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BCP Investment Corporation to Ring Nasdaq Stock Market Opening Bell on September 5, 2025
Globenewswire· 2025-09-03 20:05
NEW YORK, Sept. 03, 2025 (GLOBE NEWSWIRE) -- BCP Investment Corporation (NASDAQ: BCIC) (“BCIC”) today announced that CEO, Ted Goldthorpe, along with members of BCIC’s leadership team and board of directors, will ring the Nasdaq Stock Market Opening Bell on Friday, September 5, 2025. The ceremony will take place at the Nasdaq MarketSite in New York’s Times Square. The event will be broadcast live from 9:15am to 9:45am ET and can be viewed at: https://www.nasdaq.com/marketsite/bell-ringing-ceremony. Mr. Goldt ...
Pearl Diver Credit Company Inc. Announces Second Quarter 2025 Financial Results
Prnewswire· 2025-08-26 12:02
Core Viewpoint - Pearl Diver Credit Company Inc. reported solid financial results for the second quarter of 2025, maintaining net asset value per share and leveraging a machine learning approach to CLO equity investing to enhance portfolio returns [2][5]. Financial Performance - Net asset value per share was $18.19 as of June 30, 2025, down from $18.33 as of March 31, 2025 [5]. - GAAP net income for the quarter was $3.5 million, or $0.52 per share [5]. - Net investment income for the quarter was $3.1 million, or $0.46 per share [5]. - Investment income for the quarter totaled $5.5 million, or $0.81 per share [5]. - Total expenses for the quarter were $2.4 million, or $0.35 per share [5]. - The net change in unrealized appreciation on investments was $0.5 million, or $0.07 per share, compared to unrealized depreciation of $9.6 million, or $1.41 per share, in the previous quarter [5]. - Recurring cash flows from CLO investments for the quarter were $8.0 million, or $1.18 per share [5]. Portfolio and Investment Strategy - The Company had leverage of $40.4 million, representing 24.3% of total assets as of June 30, 2025, compared to 23.2% as of March 31, 2025 [5]. - The weighted average effective yield of the CLO portfolio was 12.75%, down from 15.57% as of March 31, 2025, due to market-wide loan spread compression [5]. - 95% of CLOs in the portfolio have reinvestment end dates from 2026 through 2030, indicating potential for favorable reinvestment opportunities [5]. - The Company had indirect exposure to approximately 1,285 unique corporate obligors and over 1,800 underlying loans, totaling $24.4 billion [5]. - The largest look-through obligor represented 0.7% of the loans in the CLO equity portfolio, while the top ten largest obligors represented 4.7% [5]. Dividends and Future Outlook - Net asset value per share increased to $18.48 as of July 31, 2025, a 1.6% increase from June 30, 2025 [5]. - The Company declared monthly dividends of $0.22 per share for August, September, and October 2025 [5].
Gladstone Investment (GAIN) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-08-12 23:30
Core Insights - Gladstone Investment (GAIN) reported revenue of $23.54 million for the quarter ended June 2025, reflecting a 6.2% increase year-over-year [1] - The earnings per share (EPS) remained stable at $0.24, matching the EPS from the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $23.95 million, resulting in a revenue surprise of -1.68% [1] - The company achieved an EPS surprise of +4.35%, exceeding the consensus EPS estimate of $0.23 [1] Financial Performance Metrics - Interest income from affiliate investments was reported at $6.19 million, slightly below the average estimate of $6.38 million from two analysts [4] - Interest income from cash and cash equivalents was $0.2 million, outperforming the average estimate of $0.07 million [4] - Interest income from non-control/non-affiliate investments was $15.26 million, which was lower than the estimated $16.04 million [4] - Total interest income amounted to $21.65 million, compared to the average estimate of $22.49 million [4] Stock Performance - Over the past month, shares of Gladstone Investment have returned +1.1%, while the Zacks S&P 500 composite increased by +2% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance against the broader market in the near term [3]
Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 per Share for August 2025
Globenewswire· 2025-08-01 11:50
Core Points - Kayne Anderson Energy Infrastructure Fund, Inc. announced a monthly distribution of $0.08 per share for August 2025, payable on August 29, 2025 [1] - The company declares distributions monthly, with the next expected in early September, subject to Board approval and compliance with debt covenants [2] - The fund aims to provide a high after-tax total return, focusing on cash distributions to stockholders by investing at least 80% of its total assets in Energy Infrastructure Companies [3] - Distribution amounts may vary based on portfolio changes and market conditions, and are not guaranteed [4] Distribution Details - Record Date / Ex-Date: August 15, 2025 - Payment Date: August 29, 2025 - Distribution Amount: $0.08 - Capital Estimate: 30% [3]