DALLAS, May 14, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest," "CSWC" or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the fourth fiscal quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Financial Highlights Fiscal Year 2024 Financial Highlights In commenting ...

DALLAS, May 07, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that its Board of Directors has approved the promotion of Josh Weinstein to Senior Managing Director and Chief Investment Officer and Chris Rehberger to Executive Vice President and Treasurer, effective immediately. Bowe ...

DALLAS, April 24, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (("Capital Southwest" or the "Company", NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it will release its fourth quarter and fiscal year 2024 results on Tuesday, May 14, 2024, after the market closes. In conjunction with the release, Capital Southwest has scheduled a live webcast o ...

Vivek Vishwakarma Now's a great time to be an income investor, as when the market is pre-occupied with chasing growth, investors can pick off +9% yields with ease. Such is the case with BDCs at this time, and this brings me to Capital Southwest (NASDAQ:CSWC), which I last covered in early January, highlighting its strong capital appreciation potential and low fee structure. While the stock has stayed virtually flat since when I last visited it, it continues to churn out well-covered dividends, giving in ...

DALLAS, April 02, 2024 (GLOBE NEWSWIRE) --  Capital Southwest Corporation ("Capital Southwest," or the "Company") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced that Moody's Investors Service, Inc. ("Moody's") has affirmed Capital Southwest's investment grade long-term issuer rating of Baa3 with a stable outlook.   Factors cited by Moody's in support of its ...

J Studios/DigitalVision via Getty Images Overview I've become a big believer in BDCs (business development companies) because of the strong dividend cash flow they can provide. Capital Southwest (NASDAQ:CSWC) has been one of my strongest BDC holdings and has consistently provided me with a growing stream of income. As a bonus, the price of CSWC has also grown by nearly 130% over the last decade. The current dividend yield is 9.5% and while lower than some BDC peers like Ares Capital (ARCC), TriplePoint ...

DALLAS, March 20, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation ("Capital Southwest" or "we"") (NASDAQ:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that its wholly owned subsidiary, Capital Southwest SPV LLC (the "SPV"), entered into a senior secured revolving credit facility (the "SPV Facility") with Deutsche Bank AG, New York Branch. The SPV Facility pr ...

SlavkoSereda/iStock via Getty Images Capital Southwest (NASDAQ:CSWC) is a mid-sized business development company, or BDC, with a NAV base of ~ $720 million and a market cap of roughly $1 billion, which indicates a notable premium above the underlying value. If we look at the investment strategy of CSWC and the corresponding investment criteria, we will notice the same standards that are in place for most BDCs, except the ones that focus on VC-type businesses. Here is a non-exhaustive set of investment c ...

Darren415 Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the third week of February. Ma ...

Financial Highlights - Capital Southwest declared a regular dividend of $0.57 per share and a supplemental dividend of $0.06 per share for the quarter ending March 31, 2024[8] - The company made $116.3 million in total new committed investments to four new and twelve existing portfolio companies[8] - Capital Southwest realized $79.0 million in total proceeds from debt prepayments and an equity exit, generating realized gains of $1.0 million with a weighted average IRR of 12.2%[8] - The company raised $66.5 million in gross proceeds through the Equity ATM Program during the quarter[8] - SBIC I received an additional leverage commitment of $45 million during the quarter[8] - For the twelve months ended December 31, 2023, Capital Southwest generated $2.71 per share in Pre-Tax NII and paid out $2.20 per share in regular dividends[10] Portfolio Composition and Performance - As of December 31, 2023, 97% of the credit portfolio was in first lien senior secured loans[28] - The investment portfolio at fair value increased to $1.37 billion from $1.35 billion in the prior quarter[22] - Net Asset Value (NAV) per share increased by 1.9% to $16.77 as of December 31, 2023, compared to $16.46 in the prior quarter[22] - The I-45 Senior Loan Fund (SLF) portfolio of $118 million is 95% first lien senior secured debt[38] Operating Metrics - Q3 2024 Pre-Tax Net Investment Income (NII) was $29.8 million, or $0.72 per share[22] - Regulatory Debt to Equity ended at 0.77x for the quarter[22]