Crescent Capital BDC Q2 2021 Earnings Report
Key Takeaways
Crescent Capital BDC reported a net investment income of $11.0 million, or $0.39 per share, and an adjusted net investment income of $14.8 million, or $0.53 per share, for the quarter ended June 30, 2021. The net asset value per share was $20.98 as of June 30, 2021. The Board of Directors declared a regular cash dividend for the third quarter 2021 of $0.41 per share.
Net investment income was $11.0 million, or $0.39 per share.
Adjusted net investment income was $14.8 million, or $0.53 per share.
Net asset value per share was $20.98.
A regular cash dividend for the third quarter 2021 of $0.41 per share was declared.
Crescent Capital BDC
Crescent Capital BDC
Crescent Capital BDC Revenue by Segment
Forward Guidance
The Company provided forward-looking statements regarding its future financial or business performance, strategies, or expectations.
Positive Outlook
- Crescent BDC seeks to maximize the total return of its stockholders.
- Crescent BDC aims to provide capital solutions to middle market companies.
- Crescent BDC targets companies with sound business fundamentals.
- Crescent BDC focuses on companies with strong growth prospects.
- Crescent BDC utilizes the experience and origination capabilities of Crescent Capital Group LP.
Challenges Ahead
- Forward-looking statements are subject to numerous assumptions, risks, and uncertainties.
- Actual results could differ materially from those anticipated in forward-looking statements.
- Future results could differ materially from historical performance.
- Dependence on the general economy and its impact on the industries in which Crescent BDC invests.
- Changes and volatility in political, economic, or industry conditions.