secwatch.observer — SEC 8-K summary
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Issuer:     BCP Investment Corp (BCIC)
CIK:        0001372807
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001193125-24-137267
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372807/000119312524137267/0001193125-24-137267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372807/000119312524137267/d838591d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-137267

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