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Investcorp Credit Management BDC, Inc. reports developments as an externally managed, closed-end, non-diversified business development company focused on debt and related equity investments in privately held middle-market companies. Its investment activities are managed by CM Investment Partners LLC, which is controlled by Investcorp Credit Management US LLC.
Recurring news includes quarterly financial results, portfolio investments and realizations, distributions, credit quality commentary, liquidity and capital-allocation updates, and financing actions. Company announcements also cover board and governance matters, including reviews of business configuration and strategic alternatives, while earnings releases describe net investment income, portfolio rotation and regulated investment company distribution considerations.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) will announce its financial results for Q1 ended September 30, 2020, on November 9, 2020, after market closure. An earnings conference call is slated for November 10, 2020, at 1:00 PM ET, with participation details provided. The Company, regulated as a business development company, aims to maximize returns through investments in middle-market companies with revenues over $50 million and EBITDA over $15 million. Forward-looking statements are included, cautioning that actual performance may differ due to various factors.
Investcorp Credit Management BDC, Inc. (ICMB) has reported its fiscal fourth-quarter results ending June 30, 2020. The company made six new investments totaling $4.9 million with a weighted average yield of 9.01%. However, the net asset value (NAV) per share declined by 4.42% to $7.79. The net investment income was $3.4 million ($0.25 per share), and the company experienced a net decrease in net assets from operations of $2.5 million ($0.18 per share). A quarterly distribution of $0.15 per share is scheduled for October 15, 2020, with an additional supplemental distribution of $0.03 per share.
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) will release its financial results for the quarter and year ended June 30, 2020, on September 14, 2020, after market close. An earnings conference call is scheduled for September 15, 2020, at 1:00 PM ET, accessible via phone for interested parties. The Company focuses on investing in middle-market companies with annual revenues over $50 million and EBITDA of at least $15 million, aiming to maximize returns for stockholders through current income and capital appreciation.