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Jun 30, 2020
Crescent Capital BDC Q2 2020 Earnings Report
Reported net investment income and a net increase in net assets resulting from operations.
Key Takeaways
Crescent Capital BDC reported a net investment income of $13.0 million, or $0.46 per share, and a net increase in net assets resulting from operations of $56.4 million, or $2.00 per share, for the second quarter ended June 30, 2020. The increase in net asset value for the second quarter was primarily driven by unrealized gains from the impact of credit spreads tightening relative to the end of the first quarter.
Net investment income was $13.0 million, or $0.46 per share.
Net increase in net assets resulting from operations was $56.4 million, or $2.00 per share.
Net asset value per share was $18.12 at June 30, 2020, compared to $16.52 at March 31, 2020.
A third quarter 2020 dividend of $0.41 per share was declared.
Forward Guidance
The Company will host a webcast/conference call on Tuesday, August 11, 2020 at 12:00 p.m. (Eastern Time) to discuss its quarter ended June 30, 2020 financial results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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