CM Finance Inc. Declares Increased First Quarter Distribution, Payable on April 2, 2015
January 29, 2015 at 04:30 pm EST
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CM Finance Inc. announced that its board of directors declared a first calendar quarter distribution of $0.3469 per share payable on April 2, 2015 to shareholders of record as of March 18, 2015. The distribution is a 2.8% increase over quarterly distributions in 2014 and represents a 9.25% return on the IPO price of $15.00 per share in February, 2014.
Investcorp Credit Management BDC, Inc. is an externally managed, closed-end, non-diversified management investment company. 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 by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least 50 million dollars and earnings before interest, taxes, depreciation, and amortization of at least 15 million dollars. It invests in standalone first and second lien loans and unitranche loans, with an emphasis on floating rate debt. It also selectively invests in unsecured debt, bonds and in the equity of portfolio companies through warrants and other instruments. It invests in various industry sectors, such as chemicals, software, and others. Its investment advisor is CM Investment Partners LLC.
INVESTCORP CREDIT MANAGEMENT BDC, INC. 
