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Stock impact report

Investcorp Credit (ICMB) Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Investcorp Credit Management BDC, Inc. (ICMB) 
Last investcorp credit management bdc, inc. earnings: 2/10 05:10 pm Check Earnings Report
Chief Financial Officer & Chief Operating Officer — Andrew Muns TAKEAWAYS Net Investment Income Before Taxes -- $0.8 million, or $0.06 per share, representing a 1% sequential increase and an annualized return on equity of 4.3%. Net Asset Value (NAV) Per Share -- Decreased to $5.27 from $5.42 last quarter, mainly due to fair value adjustments and two new nonaccrual designations. Portfolio Fair Value -- Reached $204.1 million, up from $192.4 million last quarter. Nonaccruals as Percent of Fair Value -- Stable at 1.6%; down from 5% in the comparable period last year. Origination Activity -- $19 million in new investments, concentrated in existing portfolio companies, compared to $5.1 million in the previous quarter. Realizations -- Proceeds of $9.5 million from three portfolio exits, realizing an IRR of approximately 32.8%. Portfolio Composition -- 43 borrowers with 79% in first lien debt and 21% in equity, warrants, and other positions; 98.5% of debt in floating rate in Show less Read more
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