Capital Southwest Corporation filings document the disclosure record of an internally managed business development company focused on middle market lending. Recent Form 8-K reports cover results of operations and financial condition, including preliminary estimates of net investment income and net asset value, quarterly financial releases, investor presentation materials and Regulation FD disclosures.
The filings also record board-declared monthly and supplemental dividends, annual tax treatment of distributions, and other material-event exhibits tied to the company’s BDC structure, portfolio financing activities, capital returns and public-company reporting obligations.
Capital Southwest Corporation expanded its at-the-market stock offering program, increasing the maximum aggregate amount of common shares that may be sold from $1.0 billion to $2.0 billion. These shares may be issued from time to time through Jefferies, Raymond James, Citizens Capital Markets, and B. Riley as sales agents or principals.
After giving effect to the new amendments, approximately $1.1 billion in aggregate amount of common stock remains available for sale under the program. The shares, if issued, will be offered under an existing shelf registration statement on Form N-2 and related prospectus materials.
Capital Southwest Corporation is an internally managed business development company that focuses on providing first lien debt and selective equity to lower middle market companies across diverse U.S. industries. The company does not pay an external management fee and instead bears its own operating costs.
As a BDC, it generally must keep at least 70% of assets in qualifying private or thinly traded U.S. investments and, since April 2019, may borrow so long as asset coverage under the 1940 Act is at least 150%. Its board has further limited leverage so asset coverage will not fall below 166%. Capital Southwest has elected regulated investment company tax status, aiming to distribute at least 90% of investment company taxable income to avoid most federal income tax. As of September 30, 2025, voting stock held by non‑affiliates had an aggregate market value of $1,208,032,692, and 62,140,726 common shares were outstanding as of May 15, 2026.
Capital Southwest Corporation reported fourth quarter and full-year fiscal 2026 results showing continued portfolio growth and solid income. The investment portfolio reached $2.1 billion at fair value, up 17% year-over-year, driven by $762.3 million in new commitments and strong origination activity.
For the year ended March 31, 2026, total investment income was $232.1 million, a 13.5% increase, and pre-tax net investment income reached $136.6 million. Net investment income was $135.5 million, while net realized and unrealized losses on investments narrowed to $20.3 million from $47.2 million in the prior year.
In the March quarter, pre-tax net investment income was $35.2 million, or $0.59 per share, comfortably covering total quarterly dividends of $0.64 per share (regular $0.58 and supplemental $0.06). Net asset value was $16.69 per share, essentially flat versus $16.70 a year earlier, and credit quality remained strong with non-accruals at only 1.1% of the portfolio at fair value.
Capital Southwest Corporation is soliciting proxies for its 2026 Annual Meeting of Shareholders to be held July 22, 2026 in a virtual-only format. The meeting asks shareholders to elect six directors, approve an advisory vote on executive compensation and its frequency, ratify RSM US LLP as auditor, and approve a Charter Amendment to increase authorized common shares. The Board recommends voting FOR Proposals 1, 2, 4, 5 and 6 and "ONE YEAR" for Proposal 3. The proxy materials and the Annual Report on Form 10-K for the year ended March 31, 2026 will be made available to shareholders via the Notice of Internet Availability.
Capital Southwest Corporation released preliminary fourth quarter 2026 results for the quarter ended March 31, 2026. The company estimates pre-tax net investment income of $0.59 to $0.60 per share and net investment income of $0.57 to $0.58 per share. Estimated net asset value per share as of March 31, 2026 is $16.67 to $16.72.
Final results will be released on May 13, 2026 after the market closes, followed by a webcast and conference call on May 14, 2026 at 11:00 a.m. Eastern Time to discuss the quarter.
Capital Southwest Corp director and President/CEO Michael Scott Sarner reported an open-market purchase of company common stock. On February 27, he bought 2,694.635 shares at a price of $21.90 per share. Following this transaction, his directly held ownership increased to 473,154.339 common shares.
Capital Southwest Corporation announced shareholder dividends tied to the quarter ending June 30, 2026. The Board declared monthly regular dividends of $0.1934 per share for each of April, May, and June 2026, plus a quarterly supplemental dividend of $0.06 per share payable on June 30, 2026.
In total, dividends per share associated with the quarter ending June 30, 2026 are stated as $0.64, including $0.58 in regular monthly dividends and $0.06 in supplemental dividends. Capital Southwest notes it had approximately $2.0 billion in investments at fair value as of December 31, 2025.
The company also highlights its dividend reinvestment plan, allowing registered stockholders who opt in by the record date to reinvest cash dividends into additional shares of common stock.
Capital Southwest Corp. director Christine S. Battist purchased 600 shares of common stock on February 9, 2026 at an average price of $23.1587 per share. Following this open-market purchase, she directly owns 13,215 Capital Southwest shares and indirectly holds 7,281 shares through a trust agreement dated August 13, 2007.
Capital Southwest Corporation provides an update to its at-the-market offering program for up to $1,000,000,000 of common stock. From March 4, 2019 through December 31, 2025, it sold 39,333,069 shares for gross proceeds of about $844.6 million and net proceeds of about $829.6 million. As of this supplement, approximately $139.1 million of common stock remains available for sale under the program.
The company estimates a 1.50% sales load and 0.25% offering expenses, for total shareholder transaction costs of 1.75% of the offering price. Estimated annual expenses equal 9.49% of net assets, including 3.52% operating expenses, 6.92% interest on borrowings and a (0.95)% income tax benefit. The supplement also shows that CSWC’s shares have generally traded at premiums to net asset value and notes the shares’ listing on the Nasdaq Global Select Market under the symbol “CSWC.”
Capital Southwest Corporation reported higher profitability for the quarter ended December 31, 2025. Total investment income rose to $61.4 million from $52.0 million a year earlier, driven by interest and fee income across non‑affiliate, affiliate, and control investments.
Net investment income increased to $37.0 million from $30.3 million, while the net increase in net assets from operations more than doubled to $32.9 million from $16.3 million. For the nine‑month period, net investment income reached $100.9 million and the net increase in net assets from operations was $85.5 million, both above the prior year.
The investment portfolio at fair value expanded to $2.01 billion from $1.79 billion at March 31, 2025. Net assets grew to $995.6 million, with net asset value per share essentially steady at $16.75 versus $16.70. Shares outstanding were 60,162,020 as of January 29, 2026.