The Rabid Capitalist

Professor Glenn A. Okun

NYU Stern School of Business

August 9, 2023

CCAP delivered in the June quarter.  Investment income totaled $46.7 million and $26.7 million, respectively, for the three months ended June 30, 2023 and 2022. For the three months ending June 30, 2023, interest income—which includes amortization of upfront costs—rose from $24.4 million for the same period in 2022 to $43.1 million. The increase was caused by an increase in benchmark interest rates, the Company’s acquisition of FCRD, which completed in March 2023, and organic expansion in the Company’s income-producing portfolio.

Net asset value grew to $19.58 from $19.38 in the March quarter.

CCAP declared a regular cash dividend for the third quarter of 2023 of $0.41 per share and a supplemental cash dividend of $0.08 per share.