Business
Crescent Capital BDC, Inc. Reports September 30, 2023 Financial Results; Declares a Fourth Quarter Regular Dividend of $0.41 Per Share and Third Quarter Supplemental Dividend of $0.09 Per Share
LOS ANGELES, Nov. 08, 2023 (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, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $21.7 million, or $0.59 per share, for the quarter ended September 30, 2023. Reported net asset value per share was $19.70 at September 30, 2023. The Company announced that its Board of Directors (the “Board”) has declared a fourth quarter 2023 regular cash dividend of $0.41 per share to stockholders of record as of December 29, 2023, payable on January 16, 2024, and a third quarter 2023 supplemental cash dividend of $0.09 per share to stockholders of record as of November 30, 2023, payable on December 15, 2023. Selected Financial Highlights($ in millions, except per share amounts) As of and for the three months ended September 30, 2023 June 30, 2023 September 30, 2022 Investments, at fair value $1,564.8 $1,581.1 $1,292.9 Total assets $1,624.5 $1,624.6 $1,339.3 Total net assets $730.3 $725.8 $622.6 Net asset value per share $19.70 $19.58 $20.16 Investment income $48.2 $46.7 $29.0 Net investment income $21.7 $20.6 $16.0 Net realized gains (losses), net of taxes $(0.1)$(6.6)$(2.5)Net change in unrealized gains (losses), net of taxes $1.0 $8.6 $(15.8)Net increase (decrease) in net assets resulting from operations $22.6 $22.6 $(2.4) Net investment income per share $0.59 $0.56 $0.52 Net realized gains (losses) per share, net of taxes $(0.00)$(0.18)$(0.08)Net change in unrealized gains (losses) per share, net of taxes $0.02 $0.23 $(0.51)Net increase (decrease) in net assets resulting from operations per share $0.61 $0.61 $(0.08)Regular distributions paid per share $0.41 $0.41 $0.41 Supplemental distributions paid per share $0.08 - - Special distributions paid per share - - $0.05 Non-GAAP Financial Measures1: Adjusted net investment income $21.7 $20.6 $13.0 Adjusted net investment income per share $0.59 $0.56 $0.42 Weighted average yield on income producing securities (at cost)2 11.9% 11.7% 9.5%Percentage of debt investments at floating rates 98.6% 98.6% 98.7% Portfolio & Investment Activity As of September 30, 2023 and June 30, 2023, the Company had investments in 185 and 187 portfolio companies with an aggregate fair value of $1,564.8 and $1,581.1 million, respectively. The portfolio at fair value was comprised of the following asset types: Portfolio Asset Types: As of $ in mil...