Investcorp Credit Management BDC, Inc. (ICMB) Misses Q2 EPS by 1c

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) reported Q2 EPS of $0.15, $0.01 worse than the analyst estimate of $0.16.

• On February 3, 2022, the Company's Board of Directors (the "Board") declared a distribution of $0.15 per share for the quarter ending March 31, 2022, payable in cash on March 31, 2022, to stockholders of record as of March 11, 2021.
• During the quarter, ICMB made investments in seven new portfolio companies and seven existing portfolio companies. These investments totaled $66.5 million, at cost. The weighted average yield (at origination) of debt investments made in the quarter was 7.83%.
• ICMB fully realized six investments during the quarter, totaling $42.2 million in proceeds. The internal rate of return on these investments was 12.84%.
• During the quarter, the Company made net advances of $0.6 million on our revolving credit commitments.
• The weighted average yield on debt investments, at cost, to 8.16% for the quarter ended December 31, 2021, compared to 8.12% for the quarter ended September 30, 2021.
• Net asset value increased $0.09 per share to $7.09, compared to $7.00 as of September 30, 2021. Net assets increased by $1.3 million or 1.29% , during the quarter ended December 31, 2021.

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

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