---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-221986"
form_type: "8-K"
ticker: "CCAP"
cik: "0001633336"
company_name: "Crescent Capital BDC, Inc."
filed_at: "2026-05-13T21:24:33+00:00"
generated_at: "2026-05-13T21:28:32.052262+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Crescent BDC reports Q1 2026 NII $0.42, net loss ($0.42) per share; NAV $18.27; fees reduced; $0.43 total dividend

## Summary
- Net investment income of $15.5M ($0.42/share) vs $16.5M ($0.45) prior quarter; net loss of ($15.5M) or ($0.42)/share.
- NAV per share fell to $18.27 from $19.10 at Dec 31, 2025, driven by net realized/unrealized losses.
- Base management fee cut from 1.25% to 1.00% and incentive fee from 17.5% to 15.0% effective April 1.
- Declared Q2 2026 base dividend $0.34/share + three special dividends totaling $0.09/share, payable through Dec 2026.
- Total investment income $37.9M, down from $40.8M; interest income declined due to lower benchmark rates and restructurings.

## SEC filing metadata
- accession: 0001193125-26-221986
- form_type: 8-K
- ticker: CCAP
- cik: 0001633336
- company_name: Crescent Capital BDC, Inc.
- filed_at: 2026-05-13T21:24:33+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633336/000119312526221986/0001193125-26-221986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633336/000119312526221986/ccap-20260513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-221986
- JSON: https://secwatch.observer/filing/0001193125-26-221986.json
- Plain text: https://secwatch.observer/filing/0001193125-26-221986.txt

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