliminary estimates of fourth quarter and full fiscal year 2023 financial information and estimated results furnished above are based on Capital Southwest management’s preliminary determinations and current expectations, and such information is inherently uncertain. The pre...