Investcorp Credit Management BDC, Inc. (ICMB) Tops Q4 EPS by 5c

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) reported Q4 EPS of $0.25, $0.05 better than the analyst estimate of $0.20.

HIGHLIGHTS

• ICMB made six investments, and funded under one revolving commitment, across four existing portfolio companies. During the quarter these investments totaled $4.9mm. The weighted average yield of debt investments made in the quarter was 9.01%, inclusive of funding a revolving commitment.
• The weighted average yield on debt investments, at cost, decreased 61 basis points to 9.58%, compared to 10.19% as of March 31, 2020.
• Net asset value ("NAV") decreased $0.36 per share (or 4.42%) to $7.79, compared to $8.15 as of March 31, 2020.
• No investments were fully realized during the quarter.

Mr. Michael C. Mauer, the Company's Chief Executive Officer, said "As the difficult environment that we are operating in continues we are focused on managing all of the investments in the portfolio. We are focused on our leverage and preservation of capital as well as positioning for the recovery."

For earnings history and earnings-related data on Investcorp Credit Management BDC, Inc. (ICMB) click here.

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