LOS ANGELES, May 13, 2026 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC" or the "Company") (NASDAQ: CCAP ) today reported net investment income of $0.42 per share and net income of ($0.42) per share for the quarter ended March 31, 2026. Net asset value (NAV) per share was $18.27 at March 31, 2026. Subsequent to quarter end, the Company reduced its fee structure, lowering its base management fee from 1.25% to 1.00% and its incentive fee from 17.5% to 15.0%, effective April 1, 2026, further aligning interests with shareholders and supporting the durability of its earnings profile. Dividend Declarations The Company announced that its Board of Directors (the "Board") declared a second quarter 2026 regular cash dividend of $0.34 per share to stockholders of record as of June 30, 2026, payable on July 15, 2026, and a series of special cash dividends related to undistributed taxable income in the aggregate amount of $0.09 per share, to be paid in three equal quarterly installments of $0.03 per share. 1 Selected Financial Highlights ($ in millions, except per share amounts) As of and for the three months ended March 31, 2026 December 31, 2025 March 31, 2025 Investments, at fair value $ 1,562.5 $ 1,569.4 $ 1,620.7 Total assets $ 1,617.7 $ 1,622.1 $ 1,666.5 Total net assets $ 674.0 $ 706.0 $ 727.1 Net asset value per share $ 18.27 $ 19.10 $ 19.62 Investment income $ 37.9 $ 40.8 $ 42.1 Net investment income $ 15.5 $ 16.5 $ 16.6 Net realized gains (losses), net of taxes $ (11.6 ) $ 3.2 $ (6.5 ) Net change in unrealized gains (losses), net of taxes $ (19.4 ) $ (11.2 ) $ (6.2 ) Net increase (decrease) in net assets resulting from operations $ (15.5 ) $ 8.5 $ 3.9 Net investment income per share $ 0.42 $ 0.45 $ 0.45 Net realized gains (losses) per share, net of taxes $ (0.31 ) $ 0.09 $ (0.18 ) Net change in unrealized gains (losses) per share, net of taxes $ (0.53 ) $ (0.30 ) $ (0.16 ) Net increase (decrease) in net assets resulting from operations per share $ (0.42 ) $ 0.23 $ 0.11 Regular distributions paid per share $ 0.42 $ 0.42 $ 0.42 Special distributions paid per share $ - $ - $ 0.05 Weighted average yield on income producing securities (at cost) 2 9.8 % 10.0 % 10.4 % Percentage of debt investments at floating rates 99.2 % 98.0 % 97.2 % Portfolio & Investment Activity As of March 31, 2026 and December 31, 2025, the Company had investments in 192 and 184 portfolio companies with an aggregate fair value of $1,562.5 and $1,569.4 million, respectively. The portfolio at fair value was comprised of the following asset types: Portfolio Asset Types: As of $ in millions March 31, 2026 December 31, 2025 Investment Type Fair Value Percentage Fair Value Percentage Senior secured first lien $ 377.0 24.2 % $ 350.8 22.4 % Unitranche first lien (3) 1,044.0 66.7 1,047.8 66.7 Unitranche first lien - last out (3) 18.8 1.2 26.2 1.7 Senior secured second lien 3.7 0.2 12.2 0.8 Unsecured debt Full story available on Benzinga.com
Crescent Capital BDC, Inc. Reports First Quarter 2026 Earnings Results; Declares a Second Quarter Base Dividend of $0.34 Per Share and Series of Special Dividends
