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Stock impact report

Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter and Fiscal Year Ended June 30, 2024, and Quarterly Distribution

Investcorp Credit Management BDC, Inc. (ICMB) 
Last investcorp credit management bdc, inc. earnings: 2/10 05:10 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) (“ICMB” or the “Company”) announced its financial results today for its fourth quarter and fiscal year ended June 30, 2024.HIGHLIGHTSOn September 18, 2024, the Company’s Board of Directors (the “Board”) declared a distribution of $0.12 per share for the quarter ending September 30, 2024, payable in cash on November 6, 2024, to stockholders of record as of October 16, 2024.During the quarter, ICMB made investments in two new portfolio companies and three existing portfolio companies. These investments totaled $17.9 million, at cost. The weighted average yield (at origination) of debt investments made in the quarter was 10.23%.ICMB fully realized its investments in three portfolio companies during the quarter, totaling $22.1 million in proceeds. The internal rate of return on these investments was 11.27%.During the quarter, the Company had net repayments of $0.41 million on its existing delayed draw and Show less Read more
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