Crescent Capital BDC Q3 2022 Earnings Report
Key Takeaways
Crescent Capital BDC reported net investment income of $16.0 million, or $0.52 per share, and adjusted net investment income of $13.0 million, or $0.42 per share, for the quarter ended September 30, 2022. The net asset value per share was $20.16 at September 30, 2022. The Board of Directors declared a regular cash dividend for the fourth quarter 2022 of $0.41 per share.
Net investment income was $16.0 million, or $0.52 per share.
Adjusted net investment income was $13.0 million, or $0.42 per share.
Net asset value per share was $20.16.
A regular cash dividend for the fourth quarter 2022 of $0.41 per share was declared.
Crescent Capital BDC
Crescent Capital BDC
Forward Guidance
This press release contains forward-looking statements regarding Crescent BDC’s future financial or business performance, strategies or expectations.
Positive Outlook
- Potential investment opportunities.
- Expected financings.
- Ability to obtain continued financing on favorable terms.
- Timing of cash flows from portfolio companies.
- Ability of investment adviser to attract and retain talented professionals.
Challenges Ahead
- Future operating results.
- Business prospects of portfolio companies.
- Impact of investments.
- Contractual arrangements with third parties.
- Dependence on the general economy.