Business
Crescent Capital BDC, Inc. Reports December 31, 2021 Financial Results; Declares a First Quarter 2022 Regular Dividend of $0.41 per Share
LOS ANGELES, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of
About this update from Crescent Capital Bdc, Inc.
[{"type":"text","content":"LOS ANGELES, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $47.6 million, or $1.67 per share, and Adjusted Net Investment Income of $53.9 million, or $1.89 per share, for the year ended December 31, 2021. For the quarter ended December 31, 2021, net investment income was $12.5 million, or $0.42 per share, and Adjusted Net Investment Income was $12.7 million, or $0.43 per share.1 Reported net asset value per share was $21.12 at December 31, 2021. The Company announced that its Board of Directors declared a regular cash dividend for the first quarter of 2022 of $0.41 per share, which will be paid on April 15, 2022 to stockholders of record as of March 31, 2022. Additionally, the second in a series of four previously declared $0.05 per share special cash dividends will be paid on March 15, 2022 to stockholders of record as of March 4, 2022. Selected Financial Highlights($ in millions, except per share amounts) As of and for the Three Months Ended December 31, 2021 September 30, 2021 December 31, 2020 Investments, at fair value$1,270.4 $1,138.6 $1,034.0 Total assets$1,317.8 $1,183.2 $1,054.2 Total net assets$652.3 $596.2 $560.0 Net asset value per share$21.12 $21.16 $19.88 Investment income$24.1 $25.5 $20.3 Net investment income$12.5 $12.7 $13.2 Net realized gains (losses), net of taxes$(0.4) $27.9 $(13.5) Net change in unrealized gains (losses), net of taxes$0.7 $(23.9) $34.8 Net increase (decrease) in net assets resulting from operations$12.8 $16.7 $34.5 Net investment income per share$0.42 $0.45 $0.47 Net realized gains (losses) per share, net of taxes$(0.01) $0.99 $(0.49) Net change in unrealized gains (losses) per share, net of taxes$0.02 $(0.85) $1.24 Net increase (decrease) in net assets resulting from operations per share$0.44 $0.59 $1.22 Regular distributions paid per share$0.41 $0.41 $0.41 Special distributions paid per share$0.05 — — Non-GAAP Financial Measures1: Adjusted net investment income$12.7 $13.5 $13.2 Adjusted net investment income per share$0.43 $0.48 $0.47 Weighted average yield on income producing securities (at cost)2 7.5% 7.6% 8.0% Percentage of debt investments at floating rates 98.5% 99.7% 98.4% Portfolio & Investment Activity Full YearFor the year ended December 31, 2021, the Company invested $647.4 million...