Welcome to our dedicated page for Investcorp Credit Management BDC news (Ticker: ICMB), a resource for investors and traders seeking the latest updates and insights on Investcorp Credit Management BDC stock.
Investcorp Credit Management BDC, Inc. (ICMB) is a specialized financial services company based in New York City, specifically located at 601 Lexington Avenue. It operates as an externally managed, non-diversified, closed-end management investment firm and has chosen to be regulated as a Business Development Company (BDC). The primary goal of ICMB is to maximize total returns to its stockholders through a combination of current income and capital appreciation. This is achieved by strategically investing in the debt and related equity of privately held, lower middle-market companies.
Core Business: The company's core business revolves around investing in the debt of middle-market companies. These are defined as enterprises with a specific range of enterprise values. By focusing on this niche, ICMB aims to provide significant value to its investors. The firm employs meticulous due diligence and sophisticated investment strategies to enhance its portfolio performance.
Recent Achievements & Current Projects: ICMB has made substantial strides in identifying and investing in promising middle-market companies. Its recent projects include significant investments in various sectors, ensuring a diversified portfolio that mitigates risk and maximizes returns. These efforts have been well-recognized in the financial community, contributing to the company's solid reputation.
Financial Condition: The company maintains a robust financial standing, with well-managed assets and a focused investment approach. This prudent management has resulted in steady income generation and capital appreciation, aligning well with the company’s objectives.
Partnerships & Products: Investcorp Credit Management BDC Inc. collaborates with a range of financial institutions and industry experts to identify lucrative investment opportunities. Their product offerings predominantly include debt instruments and related financial products that cater to the financing needs of middle-market enterprises.
ICMB's strategic approach and consistent performance make it a noteworthy player in the financial services sector. Investors and stakeholders can stay updated with the latest developments and performance metrics through our regularly updated news section.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) announced its financial results for the quarter and year ended June 30, 2021, will be released on September 13, 2021, after market close. An earnings conference call is scheduled for September 14, 2021, at 1:00 pm ET. The company focuses on maximizing returns for stockholders through debt and equity investments in middle-market companies with annual revenues over $50 million.
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) reported preliminary financial results for Q4 ending June 30, 2021. The Board declared a distribution of $0.15 per share, yielding 9.60% based on a $6.25 share price. The company made investments totaling $43.4 million with a weighted average yield of 10.32% but experienced a net asset value decrease to $6.92 per share. Cash resources include $12.6 million, and a new $115 million revolving credit facility was secured. The impact of COVID-19 continues to affect portfolio performance, which management expects to recover over the next 6-18 months.
Investcorp Credit Management BDC reported Q3 FY2021 results, showing a net asset value of $7.93 per share, up from $7.84. The firm declared a quarterly distribution of $0.15 per share, yielding 10.26% based on a share price of $5.85. New investments totaled $14.8 million with a weighted yield of 8.51%. Additionally, the firm realized $17.9 million from four investments. Net investment income reached $1.8 million, with earnings per share of $0.27. The company closed a $65 million public offering of notes, enhancing its financial capacity amid COVID-19 challenges.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) has announced its upcoming earnings release for the quarter ending March 31, 2021, scheduled for May 10, 2021. A conference call will follow on May 11, 2021, at 1:00 PM ET for investors. The company focuses on maximizing returns through investments in middle-market companies with revenues over $50 million. ICMB's investment strategy targets debt and related equity investments, emphasizing strong financial metrics for potential investments.
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) announced a public offering of $65 million in principal amount of its 4.875% notes due 2026. The offering, expected to close on March 31, 2021, will yield approximately $63.1 million after underwriting expenses. Proceeds will be used to redeem all outstanding 6.125% Notes due 2023 and to fund investments in middle-market companies. The 2023 Notes have an outstanding amount of $51.4 million and are set to mature on July 1, 2023.
Investcorp Credit Management BDC (NASDAQ: ICMB) reported its fiscal Q2 2021 results, highlighting a net investment income of $3.0 million, or $0.22 per share. The net asset value per share increased to $7.84. Distributions for the quarter ending March 31, 2021, were declared at $0.15 per share, with an additional $0.03 supplemental distribution. The company made investments totaling $17.6 million at a weighted average yield of 11.75%, while receiving $23 million in repayments. However, net investment income was lower compared to previous periods due to COVID-19 impacts.
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) will release its financial results for the quarter ended December 31, 2020, on February 9, 2021, after market close. An earnings conference call is scheduled for February 10 at 1:00 PM ET, where participants can discuss the results. The company focuses on maximizing total return for shareholders by investing in middle-market companies with revenues of at least $50 million and EBITDA of $15 million. For further details, interested parties can visit their website.
Investcorp Credit Management BDC (NASDAQ: ICMB) reported its fiscal Q1 results for the period ending September 30, 2020. The company made four investments totaling $13.3 million with a weighted average yield of 14.60%. Net asset value increased to $7.81 per share, reflecting a 0.26% rise. Net investment income reached $2.7 million, translating to $0.20 per share. Notably, the company declared a distribution of $0.15 per share, plus an additional $0.03, scheduled for January 2021, offering a 21.82% yield based on the $3.30 share price as of November 6, 2020.
Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) will announce its financial results for Q1 ended September 30, 2020, on November 9, 2020, after market closure. An earnings conference call is slated for November 10, 2020, at 1:00 PM ET, with participation details provided. The Company, regulated as a business development company, aims to maximize returns through investments in middle-market companies with revenues over $50 million and EBITDA over $15 million. Forward-looking statements are included, cautioning that actual performance may differ due to various factors.
Investcorp Credit Management BDC, Inc. (ICMB) has reported its fiscal fourth-quarter results ending June 30, 2020. The company made six new investments totaling $4.9 million with a weighted average yield of 9.01%. However, the net asset value (NAV) per share declined by 4.42% to $7.79. The net investment income was $3.4 million ($0.25 per share), and the company experienced a net decrease in net assets from operations of $2.5 million ($0.18 per share). A quarterly distribution of $0.15 per share is scheduled for October 15, 2020, with an additional supplemental distribution of $0.03 per share.
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