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Dec 31, 2021

Capital Southwest Q3 2022 Earnings Report

Announced financial results for the third fiscal quarter ended December 31, 2021 and an increase in quarterly dividend to $0.48 per share for the Quarter Ended March 31, 2022.

Key Takeaways

Capital Southwest Corporation reported a pre-tax net investment income of $0.51 per share for the quarter ended December 31, 2021. The total investment portfolio was $876.8 million, with $268.3 million in new committed credit investments. The company also increased the quarterly dividend to $0.48 per share for the quarter ended March 31, 2022.

Total Investment Portfolio: $876.8 million, with a credit portfolio of $744.7 million and an equity portfolio of $74.5 million.

Pre-Tax Net Investment Income: $11.8 million, or $0.51 per weighted average diluted share.

Dividends: Paid $0.47 per share Regular Dividend and $0.50 per share Supplemental Dividend, totaling $0.97 per share.

Net Realized and Unrealized Appreciation on Investments: $0.7 million, including net appreciation on the equity portfolio and depreciation on the credit portfolio and I-45 SLF LLC.

Total Revenue
$22.3M
Previous year: $19M
+17.2%
EPS
$0.51
Previous year: $0.45
+13.3%
NAV per Share
$16.2
Previous year: $15.7
+2.9%
Yield on Debt Investments
9.5%
Previous year: 10.6%
-10.4%
Cash and Equivalents
$18.7M
Previous year: $43.7M
-57.3%
Free Cash Flow
-$35.3M
Total Assets
$913M
Previous year: $709M
+28.7%

Capital Southwest

Capital Southwest

Forward Guidance

The board declared a quarterly dividend of $0.48 per share for the quarter ended March 31, 2022.