Carlyle Secured Lending, Inc. Announces Financial Results For Third Quarter Ended September 30, 2026, Declares Fourth Quarter 2026 Dividend of $0.35 Per Common Share

Carlyle Secured Lending (NASDAQ: CGBD) reported net investment income of $0.36 per common share for the third quarter ended September 30, 2026.

Rhea-AI Summary

Carlyle Secured Lending (NASDAQ: CGBD) reported net investment income of $0.36 per common share for the third quarter ended September 30, 2026. Adjusted net investment income, a non-GAAP measure, was also $0.36 per common share. Net asset value per common share increased 0.3% during the quarter to $15.65, from $15.61 on June 30, 2026. Investments had a total fair value of $2.3 billion at quarter-end.

The board declared a quarterly common dividend of $0.35 per share on October 28, payable January 19, 2027, to holders of record December 31, 2026. The company said it remained selective in deploying new capital amid an uncertain market backdrop and planned to continue scaling its joint ventures. Adjusted earnings exclude certain acquisition-accounting effects and one-time or non-recurring income and expense items.

Positive

• Minor pointNet investment income of $0.36 per common share in the third quarter matched adjusted net investment income.
• Minor pointNet asset value per share rose 0.3% to $15.65 from $15.61 at June 30, 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Joint venture expansion remains a company-stated focus heading into year-end.

Negative

• None.

Key Figures

Net investment income and adjusted net investment income: $0.36 per common share Net asset value per share: 0.3% increase to $15.65 from $15.61 Investment fair value: $2.3 billion +1 more

Net investment income and adjusted net investment income

$0.36 per common share

Third quarter 2026

Net asset value per share

0.3% increase to $15.65 from $15.61

Third quarter 2026; comparison with June 30, 2026

Investment fair value

$2.3 billion

As of September 30, 2026

Common dividend

$0.35 per share

Fourth quarter 2026; payable January 19, 2027 to stockholders of record December 31, 2026

Previous Dividends,earnings Reports

1 past event · Latest: Aug 06

Same Type 1 event

1. Aug 06

   Q2 2026 results

   24h Move

   +3.4%

   Reported $0.35 per-share NII, a 1.8% NAV decline, and a $0.35 dividend.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, gaap, business development company, asset acquisition method

4 terms

non-gaap financial

"Adjusted Net Investment Income Per Common Share, which is calculated and presented"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

gaap financial

"on a basis other than in accordance with GAAP"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

business development company regulatory

"regulated as a business development company under the Investment Company Act"

A business development company is a publicly traded investment vehicle that lends to and buys stakes in smaller or privately held companies, acting like a combination of a lender, investor, and business partner. It matters to investors because BDCs offer the potential for higher regular income through dividends and diversified exposure to growing businesses, but they can also carry greater credit and liquidity risk than typical stocks or bonds—think higher-yielding but riskier income instruments.

asset acquisition method technical

"GAAP amortization under the asset acquisition method of accounting"

A procedure or legal structure used to buy specific assets of a business rather than buying the company’s equity. It describes whether the buyer acquires individual items such as cash, inventory, equipment, contracts, intellectual property, or real estate, and it determines which liabilities and legal obligations transfer to the buyer, how purchase price is allocated among acquired items for accounting and tax purposes, and the accounting entries that record the transaction (for example recognizing assets at purchase fair value and recording any resulting goodwill). The term is distinct from an equity or stock purchase, where ownership of the entire legal entity changes hands and most liabilities remain with the seller.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CGBD” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its third quarter ended September 30, 2026.

Alex Chi, CGBD’s Chief Executive Officer, said, “We continued to execute CGBD’s strategy in the third quarter, resulting in increased earnings and a stable NAV. Given the uncertain market backdrop, we were selective in deploying new capital and continue to leverage the OneCarlyle platform to capture differentiated opportunities across the private credit market. Looking ahead to the end of the year, we remain focused on delivering disciplined credit performance and continuing to scale our joint ventures.”

For the third quarter of 2026, we reported $0.36 per common share of Net Investment Income and Adjusted Net Investment Income, a non-GAAP financial measure described below.

Net asset value per common share increased by 0.3% for the third quarter to $15.65 from $15.61 as of June 30, 2026. The total fair value of our investments was $2.3 billion as of September 30, 2026.

Dividends

On October 28, 2026, the Board of Directors declared a quarterly common dividend of $0.35 per share. The dividend is payable on January 19, 2027 to common stockholders of record on December 31, 2026.

Conference Call

The Company will host a conference call at 11:00 a.m. (Eastern Time) on Friday, November 6, 2026 to discuss these financial results. The conference call will be available via public webcast via a link on our website and will also be available on our website soon after the call’s completion.

Non-GAAP Financial Measures

On a supplemental basis, we are disclosing Adjusted Net Investment Income Per Common Share, which is calculated and presented on a basis other than in accordance with GAAP (“non-GAAP”). We use this non-GAAP financial measure internally to analyze and evaluate financial results and performance, and we believe this non-GAAP financial measure is useful to investors as an additional tool to evaluate our ongoing results and trends and to review our performance without giving effect to (i) the amortization/accretion resulting from the new cost basis of the investments acquired and accounted for under the acquisition method of accounting in accordance with ASC 805 and (ii) the one-time purchase or non-recurring investment income and expense events, including the effects on incentive fees. In addition, the Company’s management uses the non-GAAP financial measure described above internally to analyze and evaluate financial results and performance and to compare the Company’s financial results with those of other business development companies that have not had similar one-time or non-recurring events. The presentation of this non-GAAP measure is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

Starting in the first quarter of 2025, the adjustment to net investment income per common share to determine Adjusted Net Investment Income Per Common Share represents the difference between GAAP amortization under the asset acquisition method of accounting in accordance with ASC 805 and management’s non-GAAP measure of amortization related to assets acquired in connection with the CSL III merger on March 27, 2025, and the remaining interest in Middle Market Credit Fund II on February 11, 2025. This adjustment reflects management’s view of the economic yield on the acquired assets and is consistent with our internal evaluation of performance.

Carlyle Secured Lending, Inc.

CGBD is an externally managed specialty finance company focused on lending to middle-market companies. CGBD is managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group Inc. Since it commenced investment operations in May 2013 through September 30, 2026, CGBD has invested approximately $11.2 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. CGBD’s investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle market companies. CGBD has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.

Web: carlylesecuredlending.com

About Carlyle

Carlyle (“Carlyle,” or the “Adviser”) (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $479 billion of assets under management as of September 30, 2026, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,600 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Contacts:

Investors:	Media:
Nishil Mehta	Max Berger
+1-212-813-4918	+1-212-813-4958
publicinvestor@carlylesecuredlending.com	Max.Berger@carlyle.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Carlyle Secured Lending's third-quarter 2026 earnings and net asset value?

Carlyle Secured Lending reported $0.36 per common share in both net investment income and adjusted net investment income for the quarter ended September 30, 2026. Net asset value per common share increased 0.3% to $15.65, compared with $15.61 on June 30, 2026.

When will CGBD pay its fourth-quarter 2026 dividend, and how much is it?

CGBD's quarterly common dividend is $0.35 per share, payable January 19, 2027, to common stockholders of record on December 31, 2026. The board declared the dividend on October 28, 2026.