Welcome to our dedicated page for Investcorp Credit Management BDC news (Ticker: ICMB), a resource for investors and traders seeking the latest updates and insights on Investcorp Credit Management BDC stock.
Investcorp Credit Management BDC, Inc. (ICMB) is a specialized financial services company based in New York City, specifically located at 601 Lexington Avenue. It operates as an externally managed, non-diversified, closed-end management investment firm and has chosen to be regulated as a Business Development Company (BDC). The primary goal of ICMB is to maximize total returns to its stockholders through a combination of current income and capital appreciation. This is achieved by strategically investing in the debt and related equity of privately held, lower middle-market companies.
Core Business: The company's core business revolves around investing in the debt of middle-market companies. These are defined as enterprises with a specific range of enterprise values. By focusing on this niche, ICMB aims to provide significant value to its investors. The firm employs meticulous due diligence and sophisticated investment strategies to enhance its portfolio performance.
Recent Achievements & Current Projects: ICMB has made substantial strides in identifying and investing in promising middle-market companies. Its recent projects include significant investments in various sectors, ensuring a diversified portfolio that mitigates risk and maximizes returns. These efforts have been well-recognized in the financial community, contributing to the company's solid reputation.
Financial Condition: The company maintains a robust financial standing, with well-managed assets and a focused investment approach. This prudent management has resulted in steady income generation and capital appreciation, aligning well with the company’s objectives.
Partnerships & Products: Investcorp Credit Management BDC Inc. collaborates with a range of financial institutions and industry experts to identify lucrative investment opportunities. Their product offerings predominantly include debt instruments and related financial products that cater to the financing needs of middle-market enterprises.
ICMB's strategic approach and consistent performance make it a noteworthy player in the financial services sector. Investors and stakeholders can stay updated with the latest developments and performance metrics through our regularly updated news section.
Investcorp Credit Management BDC (ICMB) reported its financial results for Q3 FY2022, ended March 31, 2022. The company declared a quarterly distribution of $0.15 per share, reflecting an 11.56% annualized yield based on a $5.19 share price. ICMB made $23.8 million in investments while realizing $46.7 million from seven exits, achieving an internal rate of return of 9.56%. However, net asset value decreased by $0.16 to $6.93, and net assets fell by 2.17% to $99.8 million. The weighted average yield on debt investments was 8.14%, slightly down from the previous quarter.
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) announced it will release its financial results for the quarter ending March 31, 2022, on May 9, 2022, after market close. An earnings conference call is scheduled for May 10, 2022, at 1:00 PM ET, where participants can engage via phone. The company focuses on maximizing returns through debt and equity investments in middle-market companies with revenues of at least $50 million. It is externally managed and regulated as a business development company.
On February 7, 2022, Investcorp Credit Management BDC (NASDAQ: ICMB) reported its fiscal Q2 results for the period ending December 31, 2021. The company declared a cash distribution of $0.15 per share for Q1 2022, reflecting a 12.12% yield. During the quarter, ICMB invested $66.5 million in 14 portfolio companies, achieving a weighted average yield of 7.83%. The net asset value increased to $7.09 per share with net assets rising by 1.29%. Net investment income totaled $2.1 million, or $0.15 per share.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) will release its financial results for the quarter ending December 31, 2021, on February 7, 2022. An earnings conference call is scheduled for February 8, 2022, at 1:00 PM ET. The Company focuses on maximizing shareholder returns through investments in middle-market companies with at least $50 million in revenue and $15 million in earnings before interest, taxes, depreciation, and amortization. Forward-looking statements in the release highlight potential risks, including those stemming from the COVID-19 pandemic and market volatility.
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) announced financial results for Q1 fiscal 2022, ending September 30, 2021. The company declared a quarterly distribution of $0.15 per share, yielding 11.01% based on a $5.45 share price. Total investments amounted to $18.1 million, with a weighted average yield of 8.52%. Net asset value increased to $7.00 per share, up from $6.92. Net investment income reached $2.5 million, or $0.18 per share. Total assets were reported at $274.7 million, with net assets increasing by 4.48% to $100.7 million.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced it will release its financial results for the quarter ending September 30, 2021, on November 8, 2021, after market close. An earnings conference call is scheduled for November 9, 2021, at 1:00 PM ET. The company aims to maximize total returns for shareholders through investments in privately held middle-market firms with annual revenues over $50 million. Forward-looking statements in the PR caution that actual results may differ due to various risks, including market volatility and the impact of COVID-19.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced its financial results for the quarter and year ended June 30, 2021, will be released on September 13, 2021, after market close. An earnings conference call is scheduled for September 14, 2021, at 1:00 pm ET. The company focuses on maximizing returns for stockholders through debt and equity investments in middle-market companies with annual revenues over $50 million.
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) reported preliminary financial results for Q4 ending June 30, 2021. The Board declared a distribution of $0.15 per share, yielding 9.60% based on a $6.25 share price. The company made investments totaling $43.4 million with a weighted average yield of 10.32% but experienced a net asset value decrease to $6.92 per share. Cash resources include $12.6 million, and a new $115 million revolving credit facility was secured. The impact of COVID-19 continues to affect portfolio performance, which management expects to recover over the next 6-18 months.
Investcorp Credit Management BDC reported Q3 FY2021 results, showing a net asset value of $7.93 per share, up from $7.84. The firm declared a quarterly distribution of $0.15 per share, yielding 10.26% based on a share price of $5.85. New investments totaled $14.8 million with a weighted yield of 8.51%. Additionally, the firm realized $17.9 million from four investments. Net investment income reached $1.8 million, with earnings per share of $0.27. The company closed a $65 million public offering of notes, enhancing its financial capacity amid COVID-19 challenges.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) has announced its upcoming earnings release for the quarter ending March 31, 2021, scheduled for May 10, 2021. A conference call will follow on May 11, 2021, at 1:00 PM ET for investors. The company focuses on maximizing returns through investments in middle-market companies with revenues over $50 million. ICMB's investment strategy targets debt and related equity investments, emphasizing strong financial metrics for potential investments.
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