secwatch.observer — SEC 8-K summary
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Issuer:     BCP Investment Corp (BCIC)
CIK:        0001372807
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001193125-22-281264
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Portman Ridge Q3 NII $0.87/shr, up from $0.57; raises quarterly distribution to $0.67
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- Total investment income $19.0M (Q2: $15.0M); core investment income $17.6M (Q2: $13.7M).
- NII $8.4M ($0.87/shr) vs $5.5M ($0.57/shr) in Q2; net loss $4.2M due to mark-to-market.
- NAV $251.6M ($26.18/shr) down from $261.7M; non-accruals unchanged at 3 investments (0% at fair value).
- Quarterly distribution raised to $0.67/shr for Q4 2022, payable Dec 13 to holders of record Nov 24.
- Borrowings $368.9M par (asset coverage 167%); net leverage 1.3x; cash $16.9M unrestricted, $22.2M restricted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372807/000119312522281264/0001193125-22-281264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372807/000119312522281264/d411657d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-281264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer