secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crescent Capital BDC, Inc. (CCAP)
CIK:        0001633336
Form:       8-K
Filed at:   2026-05-13T21:24:33+00:00
Accession:  0001193125-26-221986
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633336/000119312526221986/0001193125-26-221986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633336/000119312526221986/ccap-20260513.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-221986

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer