Quarterly ResultMay 11, 2026, 06:02 AM
Carlyle Secured Lending Resets Dividend to $0.35; Q1 NII $0.36/share
AI Summary
Carlyle Secured Lending, Inc. announced its first quarter 2026 financial results, reporting Net Investment Income and Adjusted Net Investment Income of $0.36 per common share. The company's net asset value per common share decreased by 2.3% to $15.89, and the total fair value of investments fell to $2.3 billion. The Board of Directors declared a quarterly common dividend of $0.35 per share, resetting the base dividend to align with current portfolio earnings while maintaining potential for supplemental dividends. CEO Alex Chi highlighted stable earnings, consistent credit performance, and an increasingly attractive investment environment.
Key Highlights
- Net Investment Income and Adjusted Net Investment Income for Q1 2026 was $0.36 per common share.
- Net asset value per common share decreased 2.3% to $15.89 as of March 31, 2026.
- Total fair value of investments decreased to $2.3 billion as of March 31, 2026.
- Board declared a quarterly common dividend of $0.35 per share, payable July 16, 2026.
- CEO noted expanding spreads on new originations, positioning for improved yields.
- Joint ventures ended the quarter with over $1 billion in assets.