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Earnings Call Summary | Capital Southwest Corp(CSWC.US) Q3 2024 Earnings Conference

moomoo AI ·  Jan 30 12:55  · Conference Call

The following is a summary of the Capital Southwest (CSWC) Q3 2024 Earnings Call Transcript:

Financial Performance:

  • Capital Southwest reported pre-tax net investment income of $0.72 per share for Q3 2024, 20% up from the same quarter last year.

  • Both regular and supplemental dividends were covered by the reported income, marking a growth of 7.5% in regular dividends as compared to the March 2023 quarter.

  • Net Asset Value (NAV) per share saw an increase of 1.9%, marking its fourth consecutive rise.

  • There was an equity proceeds rise to $66.5 million for the quarter at a weighted average price per share of $21.92.

Business Progress:

  • There was an increase in the corporate revolving credit facility from $435 million to $460 million.

  • The company made new commitments totalling $116.3 million, allocated to both new and existing portfolios.

  • The I-45 Senior Loan Fund is planned to be wound down due to unattractive risk-adjusted returns for shareholders on the syndicated loans market.

  • The company anticipates solid net portfolio growth for the next quarter, and a continued focus on balance sheet liquidity and BDC leverage is planned.

More details: Capital Southwest Corp IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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