secwatch.observer — SEC 8-K summary
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Issuer:     BCP Investment Corp (BCIC)
CIK:        0001372807
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001193125-23-071483
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Portman Ridge Q4 core investment income $17.7M; raises quarterly distribution to $0.68
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- Total Q4 investment income $18.6M vs $17.3M YoY; NII $7.1M ($0.74 per share).
- FY2022 core investment income $64.2M (+$0.8M YoY); NII $28.9M ($3.00 per share) down from $42.0M.
- NAV $232.1M ($24.23 per share) as of Dec 31; net leverage 1.49x on $378.2M borrowings.
- Declared Q1 2023 distribution $0.68 per share (payable March 31), second consecutive quarterly increase.
- Debt portfolio weighted avg interest rate 11.1% (vs 8.1%); non-accruals improved to 4 investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372807/000119312523071483/0001193125-23-071483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372807/000119312523071483/d484625d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-071483

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