Business
TCG BDC, Inc. Announces Second Quarter 2021 Financial Results and Declares Third Quarter 2021 Base Dividend of $0.32 Per Common Share and Supplemental Dividend of $0.06 per Common Share
NEW YORK, Aug. 03, 2021 (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, Aug. 03, 2021 (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 second quarter ended June 30, 2021. Linda Pace, TCG BDC’s Chief Executive Officer said, \"Our second quarter results again demonstrate the continued strong performance of our portfolio through the COVID cycle. In today's robust transaction environment there are ample attractive investments, while fundamental credit performance in the existing portfolio is strong We are pleased with both our income generation and credit positioning, and confident in our ability to deliver against our objective of sustainable income generation.” Selected Financial Highlights (dollar amounts in thousands, except per share data)June 30, 2021 March 31, 2021Total investments, at fair value$1,872,311 $1,841,634 Total assets1,962,166 1,904,087 Total debt1,001,234 945,475 Total net assets$924,831 $910,520 Net assets per common share$16.14 $15.70 For the three month periods ended June 30, 2021 March 31, 2021Total investment income $42,656 $40,848 Net investment income (loss) 21,637 20,679 Net realized gain (loss) and net change in unrealized appreciation (depreciation)on investments and non-investment assets and liabilities 21,231 15,225 Net increase (decrease) in net assets resulting from operations $42,868 $35,904 Per weighted-average common share—Basic: Net investment income (loss), net of preferred dividend $0.38 $0.36 Net realized gain (loss) and net change in unrealized appreciation (depreciation)on investments and non-investment assets and liabilities 0.39 0.29 Net increase (decrease) in net assets resulting from operations attributable tocommon stockholders $0.77 $0.65 Weighted-average shares of common stock outstanding—Basic 54,537,840 55,039,010 Base dividends declared per common share $0.32 $0.32 Supplemental dividends declared per common share $0.04 $0.05 Second Quarter 2021 Highlights(dollar amounts in thousands, except per share data) Net investment income, net of the preferred dividend, for the three month period ended June 30, 2021 was $20,762, or $0.38 per common share, as compared to $19,804, or $0.36 per common share, for the three month period ended March 31, 2021.Net realized gain (loss) and net change in unrealized appreciati...