Crescent Capital BDC, Inc. Declares Cash Dividend for the Third Quarter of 2023, Payable on October 16, 2023
August 09, 2023 at 04:20 pm EDT
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Crescent Capital BDC, Inc. announced that its Board of Directors declared a regular cash dividend for the third quarter of 2023 of $0.41 per share, which will be paid on October 16, 2023 to stockholders of record as of the close of business on September 29, 2023.
Crescent Capital BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Companyâs investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments. It invests primarily in secured debt, including first lien, unitranche first lien and second-lien debt, and unsecured debt, including mezzanine and subordinated debt, as well as related equity securities of private United States middle-market companies. It is focused on purchasing interests in loans or make debt investments, either directly from its target companies as primary market or private credit investments (private credit transactions), or primary or secondary market bank loan or high yield transactions in the syndicated market (syndicated loans and bonds). Although its focus is to invest in less liquid private credit transactions. The Company is managed by Crescent Cap Advisors, LLC.