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Oxford Square Capital Corp. Announces Offering of Notes
Globenewswire· 2025-07-31 11:48
Core Viewpoint - Oxford Square Capital Corp. has announced a registered public offering of notes, with terms to be determined through negotiations with underwriters [1] Group 1: Offering Details - The public offering price and terms of the notes will be negotiated between the company and the underwriters [1] - The company plans to grant underwriters a 30-day option to purchase additional notes to cover over-allotments [1] - The notes are expected to be listed on the NASDAQ Global Select Market and to begin trading within 30 days of the original issue date [2] Group 2: Use of Proceeds - The net proceeds from the offering are expected to be used for repaying indebtedness, acquiring investments in line with the company's investment objectives, and for general corporate purposes [2] Group 3: Management and Underwriters - Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering [3] - Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC, and William Blair & Company, L.L.C. are serving as lead managers for the offering [3] Group 4: Company Overview - Oxford Square Capital Corp. is a publicly-traded business development company that primarily invests in syndicated bank loans and, to a lesser extent, in debt and equity tranches of collateralized loan obligation (CLO) vehicles [6] - CLO investments may also include warehouse facilities, which are financing structures used to aggregate loans for CLO vehicles [6]
Great Elm Capital Corp. (“GECC”) Schedules Second Quarter 2025 Earnings Release and Conference Call
GlobeNewswire News Room· 2025-07-30 20:00
PALM BEACH GARDENS, Fla., July 30, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC") (NASDAQ: GECC), a business development company, today announced that it will release its financial results for the second quarter ended June 30, 2025, after the close of market trading on Monday, August 4, 2025. The results will be discussed in a conference call on Tuesday, August 5, 2025, at 8:30 a.m. ET. | Date/Time: | Tuesday, August 5, 2025 – 8:30 a.m. ET | | --- | --- | | Participant Dial-In Nu ...
WhiteHorse Finance, Inc. To Report Second Quarter 2025 Financial Results
Prnewswire· 2025-07-25 20:30
Company Announcement - WhiteHorse Finance, Inc. will release its second quarter financial results for the period ended June 30, 2025, on August 7, 2025 [1] - A conference call to discuss the financial results will take place on the same day at 2:00 p.m. ET [1] Teleconference Access - Investors can access the teleconference by dialing 800-267-6316 (domestic) or +1 203-518-9783 (international) approximately 10 minutes before the scheduled start time, referencing ID WHFQ225 [2] - A replay of the teleconference will be available starting approximately two hours after the call's completion through August 7, 2025 [3] Company Overview - WhiteHorse Finance is a business development company that originates and invests in loans to privately held, lower middle market companies across various industries [4] - The investment activities of the company are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, which manages over $70 billion of capital across multiple funds focused on small and mid-cap markets [4]
PFO: Attractively Priced To Benefit From Interest Rate Cuts
Seeking Alpha· 2025-07-23 17:30
Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The company advocates for a balanced approach to investing, suggesting that a solid base of dividend growth stocks can be effectively supplemented with other asset types to maximize income potential [1]. - The strategy aims to achieve a total return that aligns with the performance of the S&P index, indicating a focus on both growth and income [1].
Capital Southwest Announces Preliminary Estimate of First Quarter 2026 Operating Results and Earnings Release and Conference Call Schedule
Globenewswire· 2025-07-15 20:30
Core Viewpoint - Capital Southwest Corporation has announced preliminary operating results for the first quarter of its 2026 fiscal year, indicating positive financial performance and upcoming earnings release details [1][4]. Financial Performance - The preliminary estimate of pre-tax net investment income for the first quarter of 2026 is projected to be between $0.60 and $0.61 per share [2]. - The estimated net investment income for the same period is expected to range from $0.58 to $0.59 per share [2]. - The preliminary estimate of net asset value per share as of June 30, 2025, is between $16.55 and $16.65 [3]. - Non-accruals as a percentage of the total investment portfolio are estimated at 2.6% at cost and 0.8% at fair value [3]. Upcoming Events - Capital Southwest will finalize and release its first quarter 2026 results on August 6, 2025, after market close [4]. - A live webcast for investors is scheduled for August 7, 2025, at 1:00 p.m. Eastern Time [4]. Company Overview - Capital Southwest Corporation is a Dallas-based business development company with approximately $1.8 billion in investments at fair value as of March 31, 2025 [7]. - The company focuses on providing flexible financing solutions to support the acquisition and growth of middle market businesses, with investments ranging from $5 million to $50 million [7].
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2025 Results
Globenewswire· 2025-07-03 20:05
Core Points - PennantPark Floating Rate Capital Ltd. will report its financial results for the third fiscal quarter ended June 30, 2025, on August 11, 2025, after market close [1] - A conference call to discuss the financial results will be held on August 12, 2025, at 9:00 a.m. Eastern Time, with access details provided for participants [2] Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt [3] - The company may also engage in equity investments occasionally [3] - The company is managed by PennantPark Investment Advisers, LLC, which oversees approximately $10 billion of investable capital [4] - PennantPark Investment Advisers, LLC has been operational since 2007, providing a range of financing solutions to middle-market borrowers [4]
Capital Southwest Receives Affirmed Investment Grade Rating from Fitch Ratings
Globenewswire· 2025-07-02 20:01
Fitch Ratings affirms BBB- long-term issuer rating with a stable outlookDALLAS, July 02, 2025 (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 Fitch Ratings (“Fitch”) has affirmed Capital Southwest’s investment grade long-term issuer rating of BBB- with a stable out ...
Best Income Stocks to Buy for June 24th
ZACKS· 2025-06-24 13:10
Group 1: Runway Growth Finance Corp. (RWAY) - Runway Growth Finance Corp. is an externally managed business development company focused on providing flexible capital solutions to late-stage and growth companies [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7.4% over the last 60 days [1] Group 2: Flex LNG (FLNG) - Flex LNG is a shipping company specializing in the transportation of liquefied natural gas [2] - The Zacks Consensus Estimate for its current year earnings has increased by 12.1% over the last 60 days [2] - Flex LNG has a dividend yield of 12.6%, compared to the industry average of 2% [2] Group 3: Upbound Group, Inc. (UPBD) - Upbound Group, Inc. is a leading lease-to-own provider with operations in the United States, Puerto Rico, and Mexico [3] - The Zacks Consensus Estimate for its current year earnings has increased by 2% over the last 60 days [3] - Upbound Group has a dividend yield of 6.5%, compared to the industry average of 4.1% [3]
Capital Southwest Announces Transition to Monthly Regular Dividends and Declares Total Dividends of $0.64 per share for the Quarter Ending September 30, 2025
Globenewswire· 2025-06-11 20:01
Core Points - Capital Southwest Corporation is changing its regular dividend payment frequency from quarterly to monthly starting July 2025 [1][3] - The Board of Directors has declared monthly regular dividends of $0.1934 per share for July, August, and September 2025, along with a quarterly supplemental dividend of $0.06 per share payable in September 2025 [2][3] - The total regular dividends per share for the quarter ending September 30, 2025, will amount to $0.58, with an additional supplemental dividend of $0.06, bringing the total dividends per share for that quarter to $0.64 [3] Dividend Details - The declared monthly dividends and their payment schedule are as follows: - $0.1934 per share for July 31, 2025 - $0.1934 per share for August 29, 2025 - $0.1934 per share for September 30, 2025 [3] - The supplemental dividend of $0.06 per share will be payable on September 30, 2025 [3] Company Overview - Capital Southwest Corporation is a Dallas-based business development company with approximately $1.8 billion in investments at fair value as of March 31, 2025 [5] - The company focuses on providing flexible financing solutions to support the acquisition and growth of middle market businesses, making investments ranging from $5 million to $50 million [5] - Capital Southwest has a dividend reinvestment plan (DRIP) that allows registered stockholders to reinvest dividends into additional shares of common stock [4]
Prospect Capital Corporation Announces Redemption of its 3.706% Notes due 2026
Globenewswire· 2025-05-19 16:00
Group 1 - Prospect Capital Corporation announced the redemption of all outstanding 3.706% Notes due 2026 at a price of 100% of the principal amount plus accrued but unpaid interest, with the redemption date set for June 18, 2025 [1][2] - The Notes are held through The Depository Trust Company and will be redeemed in accordance with applicable procedures [2] - Prospect Capital Corporation is a business development company focused on lending to and investing in private businesses, aiming to generate current income and long-term capital appreciation through debt and equity investments [3]