Investcorp Credit Management Bdc, Inc. Announces Financial Results For The Quarter Ended June 30, 2023; Net Asset Value Per Share Of $6.09
Portfolio Pulse from Benzinga Newsdesk
Investcorp Credit Management Bdc, Inc. (ICMB) announced its Q2 2023 financial results, with a net asset value per share of $6.09, a decrease from $6.13 in Q1 2023. The company's board declared a distribution of $0.12 per share and a supplemental distribution of $0.03 per share for Q3 2023. ICMB made investments totaling $15.1 million in new and existing portfolio companies, and realized $8.66 million from one portfolio company. The weighted average yield on debt investments for Q2 was 12.45%, down from 13.36% in Q1.
September 18, 2023 | 8:38 pm
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NEUTRAL IMPACT
ICMB's net asset value per share decreased slightly in Q2 2023, and the company declared a distribution for Q3. The company made significant investments and realized proceeds from one portfolio company.
ICMB's slight decrease in net asset value per share may concern some investors, but the company's active investment activity and declared distribution for Q3 could offset these concerns. The impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100