The way how BDCs (business development companies) make their money boils down to borrowing as cheap as possible in order to have capital that could be lent to relatively high-risk companies at much higher yields. This results in a spread, which can be enhancedRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latv ...

As a Business Development Company, or BDC, enthusiast, the past year has been challenging for the sector ( BIZD ). With lower base rates resulting in lower portfolio yields, thus resulting in lower interest income, some BDC performances have beenContributing 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 encourag ...

Fidus Investment (FDUS) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Company Participants Jody Burfening - IREdward Ross - Chairman & CEOShelby Sherard - Chief Financial OfficerMickey Schleien - MD - Equity Research Conference Call Participants Robert Dodd - AnalystSean-Paul Adams - Equity Research Analyst Operator Good day, and welcome to the Fidus First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opport ...

Fidus Investment (FDUS) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Company Participants Jody Burfening - IREdward Ross - Chairman & CEOShelby Sherard - Chief Financial OfficerMickey Schleien - MD - Equity Research Conference Call Participants Robert Dodd - AnalystSean-Paul Adams - Equity Research Analyst Operator Good day, and welcome to the Fidus First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opport ...

Fidus Investment (FDUS) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Speaker0 Good day, and welcome to the Fidus First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your touch tone phone. To withdraw your question, please press then 2. Please note this event is being recorded. I would now like to turn the conference over to Jodi ...

Fidus Investment (FDUS) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.89%. A quarter ago, it was expected that this closed-end investment company would post earnings of $0.51 per share when it actually produced earnings of $0.54, delivering a surprise of 5.88%.Over the last four q ...

Investor Presentation NASDAQ: Common Stock – FDUS Disclosure Fidus Investment Corporation ("Fidus") cautions that statements in this presentation that are forward- looking, and provide other than historical information, involve risks and uncertainties that may impact our future results of operations. The forward-looking statements in this presentation are based on current conditions and include statements regarding our goals, beliefs, strategies and future operating results and cash flows, including but not ...

Investment Strategy and Portfolio - Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies with revenues between $10.0 million and $150.0 million[300]. - The investment strategy aims to generate attractive risk-adjusted returns through current income from debt investments and capital appreciation from equity investments[300]. - Investments typically range from $5.0 million to $35.0 million per portfolio company, with a focus on maintaining a diversified portfolio[304]. - Equity investments may include direct minority equity investments or warrants to buy equity interests, typically made in conjunction with debt investments[309]. - The investment portfolio consisted of 92 active portfolio companies as of March 31, 2025, compared to 87 active portfolio companies as of December 31, 2024[314][315]. - The Information Technology Services sector represented 35.3% of the portfolio's fair value as of March 31, 2025, up from 34.0% at the end of 2024[324]. Debt Investments - First lien debt investments are secured by a first priority lien on existing and future assets of the borrower, providing a senior position in the capital structure[305]. - Second lien debt investments rank junior to first lien debt but still provide security interests in the assets of the portfolio company[307]. - Subordinated debt investments are typically unsecured and rank subordinate to first and second lien debt, often featuring higher fixed interest rates[308]. - As of March 31, 2025, 72.8% of the debt investment portfolio, or $740.3 million, bore interest at a variable rate[314]. - First lien debt represented 69.4% of the fair value of the investment portfolio as of March 31, 2025, compared to 65.8% as of December 31, 2024[317]. - As of March 31, 2025, debt investments in 52 portfolio companies bore interest at a variable rate, representing $740.3 million, or 72.8% of the portfolio on a fair value basis[378]. Financial Performance - For the three months ended March 31, 2025, the company invested $115.6 million in debt and equity investments, compared to $145.9 million in the same period of 2024, reflecting a decrease of 20.8%[312]. - Total investment income for the three months ended March 31, 2025, was $36.5 million, an increase of $1.8 million or 5.3% from $34.7 million in the same period of 2024[327][328]. - Interest income rose to $30.3 million, up 7.8% from $28.1 million in the prior year, while dividend income surged by 210.1% to $1.2 million[327][328]. - Net investment income increased by $0.6 million, or 3.4%, to $18.2 million during the three months ended March 31, 2025[331]. - The company recorded net unrealized appreciation of $5.6 million as of March 31, 2025, down from $15.3 million as of December 31, 2024[314][315]. - Total net realized gain on investments for the three months ended March 31, 2025, was $13.3 million, significantly higher than the $1.7 million recorded for the same period in 2024[334][335]. Expenses and Cash Management - Total expenses, including income tax provision, increased by $1.3 million or 7.3% to $18.3 million for the three months ended March 31, 2025, compared to $17.0 million in 2024[329][331]. - Interest and financing expenses increased by 12.7% to $6.8 million for the three months ended March 31, 2025, compared to $6.0 million in 2024[329][331]. - The company had $67.5 million in cash and cash equivalents, with total net assets amounting to $677.9 million as of March 31, 2025[338]. - The company experienced a net increase in cash and cash equivalents of $10.3 million for the three months ended March 31, 2025[340]. Risk Factors and Market Conditions - Risks include economic downturns, interest rate volatility, and geopolitical conditions that could impact portfolio companies and investment opportunities[296]. - The company is closely monitoring market volatility and its potential impact on portfolio companies amid economic uncertainties[323]. - The company’s net investment income is sensitive to changes in market interest rates, with potential material adverse effects from significant rate changes[379]. - The Federal Reserve held interest rates steady in Q1 2025, following three consecutive rate reductions in late 2024, with future rate reductions uncertain[378]. Capital Structure and Funding - Fund III and Fund IV received their SBIC licenses, allowing for enhanced returns through SBA-guaranteed debentures[302]. - The company anticipates funding its investment activities through a combination of additional debt and equity capital[341]. - The Credit Facility was increased from $100.0 million to $140.0 million on July 25, 2024, with a maturity date extended to August 17, 2027[343]. - As of March 31, 2025, the company had no borrowings outstanding under its Credit Facility[382]. - The company received exemptive relief from the SEC to exclude senior securities issued by SBIC Funds from the asset coverage ratio requirement, enabling more debt capital for investments[352]. Shareholder Returns - A regular quarterly dividend of $0.43 per share and a supplemental dividend of $0.11 per share were declared, payable on June 25, 2025[375]. - The stock repurchase program allows for the acquisition of up to $5.0 million of outstanding common stock, extended through December 31, 2025[355]. - The company did not make any repurchases of common stock during the three months ended March 31, 2025 and 2024[355].

Exhibit 99.1 FIDUS INVESTMENT CORPORATION ANNOUNCES FIRST QUARTER 2025 FINANCIAL RESULTS Board of Directors Declared Total Dividends of $0.54 per Share for Second Quarter 2025 Base Dividend of $0.43 and Supplemental Dividend of $0.11 Per Share EVANSTON, Ill., May 8, 2025 – Fidus Investment Corporation (NASDAQ:FDUS) ("Fidus" or the "Company"), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial resu ...

Board of Directors Declared Total Dividends of $0.54 per Share for Second Quarter 2025Base Dividend of $0.43 and Supplemental Dividend of $0.11 Per Share EVANSTON, Ill., May 08, 2025 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Fina ...