Business
Crescent Capital BDC, Inc. Reports Third Quarter 2022 Financial Results; Declares a Fourth Quarter 2022 Regular Dividend of $0.41 per Share
LOS ANGELES, Nov. 09, 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, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $16.0 million, or $0.52 per share, and adjusted net investment income of $13.0 million, or $0.42 per share,1 for the quarter ended September 30, 2022. Reported net asset value per share was $20.16 at September 30, 2022. The Company announced that its Board of Directors declared a regular cash dividend for the fourth quarter 2022 of $0.41 per share, which will be paid on January 17, 2023 to stockholders of record as of the close of business on December 30, 2022. Selected Financial Highlights ($ in millions, except per share amounts) As of and for the three months ended September 30, 2022 June 30, 2022 September 30, 2021 Investments, at fair value$1,292.9 $1,285.3 $1,138.6 Total assets$1,339.3 $1,323.0 $1,183.2 Total net assets$622.6 $639.2 $596.2 Net asset value per share$20.16 $20.69 $21.16 Investment income$29.0 $26.7 $25.5 Net investment income$16.0 $15.5 $12.7 Net realized gains (losses), net of taxes$(2.5) $(1.8) $27.9 Net change in unrealized gains (losses), net of taxes$(15.8) $(14.6) $(23.9)Net increase (decrease) in net assets resulting from operations$(2.4) $(0.9) $16.7 Net investment income per share$0.52 $0.50 $0.45 Net realized gains (losses) per share, net of taxes$(0.08) $(0.06) $0.99 Net change in unrealized gains (losses) per share, net of taxes$(0.51) $(0.47) $(0.85)Net increase (decrease) in net assets resulting from operations per share$(0.08) $(0.03) $0.59 Regular distributions paid per share$0.41 $0.41 $0.41 Special distributions paid per share$0.05 $0.05 — Non-GAAP Financial Measures1: Adjusted net investment income$13.0 $12.7 $13.5 Adjusted net investment income per share$0.42 $0.41 $0.48 Weighted average yield on income producing securities (at cost)2 9.5% 8.3% 7.6%Percentage of debt investments at floating rates 98.7% 98.7% 99.7% Portfolio & Investment Activity As of September 30, 2022 and December 31, 2021, the Company had investments in 136 and 134 portfolio companies with an aggregate fair value of $1,292.9 and $1,270.4 million, respectively. The portfolio at fair value was comprised of the following asset types: Portfolio Asset Types: As of $ in millions September 30, 2022 December 31, 2021 Investment Type Fair Value Percentage Fair Value Perce...