Carlyle Secured Lending, Inc. Announces Third Quarter 2022 Financial Results, Declares Total Fourth Quarter 2022 Dividends of $0.44 Per Share and Increases Quarterly Base Dividend Rate Again
Carlyle Secured Lending (CGBD) reported strong financial results for Q3 2022, highlighting a net investment income of $0.58 per share and an increase in net asset value to $17.16. The total fair value of investments reached $1.9 billion. The company declared a base dividend of $0.36 and a supplemental dividend of $0.08, payable on January 16, 2023. CEO Linda Pace attributed growth to solid portfolio performance and favorable market conditions. The Board has increased dividend rates for Q4, reflecting confidence in ongoing financial stability.
- Net asset value increased by 2.1% from $16.81 to $17.16.
- Net investment income of $0.58 per share indicates strong earnings.
- Total investment fair value reached $1.9 billion.
- Increased base dividend to $0.36 and supplemental dividend to $0.08 for Q4.
- None.
NEW YORK, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its third quarter ended September 30, 2022. The full detailed presentation of CSL’s third quarter 2022 results can be viewed here.
Linda Pace, CSL’s Chief Executive Officer said, “Our third quarter results were very strong with substantial increases in our sustainable income level and our net asset value driven by the continued solid credit performance of our portfolio. The combination of higher base rates, our stable portfolio and the current deployment environment enabled us to deliver growth in our core earnings. Based on these factors, we increased both our base and supplemental dividend rates for the fourth quarter.”
Net investment income for the third quarter of 2022 was
Dividends
On October 31, 2022, the Board of Directors declared a base quarterly common dividend of
On September 22, 2022, the Company declared and paid a cash dividend on the Preferred Stock for the period from July 1, 2022 to September 30, 2022 in the amount of
Conference Call
The Company will host a conference call at 10:00 a.m. EST on Wednesday, November 9, 2022 to discuss these quarterly financial results. The conference call will be available via public webcast via a link on Carlyle Secured Lending’s website and will also be available on our website soon after the call’s completion.
Carlyle Secured Lending, Inc.
CSL is an externally managed specialty finance company focused on lending to middle-market companies. CSL is managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group Inc. Since it commenced investment operations in May 2013 through September 30, 2022, CSL has invested approximately
Web: carlylesecuredlending.com
About Carlyle
Carlyle (“Carlyle,” or the “Adviser”) (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With
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This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” “plans,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions to identify forward-looking statements, although not all forward-looking statements include these words. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. You should not place undue reliance on these forward-looking statements, which speak only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in filings we make with the Securities and Exchange Commission, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
| Investors: | Media: |
| Daniel Hahn | Kristen Greco |
| +1-212-813-4900 | +1-212-813-4763 |
| publicinvestor@carlylesecuredlending.com | kristen.greco@carlyle.com |
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