Business
TCG BDC, Inc. Announces Third Quarter 2021 Financial Results and Declares Fourth Quarter 2021 Base Dividend of $0.32 Per Common Share and Supplemental Dividend of $0.07 per Common Share
NEW YORK, Nov. 02, 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, Nov. 02, 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 third quarter ended September 30, 2021. Linda Pace, TCG BDC’s Chief Executive Officer said, \"Our third quarter results reflect both the active deal environment and the continued strength in the portfolio. Our credit fundamentals are solid, and this quarter's net asset value is now above pre-pandemic levels, demonstrating strong investment performance through a volatile and challenging credit cycle. We continue to be well positioned to deliver attractive, sustainable income generation and NAV stability for our shareholders.” Selected Financial Highlights (dollar amounts in thousands, except per share data)September 30, 2021 June 30, 2021Total investments, at fair value$1,948,206 $1,872,311 Total assets2,044,170 1,962,166 Total debt1,061,815 1,001,234 Total net assets$944,394 $924,831 Net assets per common share$16.65 $16.14 For the three month periods ended September 30, 2021 June 30, 2021Total investment income $43,762 $42,656 Net investment income (loss) 22,086 21,637 Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities 25,534 21,231 Net increase (decrease) in net assets resulting from operations $47,620 $42,868 Per weighted-average common share—Basic: Net investment income (loss), net of preferred dividend $0.39 $0.38 Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities 0.48 0.39 Net increase (decrease) in net assets resulting from operations attributable to common stockholders $0.87 $0.77 Weighted-average shares of common stock outstanding—Basic 53,955,338 54,537,840 Base dividends declared per common share $0.32 $0.32 Supplemental dividends declared per common share $0.06 $0.04 Third 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 September 30, 2021 was $21,211, or $0.39 per common share, as compared to $20,762, or $0.38 per common share, for the three month period ended June 30, 2021.Net realized gain (loss) and net change in unreali...