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Investcorp Credit Management BDC (ICMB)

BDC - Debt Focused BDC

Data as of Aug. 10, 2022
Current
Market Price $4.48 (- $0.24)
NAV (March 31, 2022) $6.93 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -35.35% (-3.46%)
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
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 14,385,809
Total Assets (Reported: March 31, 2022) $275M
Estimated Total Assets $268M
Net Assets $100M
Market Cap $64M
Portfolio Turnover 58.50%
Debt-to-Equity 1.7318
Total Leverage 62.81%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 16.81%
Non Lev Exp Ratio 9.80%
Gross Asset Expense Ratio 5.99%
Gross Asset Non Lev Exp Ratio 3.49%
Rel Lev Cost 3.98%
Discount Data
Average Discount (3 Yr) -35.20%
Discount Low(3 Yr) -85.32%
Discount High(3 Yr) -7.23%
Discount Rel Range 63.98%
Comp Discount -30.58
Discount St Dev (1Yr) 7.07
Z-Stat
Z-Stat (6mo) -0.75
Z-Stat (1Yr) -1.27
Z-Stat (3Yr) -0.01
Comp Z-Stat (6mo) -0.85
Comp Z-Stat (3Yr) -0.31
Distribution Data
Market Yield 13.39%
Income Yield 13.39%
Lev Adj NAV Yield 5.32%
Av Yield on Debt Investments 8.27
Distribution Frequency Q
Current Distribution $0.150
Current Income $0.150
Ex-Date 6/16/22
Payable Date 7/8/22
Div Growth (3yr) -40.00%
Dividend Change -40.0% on 5/7/20
Expected Div 8/4/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2021 2019 - 2021
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $96
Avg Volume 30 day 9,703
Avg Volume 90 day 21,318
Volume Trend -54.48%
Comp Volume Trend -31.67%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
15.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
45.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
40.0%
Most Correlated Peer (Mk Pr): PTMN 46.0%
Price St Dev (1Yr) 39.4%
NAV St Dev (1Yr) 2.9%
Earnings
Earnings / Share (3/31/22) $0.125
Adj Core NII Coverage 83.26%
1 Yr Avg NII Coverage 92.62%
1 Yr Avg Adj Core NII Coverage 92.62%
NII Trend -4.79%
Adj Core NII Trend -4.79%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.40
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.93
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.74
Portfolio Data
Avg Libor Floor % 1.05%
% Loans with Libor Floor 96%

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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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