Business
Fidus Investment Corporation Announces First Quarter 2025 Financial Results
Board of Directors Declared Total Dividends of $0.54 per Share for Second Quarter 2025Base Dividend of $0.43 and Supplemental Dividend of $0.11 Per Share
About this update from Fidus Investment Corporation
[{"type":"text","content":"Board of Directors Declared Total Dividends of $0.54 per Share for Second Quarter 2025Base Dividend of $0.43 and Supplemental Dividend of $0.11 Per Share EVANSTON, Ill., May 08, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Total investment income of $36.5 millionNet investment income of $18.2 million, or $0.53 per shareAdjusted net investment income of $18.5 million, or $0.54 per share(1)Invested $115.6 million in debt and equity securities, including seven new portfolio companiesReceived proceeds from repayments and realizations of $57.3 millionPaid total dividends of $0.54 per share: regular quarterly dividend of $0.43 and a supplemental dividend of $0.11 per share on March 27, 2025Net asset value (“NAV”) of $677.9 million, or $19.39 per share, as of March 31, 2025Estimated spillover income (or taxable income in excess of distributions) as of March 31, 2025 of $47.4 million, or $1.36 per share Management Commentary “We continued to build our portfolio of debt and equity investments in a methodical and disciplined manner during the first quarter by investing in high quality businesses with defensive characteristics and resilient business models that generate high levels of cash flow to service debt and support growth. We also monetized two equity investments for a net realized gain of $11.5 million, or $0.33 per share, which contributed to the increase in NAV,” said Edward Ross, Chairman and CEO of Fidus Investment Corporation. “Our portfolio remains well diversified and healthy overall, and constructed to generate attractive risk-adjusted returns over time for the benefit of our shareholders.” (1) Supplemental information regarding adjusted net investment income: On a supplemental basis, we provide information relating to adjusted net investment income, which is a non-GAAP measure. This measure is provided in addition to, but not as a substitute for, net investment income. Adjusted net investment income represents net investment income excluding any capital gains incentive fee expense or (reversal) attributable to realized and...