Carlyle(US:CG) GlobeNewswire News Roomยท2024-08-05 10:05Core Viewpoint - Carlyle Secured Lending, Inc. reported strong performance in Q2 2024, driven by its middle-market strategy and active portfolio management, with expectations for increased deal activity through year-end [2] Financial Performance - Net investment income for Q2 2024 was $0.51 per common share [2] - Net asset value per common share decreased by 0.7% to $16.95 from $17.07 as of March 31, 2024 [2] - Total fair value of investments was $1.7 billion as of June 30, 2024 [2] Mergers and Acquisitions - On August 2, 2024, the company entered into a Merger Agreement with Carlyle Secured Lending III, which involves a two-step merger process [3] - The transaction is expected to close during the first fiscal quarter of 2025, subject to customary closing conditions [3] Dividends - The Board of Directors declared a base quarterly common dividend of $0.40 per share and a supplemental common dividend of $0.07 per share, payable on October 17, 2024 [5] - A cash dividend of $0.438 per Preferred Share was declared for the period from April 1, 2024, to June 30, 2024 [5] Company Overview - Carlyle Secured Lending, Inc. is an externally managed specialty finance company focused on lending to middle-market companies [7] - Since its inception in May 2013, the company has invested approximately $8.5 billion in aggregate principal amount of debt and equity investments [7] - The company is regulated as a business development company under the Investment Company Act of 1940 [8]