secwatch.observer — SEC 8-K summary
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Issuer:     BCP Investment Corp (BCIC)
CIK:        0001372807
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001193125-24-068256
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Portman Ridge Q4/FY 2023 NII $3.66/share; dividend raised to $0.69; new $10M buyback; CFO transition
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- Full-year 2023 total investment income $76.3M (+9.6% YoY); NII $34.8M ($3.66/share) vs $28.9M ($3.00/share) in 2022.
- Q4 2023 NII $11.2M ($1.19/share) vs $7.1M ($0.74/share) Q4 2022; included $5.3M expense reimbursement from adviser.
- NAV $213.5M ($22.76/share) at Dec 31, 2023, down from $232.1M ($24.23/share) a year ago but up from $214.8M Q3 2023.
- Declared Q1 2024 dividend of $0.69/share, +$0.01 from Q1 2023. New $10M stock repurchase program through March 31, 2025.
- Brandon Satoren appointed CFO/Secretary/Treasurer effective April 1, 2024; Jason Roos resigns, remains as advisor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372807/000119312524068256/0001193125-24-068256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372807/000119312524068256/d803592d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-068256

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