Business
TCG BDC, Inc. Announces Third Quarter 2020 Financial Results and Declares Fourth Quarter 2020 Regular Dividend of $0.32 Per Common Share and Special Dividend of $0.04 per Common Share
NEW YORK, Nov. 04, 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, Nov. 04, 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 third quarter ended September 30, 2020.\n Linda Pace, TCG BDC’s Chief Executive Officer said, \"Our portfolio continued to perform well with no new non-accruals during the third quarter and we are delivering on our goal to provide attractive income generation for our shareholders. Our loan book and our balance sheet are both well positioned for us to successfully navigate a highly uncertain macroeconomic landscape in the year ahead.” Selected Financial Highlights (dollar amounts in thousands, except per share data)September 30, 2020 June 30, 2020Total investments, at fair value$1,948,173 $1,907,555 Total assets2,008,387 1,958,634 Total debt1,074,806 1,035,799 Total net assets$895,222 $883,304 Net assets per common share$15.01 $14.80 For the three month periods ended September 30, 2020 June 30, 2020Total investment income $42,784 $45,275 Net investment income (loss) 21,234 21,692 Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities 12,374 34,466 Net increase (decrease) in net assets resulting from operations $33,608 $56,158 Per weighted-average common share—Basic: Net investment income (loss), net of preferred dividend $0.36 $0.38 Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities 0.22 0.61 Net increase (decrease) in net assets resulting from operations attributable to common stockholders $0.58 $0.99 Weighted-average shares of common stock outstanding—Basic 56,308,616 56,308,616 Regular dividends declared per common share $0.32 $0.37 Special dividends declared per common share $0.05 $— Third Quarter 2020 Highlights(dollar amounts in thousands, except per share data) Net investment income for the three month period ended September 30, 2020 was $21,234, or $0.38 per share, ($20,378, or $0.36 per common share, net of the preferred dividend) as compared to $21,692, or $0.39 per share ($21,138, or $0.38 per common share, net of the preferred dividend), for the three month period ended June 30, 2020;Net realized gain (loss) and net change in unrealized appr...