Investcorp Credit Management BDC Announces $0.12 Quarterly Dividend and Supplemental Distribution

Investcorp Credit Management BDC (NASDAQ:ICMB) has declared a $0.12/share quarterly dividend, in line with previous. The company's board also paid a supplemental distribution of $0.02/share. Both dividends are payable on October 9 for shareholders of record on September 30. The forward yield is 17.91%.

Title: Investcorp Credit Management BDC Declares Quarterly Dividend

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) has announced its financial results for the quarter ended June 30, 2025, including a quarterly dividend declaration. The company's board of directors declared a distribution of $0.12 per share for the quarter ending September 30, 2025, payable in cash on October 9, 2025, to shareholders of record as of September 18, 2025. Additionally, a supplemental distribution of $0.02 per share was also declared, also payable on October 9, 2025 [1].

The forward yield of the dividends is 17.91%, which is in line with previous quarterly dividend declarations. The company's board also authorized a new share repurchase program of up to $5 million, effective from August 7, 2025, to August 7, 2026 [1].

During the quarter, Investcorp Credit Management BDC made investments in one new portfolio company and four existing portfolio companies, totaling $19.0 million at cost. The weighted average yield of debt investments made during the quarter was 9.03% [1].

The company fully realized its investments in three portfolio companies during the quarter, generating $9.5 million in proceeds. The internal rate of return on these investments was 32.82% [1]. Additionally, the company had net advances of $2.9 million on new and existing delayed draw and revolving credit commitments to portfolio companies [1].

The weighted average yield on debt investments, at fair market value, for the quarter ended June 30, 2025, was 10.57%, compared to 10.95% for the quarter ended March 31, 2025 [1]. Net asset value decreased by $0.15 per share to $5.27, compared to $5.42 as of March 31, 2025 [1].

Investcorp Credit Management BDC's investment portfolio consisted of 43 portfolio companies as of June 30, 2025, with 79.23% being first lien investments and 20.77% being equity, warrants, and other investments. The company's debt portfolio consisted of 98.50% floating rate investments and 1.50% fixed rate investments [1].

The company's capital resources as of June 30, 2025, included $17.3 million in cash, of which $14.4 million was restricted cash, and $29.5 million of unused and available capacity under its revolving credit facility with Capital One, N.A. [1].

References:
[1] https://www.businesswire.com/news/home/20250812051689/en/Investcorp-Credit-Management-BDC-Inc.-Announces-Financial-Results-for-the-Quarter-Ended-June-30-2025-and-Quarterly-and-Supplemental-Distribution