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Crescent Capital BDC, Inc. reports business development company developments tied to its portfolio of debt and related equity investments in private U.S. middle-market companies. News releases commonly cover net investment income, net asset value, dividend declarations, portfolio originations, follow-on fundings, exits, sales and repayments.
Company updates also include earnings-call scheduling, senior unsecured note activity, credit ratings, share repurchase authorizations and other capital actions. As an externally managed, closed-end, non-diversified management investment company, Crescent BDC’s news flow centers on income generation, portfolio fair value, leverage and capital distribution policy.
Crescent Capital BDC, Inc. (NASDAQ: CCAP) announced it will release its third quarter financial results on November 4, 2020, after market close. A conference call will be held on November 5, 2020, at 12:00 p.m. Eastern Time to discuss these results. Interested participants can join the webcast on Crescent BDC's website or by calling the provided conference numbers. Crescent BDC focuses on maximizing shareholder returns through capital solutions for middle-market companies, leveraging the expertise of Crescent Capital Group, which manages around $28 billion in assets.
Crescent Capital BDC, Inc. (CCAP) reported a net investment income of $13.0 million ($0.46 per share) and a net increase in net assets of $56.4 million ($2.00 per share) for Q2 2020. The net asset value (NAV) per share rose to $18.12 compared to $16.52 in Q1 2020. This increase was largely due to unrealized gains from tightening credit spreads. The company declared a third-quarter dividend of $0.41 per share, payable on or around October 15, 2020. Total investments reached $895.2 million, a rise from $883.2 million in Q1, driven by new portfolio company investments and reduced expenses.
Crescent Capital BDC (NASDAQ: CCAP) will announce its second quarter financial results for the period ended June 30, 2020, on August 10, 2020, after market close. A conference call to discuss these results will be held on August 11, 2020, at 12:00 p.m. ET, accessible via phone or through the Investor Relations section of Crescent BDC's website. Crescent BDC aims to maximize stockholder returns through capital solutions for middle-market companies, leveraging the expertise of Crescent Capital Group, which manages approximately $27 billion in assets.
Crescent Capital BDC reported Q1 2020 results, posting net investment income of $0.44 per share and a $2.84 decrease in net assets per share, ending March 31 at $16.52 net asset value. The company declared a $0.41 dividend for Q2 2020, payable on July 15. Following shareholder approval, the asset coverage ratio was reduced to 150%. Crescent BDC completed its acquisition of Alcentra Capital, boosting investments to $883.2 million. Total expenses rose to $7.3 million, mainly due to increased financing costs.