Investcorp Cr Mgmt Bdc Inc Stock Price, News & Analysis

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.

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) announced a public offering of $65 million in principal amount of its 4.875% notes due 2026. The offering, expected to close on March 31, 2021, will yield approximately $63.1 million after underwriting expenses. Proceeds will be used to redeem all outstanding 6.125% Notes due 2023 and to fund investments in middle-market companies. The 2023 Notes have an outstanding amount of $51.4 million and are set to mature on July 1, 2023.

Investcorp Credit Management BDC (NASDAQ: ICMB) reported its fiscal Q2 2021 results, highlighting a net investment income of $3.0 million, or $0.22 per share. The net asset value per share increased to $7.84. Distributions for the quarter ending March 31, 2021, were declared at $0.15 per share, with an additional $0.03 supplemental distribution. The company made investments totaling $17.6 million at a weighted average yield of 11.75%, while receiving $23 million in repayments. However, net investment income was lower compared to previous periods due to COVID-19 impacts.

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) will release its financial results for the quarter ended December 31, 2020, on February 9, 2021, after market close. An earnings conference call is scheduled for February 10 at 1:00 PM ET, where participants can discuss the results. The company focuses on maximizing total return for shareholders by investing in middle-market companies with revenues of at least $50 million and EBITDA of $15 million. For further details, interested parties can visit their website.

Investcorp Credit Management BDC (NASDAQ: ICMB) reported its fiscal Q1 results for the period ending September 30, 2020. The company made four investments totaling $13.3 million with a weighted average yield of 14.60%. Net asset value increased to $7.81 per share, reflecting a 0.26% rise. Net investment income reached $2.7 million, translating to $0.20 per share. Notably, the company declared a distribution of $0.15 per share, plus an additional $0.03, scheduled for January 2021, offering a 21.82% yield based on the $3.30 share price as of November 6, 2020.