CEF Advisors AICA Event NAVigator Podcast

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Investcorp Credit Management BDC (ICMB)

BDC - Debt Focused BDC

Data as of Dec. 2, 2024
Current
Market Price $3.19 (- $0.01)
NAV (Sept. 30, 2024) $5.55 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -42.52% (-0.18%)
Fund Info
Inception Feb. 6, 2014
Sponsor Investcorp Credit Management
Website http://icmbdc.com/
Phone (212) 257-5199
Location New York
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Total return in the form of current income and capital appreciation through debt and related equity investments of U.S. middle-market companies.
Related Indexes
High Income Index
Capital & Leverage
Outstanding Shares 14,406,244
Total Assets (Reported: Sept. 30, 2024) $203M
Estimated Total Assets $179M
Net Assets $80M
Market Cap $46M
Portfolio Turnover 28.00%
Debt-to-Equity 1.4082
Total Leverage 55.41%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 23.35%
Non Lev Exp Ratio 12.88%
Gross Asset Expense Ratio 8.91%
Gross Asset Non Lev Exp Ratio 4.91%
Rel Lev Cost 7.21%
Discount Data
Average Discount (3 Yr) -36.56%
Discount Low(3 Yr) -47.21%
Discount High(3 Yr) -19.32%
Discount Rel Range (3 Yr) 16.80%
Comp Discount -40.16
Discount St Dev (1Yr) 3.21
Z-Stat
Z-Stat (6mo) -0.70
Z-Stat (1Yr) -0.87
Z-Stat (3Yr) -0.98
Comp Z-Stat (6mo) -1.10
Comp Z-Stat (3Yr) -1.47
Distribution Data
Market Yield 15.05%
Income Yield 15.05%
Lev Adj NAV Yield 5.56%
Av Yield on Debt Investments 10.51
Distribution Frequency Q
Current Distribution $0.120
Current Income $0.120
Ex-Date 12/20/24
Payable Date 1/8/25
Div Growth (3yr) -20.00%
Dividend Change -7.7% on 9/14/23
Expected Div 2/5/25
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $128
Avg Volume 30 day 39,410
Avg Volume 90 day 40,145
Volume Trend -1.83%
Comp Volume Trend -21.37%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
9.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
8.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
7.0%
Most Correlated Peer (Mk Pr): TPVG 27.0%
Price St Dev (1Yr) 29.9%
NAV St Dev (1Yr) 10.3%
Earnings
Earnings / Share (9/30/24) $0.161
Adj Core NII Coverage 134.57%
1 Yr Avg NII Coverage 105.46%
1 Yr Avg Adj Core NII Coverage 105.46%
NII Trend -0.58%
Adj Core NII Trend -0.58%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.65
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.86
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.60
Portfolio Data
Avg Libor Floor % 1.04%
% Loans with Libor Floor 83%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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