Welcome to our dedicated page for Capital Southwest news (Ticker: CSWC), a resource for investors and traders seeking the latest updates and insights on Capital Southwest stock.
Capital Southwest Corporation reports news as an internally managed business development company that provides flexible financing to support the acquisition and growth of middle market businesses. Coverage commonly centers on net investment income, net asset value, portfolio originations and exits, credit facility capacity, and the mix of first lien, second lien and non-control equity co-investments in its investment portfolio.
Company updates also include monthly regular dividends, supplemental dividends, federal income tax treatment of distributions, earnings-call schedules and private-credit initiatives such as first-out senior secured debt joint ventures serving the lower middle market.
Capital Southwest Corporation (CSWC) reported its financial results for the fiscal year ended March 31, 2020. The total investment portfolio grew by 6% to $553.1 million, with a credit portfolio of $474.3 million, primarily 1st lien secured debt. Despite a challenging economic environment due to COVID-19, the company declared a total dividend of $0.51 per share for the upcoming quarter. CSWC achieved a pre-tax net investment income of $30.3 million for the year, up 14% from the previous year. However, net realized and unrealized losses totaled $31.9 million for the quarter, contributing to a decline in NAV per share to $15.13.
Capital Southwest Corporation (CSWC) announced it will release its fourth quarter and fiscal year 2020 results on June 1, 2020, after market close. Following the release, a conference call is scheduled for June 2, 2020, at 11:00 a.m. ET, where investors can participate via phone or an audio webcast. As of December 31, 2019, Capital Southwest had approximately $312 million in net assets, focusing on investments between $5 million and $25 million in middle market companies.