Business
Fidus Investment Corporation Announces Fourth Quarter And Full Year 2021 Financial Results
Base Dividend of $0.36 Per Share Declared for First Quarter 2022 Board of Directors Declared Supplemental Dividend of $0.17 Per Share EVANSTON, Ill., March
About this update from Fidus Investment Corporation
[{"type":"text","content":"Base Dividend of $0.36 Per Share Declared for First Quarter 2022 Board of Directors Declared Supplemental Dividend of $0.17 Per Share EVANSTON, Ill., March 03, 2022 (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 fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Financial Highlights Total investment income of $24.1 millionNet investment income of $2.4 million, or $0.10 per shareAdjusted net investment income of $12.0 million, or $0.49 per share(1)Net increase in net assets resulting from operations of $50.2 million, or $2.06 per shareInvested $101.2 million in debt and equity securities, including six new portfolio companiesReceived proceeds from repayments and realizations of $153.7 millionPaid supplemental dividend of $0.04 per share, special dividend of $0.05 per share, and regular quarterly dividend of $0.32 per share on December 17, 2021Net asset value (“NAV”) of $487.8 million, or $19.96 per share, as of December 31, 2021 Full Year 2021 Financial Highlights Total investment income of $90.4 millionNet investment income of $25.1 million, or $1.03 per shareAdjusted net investment income of $43.3 million, or $1.77 per share(1)Net increase in net assets resulting from operations of $116.1 million, or $4.75 per shareInvested $346.7 million in debt and equity securities, including 18 new portfolio companiesReceived proceeds from repayments and realizations of $472.8 millionPaid regular dividends totaling $1.26 per share, supplemental dividends of $0.25 per share, and special dividends of $0.09 per share.Estimated spillover income (or taxable income in excess of distributions) as of December 31, 2021 of $38.1 million, or $1.56 per share Management Commentary “The fourth quarter capped off a year of heightened level of deal activity in the lower middle market, strong operating performance and underlying portfolio value appreciation. Boosted by $42.1 million in net realized gains as we continued to monetize equity investments, NAV grew to $487.8 million, or $19.96 per share. In recognition of our strong portfolio performance throughout the year and high levels of net realized gains, the Boar...