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Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended March 31, 2026
Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended March 31, 2026
About this update from Investcorp Credit Management Bdc, Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nInvestcorp Credit Management BDC, Inc. (NASDAQ: ICMB) (“ICMB” or the “Company”) announced its financial results today for its fiscal quarter ended March 31, 2025.\n\nHIGHLIGHTS\n\n\nOn March 20, 2025, the Company’s Board of Directors (the “Board”) declared a distribution of $0.12 per share for the quarter ending March 31, 2025, payable in cash on May 16, 2025, to stockholders of record as of April 25, 2025.\n\n\nDuring the quarter, ICMB made investments in one new portfolio company and two existing portfolio companies. These investments totaled $5.1(4) million, at cost. The weighted average yield (at origination) of debt investments made in the quarter was 10.22%.\n\n\nICMB fully realized its investments in three portfolio companies during the quarter, totaling $5.7 million in proceeds. The internal rate of return on these investments was 9.55%.\n\n\nDuring the quarter, the Company had net advances of $503k on new and existing delayed draw and revolving credit commitments to portfolio companies.\n\n\nThe weighted average yield on debt investments, at cost, for the quarter ended March 31, 2025, was 10.78%, compared to 10.36% for the quarter ended December 31, 2024.\n\n\nNet asset value increased $0.03 per share to $5.42, compared to $5.39 as of December 31, 2024. Net assets increased by $0.5 million, or 0.64%, during the quarter ended March 31, 2025 compared to December 31, 2024.\n\n\n\n\nPortfolio results, as of and for the three months ended March 31, 2025:\n\n\n\n\n\n\n\nTotal assets\n\n\n\n\n$207.6mm\n\n\n\n\n\nInvestment portfolio, at fair value\n\n\n\n\n$192.4mm\n\n\n\n\n\nNet assets\n\n\n\n\n$78.1mm\n\n\n\n\n\nWeighted average yield on debt investments, at cost (1)\n\n\n\n\n10.78%\n\n\n\n\n\nNet asset value per share\n\n\n\n\n$5.42\n\n\n\n\n\nPortfolio activity in the current quarter:\n\n\n\n\n \n\n\n\n\n\nNumber of investments in new portfolio companies during the period\n\n\n\n\n1\n\n\n\n\n\nNumber of portfolio companies invested in, end of period\n\n\n\n\n43\n\n\n\n\n\nTotal capital invested in existing portfolio companies (2) (4)\n\n\n\n\n$2.8mm\n\n\n\n\n\nTotal proceeds from repayments, sales, and amortization (3)\n\n\n\n\n$7.3mm\n\n\n\n\n\nNet investment income before taxes (NII)\n\n\n\n\n$0.7mm\n\n\n\n\n\nNet investment income before taxes per share\n\n\n\n\n$0.05\n\n\n\n\n\nNet increas...