Dividend and Taxation - The company has adopted a dividend reinvestment plan allowing stockholders to reinvest dividends in additional shares of common stock[66]. - The company has elected to be treated as a Regulated Investment Company (RIC) for U.S. federal income tax purposes, which allows it to avoid corporate-level income taxes on distributed income[94]. - To maintain RIC status, the company must distribute at least 90% of its investment company taxable income annually[95]. - The company must derive at least 90% of its gross income from specific sources to qualify as a RIC, including dividends and interest[97]. - The company is subject to a 4% nondeductible federal excise tax on certain undistributed income unless it meets specific distribution requirements[96]. Regulatory Compliance - The company is regulated as a Business Development Company (BDC) under the 1940 Act, primarily investing in private companies[69]. - The company must maintain an asset coverage ratio of at least 150% after borrowing, limiting its ability to use debt[72]. - The company is permitted to invest up to 30% of its portfolio in "non-qualifying assets" under the 1940 Act[75]. - The company is required to provide significant managerial assistance to portfolio companies to count securities as qualifying assets[77]. - The company must adhere to certain regulatory requirements, including having a majority of independent directors[71]. - The company is subject to periodic examinations by the SEC for compliance with the 1940 Act[74]. - The company must disclose its internal control effectiveness and any significant changes in its internal controls over financial reporting[90]. - The company has adopted compliance policies and procedures to prevent violations of federal securities laws[83]. - The company is required to furnish stockholders with annual reports containing audited financial statements and quarterly reports[92]. Financial Performance and Risk Management - As of December 31, 2024, 97.3% of the investments at fair value in the company's portfolio were at variable rates, subject to interest rate floors[395]. - A hypothetical 100 basis point increase in interest rates would result in an increase of $14.7 million in interest income and $5.9 million in interest expense, leading to a net interest income of $8.8 million[396]. - The company has £16.9 million, AUD $44.8 million, and SEK 11.6 million notional exposure to foreign currency forward contracts related to investments totaling £17.2 million, €18.3 million, AUD $29.5 million, and SEK 11.6 million at par[399]. - The company may be required to recognize taxable income without receiving cash, particularly in cases involving Original Issue Discount (OID) on debt obligations[98]. - The company is subject to asset coverage ratio requirements under the 1940 Act, which could restrict its ability to make necessary distributions[99]. - The company may utilize hedging instruments to mitigate interest rate fluctuations, but such strategies may also limit benefits from lower interest rates[398].

Wall Street expects a year-over-year decline in earnings on lower revenues when Crescent Capital BDC (CCAP) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 19, 2025, might help the stock move higher if these key numbers are bett ...

LOS ANGELES, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Wednesday, February 19, 2025 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, February 20, 2025 at 12:00 p.m. Eastern Time to discuss its fourth quarter and year ended December 31, 2024 financial results. Conference Call ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Crescent Capital BDC (CCAP) , which belongs to the Zacks Financial - SBIC & Commercial Industry industry.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7%.For the last reported quarter, Crescent Capital BDC came out with earnings of $0.6 ...

Investors might want to bet on Crescent Capital BDC (CCAP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The ...

I recently co-authored: My Top 10 BDCs for 2025 here on Seeking Alpha. While the list focused on their quality in lieu of their valuations, there were some BDCs I considered quality that I had to leave off theContributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due dilige ...

Core Insights - Crescent Capital BDC (NASDAQ: CCAP) has seen its stock price increase by over 4.6% since the last coverage, resulting in a total return of over 7.4% [1] Company Overview - The focus of the analysis is on dividend investing as a means to achieve financial freedom, emphasizing its accessibility and potential for long-term wealth building [1] - The author has extensive experience in M&A and business valuation, which informs the analysis of CCAP and similar investments [1] Investment Strategy - The article highlights the importance of dividends in generating cash flow and building a solid financial foundation [1] - The author aims to share insights and experiences to make dividend investing more approachable for investors [1]

When it comes to measuring the success of BDCs, I believe that NAV growth and dividend consistency are two of the most important metrics. NAV growth indicates a healthy underlying strategy when it comes toFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality divi ...

Crescent Capital BDC, Inc. Quarterly Earnings Presentation September 30, 2024 Disclaimer and Forward-Looking Statement 2 This presentation (the "Presentation") has been prepared by Crescent Capital BDC, Inc. (together with its consolidated subsidiaries, "CCAP," "Crescent BDC" or the "Company") and may be used for informational purposes only. This Presentation contains summaries of certain financial and statistical information about the Company and should be viewed in conjunction with the Company's most rece ...

Financial Data and Key Metrics Changes - Net investment income (NII) was reported at $0.64 per share, translating to an annualized NII return on equity of 12.6% [6] - Total investment income increased to $51.6 million, a 5% increase from $49.0 million in the prior quarter [28] - Net asset value (NAV) per share decreased by $0.10 to $20.20, primarily due to net unrealized marks [8] Business Line Data and Key Metrics Changes - The investment portfolio totaled approximately $1.6 billion at fair value, with 90% consisting of first-lien loans, unchanged from the prior quarter [9][10] - The weighted average yield of income-producing securities at cost decreased to 11.6% [22] - Non-accrual investments represented 1.7% of total debt investments at cost and 0.9% at fair value [14] Market Data and Key Metrics Changes - Deal activity in Q3 was driven by lower borrowing costs and strong economic conditions, with refinancings and recapitalizations making up almost 50% of overall volume [15] - The weighted average interest coverage of portfolio companies improved to 1.8 times, compared to 1.7 times in the previous two quarters [24] Company Strategy and Development Direction - The company continues to focus on non-cyclical industries and maintains a diversified portfolio across 20 broad industry categories [10] - Management expressed optimism about increased deal activity in 2025, driven by recent rate cuts and a favorable market reaction to the presidential election results [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted that while the market for M&A has been slow, they expect an acceleration in activity as sponsors seek to monetize investments [48] - The company remains confident in the strong performance of its portfolio and the ability to deliver attractive risk-adjusted returns to shareholders [40] Other Important Information - The company declared a supplemental dividend of $0.07 per share, alongside a regular dividend of $0.42 per share, resulting in an approximately 10% annualized dividend yield [7] - The debt-to-equity ratio improved from 1.18 times to 1.15 times, remaining within the target leverage range [34] Q&A Session Summary Question: Clarification on non-recurring income - Management acknowledged that approximately $3 million of non-recurring income should not be factored into future expectations [42][45] Question: Outlook for remaining First Eagle assets - Management indicated that the pace of monetization for the remaining First Eagle assets is expected to accelerate due to improved market conditions [48] Question: Expectations for 2025 activity levels - Management expressed optimism for increased activity in 2025 but noted that it may not reach the levels seen in 2021 due to different market conditions [56][57] Question: Future acquisition goals - Management stated that they are open to additional M&A opportunities but emphasized the importance of measured growth [62][66] Question: Explanation of supplemental dividend cap - Management explained that the supplemental dividend is capped based on unrealized changes in NAV, limiting it to $0.07 this quarter [69]