---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-137267"
form_type: "8-K"
ticker: "BCIC"
cik: "0001372807"
company_name: "BCP Investment Corp"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:02:43.378449+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Portman Ridge Q1 NII falls 43% QoQ to $0.67/sh; NAV $22.57; dividend $0.69

## Summary
- NII of $6.2M ($0.67/sh) down from $11.2M ($1.18) Q4 2023 and $8.5M ($0.89) Q1 2023.
- NAV per share $22.57, down from $22.76 at Dec 31, 2023; total investments $471.3M.
- Repurchased 51,015 shares for $1.0M in Q1, accretive $0.02 to NAV; Q2 dividend $0.69 payable May 31.
- Core investment income $16.5M vs $19.3M YoY; non-accruals unchanged at 7 debt investments.
- Net leverage 1.2x; borrowing par $291.7M down from $325.7M; asset coverage 171%.

## SEC filing metadata
- accession: 0001193125-24-137267
- form_type: 8-K
- ticker: BCIC
- cik: 0001372807
- company_name: BCP Investment Corp
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372807/000119312524137267/0001193125-24-137267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372807/000119312524137267/d838591d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-137267
- JSON: https://secwatch.observer/filing/0001193125-24-137267.json
- Plain text: https://secwatch.observer/filing/0001193125-24-137267.txt

## Key facts
- Earnings Releases
  BCP Investment Corp reported first quarter ended March 31, 2024 results: revenue $16.5 million, net income $6.2 million ($0.67 per share), EPS $0.67 per share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $16.5 million
  - Net income: $6.2 million ($0.67 per share)
  - EPS: $0.67 per share
  - Result: reported results
  source text: announced today its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Total investment income for the first quarter of 2024 was $16.5 million (inclusive of the reversal $0.4 million, or $0.04 per share, of previously accrued income on two loans that were placed on non-accrual status in the first quarter), as compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372807/000119312524137267/0001193125-24-137267-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.