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Carlyle Secured Lending, Inc. Announces Financial Results For Fourth Quarter and Full Year Ended December 31, 2024, Declares First Quarter 2025 Dividends of $0.45 Per Common Share Inclusive of the Supplemental Dividend
CGBDCarlyle Secured Lending(CGBD) GlobeNewswire·2025-02-25 21:36

Core Viewpoint - Carlyle Secured Lending, Inc. reported strong financial results for Q4 and the full year of 2024, highlighting portfolio growth and consistent net investment income despite market challenges [1]. Financial Performance - Net investment income for Q4 2024 was 0.47percommonshare,maintainingconsistencywiththepreviousquarter[1].Forthefullyear2024,netinvestmentincomewas0.47 per common share, maintaining consistency with the previous quarter [1]. - For the full year 2024, net investment income was 2.00 per common share, with an Adjusted Net Investment Income Per Common Share of 2.02afteraccountingforonetimeevents[2].Thenetassetvaluepercommonsharedecreasedby0.32.02 after accounting for one-time events [2]. - The net asset value per common share decreased by 0.3% in Q4 2024, from 16.85 to 16.80[1].Thetotalfairvalueofinvestmentsincreasedto16.80 [1]. - The total fair value of investments increased to 1.8 billion as of December 31, 2024 [1]. Dividends - The Board of Directors declared a base quarterly common dividend of 0.40pershareandasupplementalcommondividendof0.40 per share and a supplemental common dividend of 0.05 per share, payable on April 17, 2025 [3]. - A cash dividend of 0.438perPreferredSharewasdeclaredfortheperiodfromOctober1,2024,toDecember31,2024[3].CompanyOverviewCarlyleSecuredLending,Inc.isaspecialtyfinancecompanyfocusedonlendingtomiddlemarketcompanies,managedbyCarlyleGlobalCreditInvestmentManagementL.L.C.[8].SinceitsinceptioninMay2013,thecompanyhasinvestedapproximately0.438 per Preferred Share was declared for the period from October 1, 2024, to December 31, 2024 [3]. Company Overview - Carlyle Secured Lending, Inc. is a specialty finance company focused on lending to middle-market companies, managed by Carlyle Global Credit Investment Management L.L.C. [8]. - Since its inception in May 2013, the company has invested approximately 8.7 billion in debt and equity investments [8]. - The company aims to generate current income and capital appreciation primarily through debt investments in U.S. middle-market companies [8].