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Mar 31, 2023
Crescent Capital BDC Q1 2023 Earnings Report
Reported net investment income and net asset value per share, and declared a regular cash dividend for the second quarter.
Key Takeaways
Crescent Capital BDC reported net investment income of $17.5 million, or $0.54 per share, for the quarter ended March 31, 2023. The net asset value per share was $19.38 at March 31, 2023. A regular cash dividend for the second quarter of 2023 of $0.41 per share was declared.
Net investment income was $17.5 million, or $0.54 per share.
Net asset value per share was $19.38.
Acquired First Eagle Alternative Capital BDC, Inc.
Declared a second quarter 2023 regular dividend of $0.41 per share.
Crescent Capital BDC
Crescent Capital BDC
Crescent Capital BDC Revenue by Segment
Forward Guidance
This press release contains forward-looking statements regarding Crescent BDC's future financial or business performance, strategies, or expectations, which are subject to numerous assumptions, risks, and uncertainties that may change over time.
Positive Outlook
- Potential for future operating results
- Prospects of portfolio companies
- Impact of expected investments
- Contractual arrangements with third parties
- Expected financings and investments
Challenges Ahead
- Dependence on the general economy
- Financial condition of portfolio companies
- Adequacy of cash resources
- Timing of cash flows from portfolio companies
- Impact of increased competition