Business
TCG BDC, Inc. Announces Fourth Quarter 2019 Financial Results and Declares First Quarter 2020 Dividend of $0.37 Per Share
NEW YORK , Feb. 25, 2020 (GLOBE NEWSWIRE) -- TCG BDC, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “TCG BDC” or the “Company”)
About this update from Carlyle Secured Lending, Inc.
[{"type":"text","content":"NEW YORK , Feb. 25, 2020 (GLOBE NEWSWIRE) -- TCG BDC, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “TCG BDC” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its fourth quarter ended December 31, 2019.\n Selected Financial Highlights (dollar amounts in thousands, except per share data)December 31, 2019 September 30, 2019Total investments, at fair value$2,123,964 $2,126,688Total assets2,187,533 2,225,990Total debt1,177,832 1,202,739Total net assets$956,471 $978,601Net assets per share$16.56 16.58 For the three month periods ended December 31, 2019 September 30, 2019Total investment income $53,465 $55,779 Net investment income (loss) $25,377 $26,755 Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities $1,459 $(35,744)Net increase (decrease) in net assets resulting from operations $26,836 $(8,989) Basic and diluted per weighted-average common share: Net investment income (loss) $0.43 $0.45 Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities $0.02 $(0.60)Net increase (decrease) in net assets resulting from operations $0.46 $(0.15)Weighted-average shares of common stock outstanding—Basic and Diluted 58,784,971 59,587,941 Dividends declared per common share $0.37 $0.37 Special dividends declared per common share $0.18 $— Fourth Quarter 2019 Highlights(dollar amounts in thousands, except per share data) Net investment income for the three month period ended December 31, 2019 was $25,377, or $0.43 per share, as compared to $26,755, or $0.45 per share, for the three month period ended September 30, 2019;Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments for the three month period ended December 31, 2019 was $1,459, or $0.02 per share, as compared to $(35,744), or $(0.60) per share, for the three month period ended September 30, 2019;Net increase (decrease) in net assets resulting from operations for the three month period ended December 31, 2019 was $26,836, or $0.46 per share, as compared to $(8,989), or $(0.15) per share, for the three month period ended September 30, 2019;On December 30, 2019, the Company issued $115,000 in aggregate principal amount of 4.750% Senior Un...