Quarterly ResultMay 13, 2026, 05:42 PM
Crescent BDC Reduces Fee Structure; Q1 NII $0.42/share, NAV $18.27
AI Summary
Crescent Capital BDC, Inc. reported net investment income of $0.42 per share and net income of ($0.42) per share for the quarter ended March 31, 2026, with net asset value at $18.27 per share. Subsequent to quarter end, the company reduced its base management fee from 1.25% to 1.00% and its incentive fee from 17.5% to 15.0%, effective April 1, 2026. The Board also declared a second quarter 2026 regular cash dividend of $0.34 per share and special cash dividends totaling $0.09 per share, to be paid in three equal quarterly installments.
Key Highlights
- Base management fee reduced from 1.25% to 1.00%, effective April 1, 2026.
- Incentive fee reduced from 17.5% to 15.0%, effective April 1, 2026.
- Net investment income was $0.42 per share for the quarter ended March 31, 2026.
- Net asset value (NAV) per share was $18.27 at March 31, 2026.
- Board declared a Q2 2026 regular cash dividend of $0.34 per share.
- Special cash dividends of $0.09 per share declared, payable in three $0.03 installments.
- Total investments at fair value were $1,562.5 million as of March 31, 2026.
- Net debt to equity ratio was 1.32x as of March 31, 2026.