Business
Crescent Capital BDC, Inc. Reports Third Quarter 2021 Financial Results; Declares a Fourth Quarter 2021 Regular Dividend of $0.41 per Share and a Special Dividend of $0.05 per Share
LOS ANGELES, Nov. 10, 2021 (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. 10, 2021 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $12.7 million, or $0.45 per share, and Adjusted Net Investment Income of $13.5 million, or $0.48 per share,1 for the quarter ended September 30, 2021. Reported net asset value per share was $21.16 at September 30, 2021 as compared to $20.98 at June 30, 2021. The Company announced that its Board of Directors declared the following cash dividends on November 5, 2021: Cash Dividend Type Record Date Payment Date Amount Per ShareRegular December 31, 2021 January 17, 2022 $0.41Special December 3, 2021 December 15, 2021 $0.05Special March 4, 2022 March 15, 2022 $0.05Special June 3, 2022 June 15, 2022 $0.05Special September 2, 2022 September 15, 2022 $0.05 Selected Financial Highlights($ in millions, except per share amounts) As of and for the Three Months Ended September 30, 2021 June 30, 2021 September 30, 2020Investments, at fair value $1,138.6 $1,095.0 $961.1 Total assets $1,183.2 $1,128.5 $980.5 Total net assets $596.2 $591.0 $537.1 Net asset value per share $21.16 $20.98 $19.07 Investment income $25.5 $23.8 $18.7 Net investment income $12.7 $11.0 $12.2 Net realized gains (losses), net of taxes $27.9 $2.2 $(0.5)Net change in unrealized gains (losses), net of taxes $(23.9) $19.4 $26.6 Net increase (decrease) in net assets resulting from operations $16.7 $32.6 $38.3 Net investment income per share $0.45 $0.39 $0.43 Net realized gains (losses) per share, net of taxes $0.99 $0.08 $(0.02)Net change in unrealized gains (losses) per share, net of taxes $(0.85) $0.69 $0.95 Net increase (decrease) in net assets resulting from operations per share $0.59 $1.16 $1.36 Distributions paid per share $0.41 $0.41 $0.41 Non-GAAP Financial Measures1: Adjusted net investment income $13.5 $14.8 $12.2 Adjusted net investment income per share $0.48 $0.53 $0.43 Weighted average yield on income producing securities (at cost)2 7.6% 7.8% 7.9%Percentage of debt investments at floating rates 99.7% 99.6% 98.0% Portfolio & Investment Activity As of September 30, 2021 and June 30, 2021, the Company had investments in 132 and 130 portfolio companies with an aggregate fair value of $1,138.6 and $1,095.0 million, respectively. The portfolio at fair value was comprised of the following asset types: Portfolio Ass...