earnings
confidence high
sentiment neutral
materiality 0.85
BCIC posts FY2025 NII of $25.1M, NAV down to $16.68/sh; transitions to monthly distributions of $0.09/sh
BCP Investment Corp
- FY2025 total investment income $61.2M, NII $25.1M ($2.28 per share) vs $24.0M ($2.59 per share) in FY2024.
- NAV at Dec 31, 2025: $209.2M ($16.68 per share) vs $178.5M ($19.41 per share) at Dec 31, 2024.
- Completed merger with Logan Ridge (July 15, 2025); issued $110M notes due 2028/2030; redeemed $108M 4.875% notes.
- Distribution policy: quarterly base $0.32/sh for March; monthly base $0.09/sh starting April 2026 with potential quarterly supplements.
- Board authorized $10M stock repurchase program; non-accrual debt investments increased to 4.0% of fair value portfolio vs 1.7%.