MIAMI, Sept. 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it has acquired a portfolio of approximately $250 million of assets, including from TSO Puma SPV, LLC, an affiliate of Towerbrook Capital Partners. This portfolio was distributed in connection with the winding down of PennantPark-TSO Senior Loan Fund, LP, an unconsolidated limited partnership, and include assets with which the Company’s investment adviser is familiar. The averag ...

PALM BEACH GARDENS, Fla., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, has issued approximately 1.3 million shares, representing 9.9% of the Company’s outstanding common stock, at $11.65 per share for gross proceeds of $15.0 million to an affiliate of Booker Smith, a newly appointed director of Great Elm Group, Inc., with extensive experience in corporate credit and real estate investing. This transaction marks the lates ...

DALLAS, Aug. 27, 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, is pleased to announce that its Board of Directors has declared monthly regular dividends of $0.1934 per share for each of October, November, and December 2025 and a quarterly supplemental dividend of $0.06 per share ...

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 6.7%, compared with the industry average of 2.7%. Enbridge (ENB) : This leading energy infrastructure company, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.3% over the last 60 days. This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.8%, compared with the industry average of 4.5%. See the full list of top ranked stocks here. Here are three stocks with buy rank and strong income characterist ...

"We are very pleased to announce this amendment to our revolving credit facility with CNB," said Matt Kaplan, GECC's Chief Executive Officer. "The increased borrowing capacity is a testament to our growing capital base and strong operational performance since partnering with CNB on the initial $25.0 million commitment in 2021. The amended facility not only reduces our borrowing costs, but it also enhances our flexibility to fund attractive opportunities with compelling, risk-adjusted returns. Additionally, ...

Core Viewpoint - PennantPark Floating Rate Capital Ltd. reported its financial results for the third fiscal quarter ended June 30, 2025, highlighting growth in net investment income and portfolio activity despite a slight decline in net asset value per share [1][2]. Financial Results - The investment portfolio totaled $2,403.5 million, with net assets at $1,087.5 million and a net asset value per share of $10.96, reflecting a quarterly change of -1.0% [2]. - Net investment income for the quarter was $24.6 million, or $0.25 per share, compared to $21.2 million, or $0.31 per share, for the same period in 2024 [17]. - Total investment income for the quarter was $63.5 million, up from $48.5 million in the previous year, primarily due to an increase in the size of the debt portfolio [15]. Portfolio Activity - The company invested $208.1 million in new and existing portfolio companies during the quarter, with a weighted average yield on debt investments of 10.1% [8]. - As of June 30, 2025, the portfolio consisted of 155 companies with an average investment size of $15.5 million and a weighted average yield on debt investments of 10.4% [6]. - The company announced the formation of a new joint venture, PSSL II, with Hamilton Lane, aimed at investing in middle-market loans [32][33]. Debt and Financing - The company amended its credit facility in April 2025, reducing pricing and extending the reinvestment period and maturity date [24]. - As of June 30, 2025, the company had $419.1 million of unused borrowing capacity under the credit facility [23]. - The annualized weighted average cost of debt was 7.0% for the nine months ended June 30, 2025, compared to 7.3% for the same period in 2024 [23]. Distributions - Distributions declared per share for the quarter were $0.31, totaling $30.5 million, compared to $21.0 million for the same period in 2024 [31].

Core Insights - Portman Ridge Finance Corporation completed its merger with Logan Ridge Finance Corporation, enhancing its scale with total assets exceeding $600 million as of July 11, 2025 [5][8] - The company reported net investment income of $4.6 million, or $0.50 per share, for the second quarter of 2025, an increase from $4.3 million, or $0.47 per share, in the previous quarter [7][10] - A quarterly base distribution of $0.47 per share and a supplemental distribution of $0.02 per share were announced for the third quarter of 2025 [5][10] Financial Performance - Total investment income for the second quarter of 2025 was $12.6 million, up from $12.1 million in the first quarter of 2025 [5][10] - Net asset value (NAV) as of June 30, 2025, was $164.7 million, or $17.89 per share, compared to $173.5 million, or $18.85 per share, as of March 31, 2025 [5][10] - The company experienced net repayments and sales of approximately $6.1 million during the quarter, with deployments of about $10.9 million and sales and repayments of approximately $17.0 million [5][10] Investment Portfolio - The investment portfolio at fair value as of June 30, 2025, was $395.1 million, comprised of 96 different portfolio companies [10][12] - The debt investment portfolio, excluding investments in CLO Funds, equities, and joint ventures, totaled $323.1 million at fair value, spread across 25 different industries [10][12] - As of June 30, 2025, debt investments on non-accrual represented 2.1% of the company's investment portfolio at fair value [10][12] Merger and Rebranding - The merger with Logan Ridge is viewed as a transformational milestone, expected to provide increased scale, broader portfolio diversification, and enhanced financial flexibility [8][9] - Following the merger, the company will rebrand as BCP Investment Corporation and trade under the new ticker symbol "BCIC" [5][9] - The merger is anticipated to deliver compelling risk-adjusted returns for shareholders through cost savings and improved stock trading liquidity [5][8] Management Commentary - The CEO emphasized the focus on maintaining a high-quality portfolio and delivering long-term value to shareholders [7][8] - The company aims to leverage its enhanced scale and diversified portfolio to support stronger operating efficiency and improved shareholder outcomes over time [8][9]

Core Viewpoint - Great Elm Capital Corp. reported a strong second quarter for 2025, achieving record total investment income and net investment income (NII) that surpassed its increased quarterly distribution, driven by robust cash generation and solid performance from its investments [3][6]. Financial Highlights - Total investment income for Q2 2025 was a record $14.3 million, with cash income making up over 90% of this total [6]. - NII for Q2 2025 was $5.9 million, or $0.51 per share, compared to $4.6 million, or $0.40 per share, in Q1 2025, marking a significant increase [6][9]. - The net asset value (NAV) per share increased to $12.10 as of June 30, 2025, up from $11.46 at the end of Q1 2025, primarily due to unrealized gains on investments [6][9]. - The company declared a quarterly dividend of $0.37 per share for Q3 2025, reflecting a 13.5% annualized yield based on the closing price of $10.98 on August 1, 2025 [12]. Portfolio and Investment Activity - As of June 30, 2025, GECC held total investments valued at $335.1 million, with 55 debt investments in corporate credit totaling approximately $197.3 million, representing 58.9% of the fair market value of total investments [5][6]. - The weighted average current yield on the debt portfolio was 12.5%, with floating rate instruments comprising about 73% of the fair market value of debt investments [7]. - During Q2 2025, GECC deployed approximately $22.6 million into 26 investments at a weighted average current yield of 14.1% [7]. Management Commentary - The CEO highlighted the company's strong momentum in 2025, emphasizing the record NII and the expectation that NII will continue to exceed distributions for the full year despite anticipated fluctuations in cash flows from the CLO joint venture [3]. - The company plans to monitor the macro environment closely and seek capital deployment opportunities that offer compelling risk-adjusted returns [3]. Liquidity and Capital Resources - As of June 30, 2025, GECC had cash and money market fund investments totaling approximately $4.4 million, along with $19.0 million available under its $25.0 million revolving line of credit [10]. - Total debt outstanding was $201.4 million, which includes various senior notes and amounts drawn from the revolving credit facility [11]. Earnings Per Share Data - The earnings per share (EPS) for Q2 2025 was $1.02, a significant increase from a loss of $0.14 in Q2 2024 [4][23]. - The NII per share for Q2 2025 was $0.51, compared to $0.32 in Q2 2024 [4][23]. Conference Call and Webcast - The company will host a conference call and webcast on August 5, 2025, to discuss these results in detail [13][15].

Group 1 - Oxford Square Capital Corp. will hold a conference call to discuss second quarter 2025 earnings on August 7, 2025, at 9:00 AM Eastern time [1] - The toll-free dial-in number for the conference call is 1-800-549-8228, and the conference identification number is 03418 [1] - A recording of the call will be available for 30 days after the event, with the replay pass-code number being 03418 [1] Group 2 - Oxford Square Capital Corp. is a publicly-traded business development company that primarily invests in syndicated bank loans [2] - The company also invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles, including warehouse facilities [2] - Warehouse facilities are financing structures designed to aggregate loans that may be used to form the basis of a CLO vehicle [2]

Core Viewpoint - Oxford Square Capital Corp. has announced a public offering of $65 million in unsecured notes with a 7.75% interest rate, maturing on July 31, 2030, with the option for early redemption starting July 31, 2027 [1][2]. Group 1: Offering Details - The offering is expected to close on August 7, 2025, and includes an option for underwriters to purchase an additional $9.75 million in notes [2]. - The notes will be listed on the NASDAQ Global Select Market under the trading symbol "OXSQH" [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay existing indebtedness, acquire investments, and for general corporate purposes [3]. Group 3: 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].