Welcome to our dedicated page for Investcorp Cr Mgmt Bdc news (Ticker: ICMB), a resource for investors and traders seeking the latest updates and insights on Investcorp Cr Mgmt Bdc stock.
Investcorp Credit Management BDC Inc (ICMB) is a New York-based financial services firm specializing in private debt and equity investments for middle-market companies. This news hub provides investors and financial professionals with timely updates on ICMB's strategic activities and market developments.
As a centralized resource for ICMB-related news, this page offers comprehensive coverage of key financial events and corporate communications. Users can efficiently track the company's evolving position in the business development sector through verified press releases and objective reporting.
The curated news collection includes updates on portfolio performance, credit management strategies, and regulatory filings, providing insights into ICMB's approach to generating shareholder value through middle-market investments. All content is carefully organized to support informed decision-making for both institutional and individual investors.
Bookmark this page for direct access to ICMB's latest announcements and analysis relevant to private credit markets. Regularly updated content ensures stakeholders maintain informed perspectives on the company's financial trajectory and industry leadership.
Investcorp Credit Management BDC (NASDAQ: ICMB) has announced its financial results for Q4 2024. The Board declared a quarterly distribution of $0.12 per share for Q1 2025, payable on May 16, 2025. During Q4, ICMB invested $9.9 million in two new and two existing portfolio companies, with a weighted average yield of 11.81% at origination.
The company's net asset value decreased by $0.16 to $5.39 per share, representing a $2.3 million (2.86%) reduction in net assets. The weighted average yield on debt investments decreased to 10.36% from 10.51% in the previous quarter. The company fully realized investments in two portfolio companies, generating $7.6 million in proceeds with an internal rate of return of 17.20%.
As of December 31, 2024, ICMB's portfolio included investments in 43 companies, with 81.17% in first lien investments. The company had $12.1 million in cash and $41.5 million available under its revolving credit facility.
Investcorp Credit Management BDC (NASDAQ:ICMB) has announced it will release its financial results for the second quarter and fiscal period ended December 31, 2024, on Tuesday, March 25, 2025, after market close.
The company will host an earnings conference call on Wednesday, March 26, 2025, at 10:00 am ET. Participants can join by dialing (800) 550-9893; international callers should use (858) 609-8959, with passcode 872058#.
ICMB is a business development company focusing on debt and equity investments in middle-market companies with annual revenues of at least $50 million and EBITDA of at least $15 million. The company is externally managed by CM Investment Partners and aims to maximize stockholder returns through current income and capital appreciation.
Investcorp Credit Management BDC (NASDAQ: ICMB) reported financial results for Q3 2024. The company's net asset value increased to $5.55 per share from $5.21, with net assets rising by $4.9 million (6.50%). ICMB invested $13.1 million in three new and three existing portfolio companies, with a weighted average yield of 10.73%. The company received $14.2 million from repayments and sales. Net investment income was $2.3 million ($0.16 per share), and the Board declared a quarterly distribution of $0.12 per share payable on January 8, 2025.
Investcorp Credit Management BDC (NASDAQ:ICMB) has announced it will release its financial results for the quarter ended September 30, 2024, on Tuesday, November 12, 2024, after market close. The company will host an earnings conference call on Wednesday, November 13, 2024, at 09:00 am ET. Interested parties can join via phone at (800) 550-9893; international callers should dial (858) 609-8959, using passcode 872058#. A replay will be available on the company website.
Investcorp Credit Management BDC (NASDAQ: ICMB) announced financial results for Q4 and fiscal year ended June 30, 2024. Key highlights:
- Board declared a distribution of $0.12 per share for Q3 2024
- Investments made in 2 new and 3 existing portfolio companies, totaling $17.9 million
- Fully realized investments in 3 portfolio companies, totaling $22.1 million
- Net asset value decreased $0.28 per share to $5.21
- Net assets decreased by $4.1 million (5.17%) during Q4
- Weighted average yield on debt investments: 12.33%
- Net investment income: $1.3 million ($0.09 per share)
- Net decrease in net assets from operations: $2.5 million ($0.17 per share)
The company maintained a disciplined investment approach amid challenging market conditions, focusing on portfolio stability and long-term growth.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) has announced the schedule for its fourth quarter and fiscal year 2024 earnings release. The company will disclose its financial results on Wednesday, September 25, 2024, after the financial markets close. Following this, ICMB will host an earnings conference call on Friday, September 27, 2024, at 10:00 am Eastern Time.
Interested parties can participate in the conference call by dialing (800) 550-9893 for domestic callers or (858) 609-8959 for international callers. The passcode for the call is 872058#. For those unable to attend, a replay of the call will be available on the company's website at http://icmbdc.com/earnings-calls/.
Investcorp Credit Management BDC (NASDAQ: ICMB) announced its Q3 financial results for the period ending March 31, 2024. The company reported a net investment income of $2.1 million, or $0.14 per share, and a net increase in net assets from operations of $2.4 million, or $0.17 per share. ICMB achieved a 12.36% weighted average yield on debt investments, increasing from 11.46% in the previous quarter. The Board declared a quarterly distribution of $0.12 per share and a supplemental distribution of $0.03 per share, both payable on June 14, 2024. The company fully realized investments in six portfolio companies, yielding $21.2 million in proceeds with a 17.09% internal rate of return. Net asset value rose slightly to $5.49 per share. Additionally, the company invested $8.9 million in existing portfolio companies, with no new investments made during the quarter.
Investcorp Credit Management BDC (NASDAQ: ICMB) announced a leadership transition with Suhail A. Shaikh being appointed as the new CEO, effective immediately.
Outgoing CEO Michael C. Mauer will remain as Chairman of the Board of Directors and take on the role of Vice Chairman of Private Credit at Investcorp.
Mr. Shaikh has been with Investcorp since January 2023, serving as President since February 2023 and as a Board member since September 2023. Both Mr. Shaikh and Mr. Mauer have been Co-Chief Investment Officers at CM Investment Partners since January 2023, with Mr. Shaikh now becoming the sole Chief Investment Officer at the Adviser.
Mr. Shaikh expressed optimism about the company's position in the current lending environment, which he believes favors alternative lenders like ICMB.
Investcorp Credit Management BDC, Inc. (formerly CM Finance Inc.) (NASDAQ:ICMB) will release its financial results for the quarter ended March 31, 2024 on Tuesday, May 14, 2024. An earnings conference call will be held on Wednesday, May 15, 2024, at 12:00 pm (Eastern Time). Interested parties can participate by dialing (800) 550-9893 5-10 minutes prior to the call.
