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 DeclarationsThe 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