TCG BDC

TCG BDC Inc a traded fund, invests in the US middle market companies with an EBITDA of $10 to $100 million. It targets companies operating across a broad range of sectors. The fund invests primarily in first lien senior secured and second lien senior secured loans. It also considers mezzanine loans and equity co-investments.

Earnings data Q1 2021

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TCG BDC (CGBD) reports stable Q2 earnings, anticipates merger benefits

TCG BDC (CGBD) reported solid financial performance in Q2 2024, with a focus on maintaining shareholder value through the proposed merger with CSL III. While facing challenges related to asset depreciation, the company aims to capitalize on opportunities for cost savings and NAV accretion through the merger.

TCG BDC (CGBD) reports robust Q3 performance and eyes merger benefits

TCG BDC (CGBD) delivered a strong Q3 performance with a focus on credit quality and diversification across industries.
The upcoming merger with Carlyle Secured Lending III is expected to drive scale, liquidity, and cost efficiencies for enhanced earnings.
Analysts' inquiries highlighted areas of investor interest and potential challenges that management will need to address going forward.

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AllianceBernstein Hld

Arbor Realty Trust

Ares Commercial Real Estate

Apollo Global Management

Ares Management

Apollo Commercial Real Estate Finance

Brandywine Realty

Franklin Resources

Brookfield Corp

Capitol Federal Financial

Community Healthcare Trust

CION Investment Corp

Clipper Realty

Capital Southwest

CTO Realty Growth

Euronet Worldwide

Equifax

Eagle Bancorp

Flushing Financial

Fair Isaac

Flagstar Financial Inc

Guidewire Software

Robinhood

Interactive Brokers

Invesco Mortgage Capital

Janus Henderson Group

Jackson Financial

KeyCorp

Kilroy Realty

KKR Real Estate Finance Trust

Kearny Financial

Lazard

Main Street Capital

New Mountain Finance

NexPoint Diversified Real Estate Trust

Oaktree Specialty Lending

Orchid Island Capital

Blue Owl Capital

Paymentus Holdings

Payoneer Global

PennantPark Floating Rate Capital

Park Hotels & Resorts

PennyMac Mortgage Investment

Prospect Capital

Q2 Hld

Remitly Global

Runway Growth Finance Corp

SEI Investments

Stifel Financial

State Street

Triplepoint Venture Growth BDC

TPG RE Finance Trust

TransUnion

Tradeweb Markets

Upstart Holdings

Virtu Financial

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.

KBW Announces Index Rebalancing for Fourth-Quarter 2024

Carlyle Secured Lending offers an 11% yield, covering its dividend with net investment income, despite a decline in portfolio value and interest income. The non-accrual ratio improved significantly in 3Q24 due to selling underperforming loans, enhancing loan quality, and aligning with peers like Ares Capital. The BDC's portfolio value decreased 8% YoY, primarily due to higher repayments, impacting interest income and potentially the ability to pay supplemental dividends.

Carlyle Secured Lending: An 11% Yield That Is Still Worth Buying

Carlyle Secured Lending Inc. is an overlooked small-cap business development company, or BDC, with solid fundamentals, poised for growth post-merger despite recent earnings misses. The BDC's dividend coverage remains strong at 109%, with a 9.4% yield, making it attractive for income investors in an expensive market. Carlyle's balance sheet is robust, with low leverage, strong liquidity, and investment-grade credit ratings, positioning it well for future challenges.

Carlyle Secured Lending: Stocking Stuffer Yielding 9.4%

Carlyle Secured Lending Inc. is a business development company, or BDC, that fills the financing gap for enterprises struggling to acquire more traditional forms of financing (public or bank). The Company's defensive portfolio provides solid metrics in terms of first-lien exposition and non-accruals. CGBD distinguishes itself with outstanding regular dividend coverage, which should attract investors and drive its premium to NAV higher.

The Market Is Missing Out On Carlyle Secured Lending

NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Carlyle Secured Lending, Inc. (NASDAQ: CGBD ), relating to a proposed merger between CGBD and Carlyle Secured Lending III. Under the terms of the agreement, shareholders of CSL III will receive newly issued shares of CGBD common stock based on an exchange ratio, calculated pursuant to a formula set forth in the merger agreement.

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Carlyle Secured Lending, Inc. – CGBD

Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Thomas Hennigan - Chief Financial Officer Conference Call Participants Bryce Rowe - B. Riley Melissa Wedel - JPMorgan Operator Good day and thank you for standing by and welcome to the Carlyle Secured Lending Inc. Third Quarter 2024 Earnings Conference Call.

Carlyle Secured Lending Inc. (CGBD) Q3 2024 Earnings Call Transcript

Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.52 per share a year ago.

Carlyle Secured Lending, Inc. (CGBD) Q3 Earnings Beat Estimates

BlackRock Science and Technology Trust II

KKR Income Opportunities Fund

Kimbell Royalty Partners

MidCap Financial Investment Corp

Saratoga Investment

TXO Energy Partners LP

WhiteHorse Finance

24/7 Wall Street Insights Dividend stocks offer some of the most flexible options to suit investors of all types who seek passive income.

These 10 Dividend Stocks are Generating $6,000 in Annual Dividend Income

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Wednesday, November 6, 2024 to announce its financial results for the third quarter ended September 30, 2024. A news release containing the quarterly results will be issued on Tuesday, November 5, 2024.

Carlyle Secured Lending, Inc. Schedules Earnings Release and Quarterly Earnings Call to Discuss its Financial Results for the Third Quarter Ended September 30, 2024

Carlyle Secured Lending's merger with CSL III promises higher net investment income, improved liquidity, and better diversification, appealing to passive income investors. The stock trades at a 1% premium to NAV, with potential for re-rating if merger synergies are realized. Despite a 100% floating-rate portfolio, Carlyle Secured Lending's dividend coverage remains strong, with both base and special dividends well-covered.

Carlyle Secured Lending: 11% Yield And Merger-Driven Growth (Upgrade)

NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (Nasdaq: CGBD) (the "Company") today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.750% unsecured notes due 2030 (the "Notes"). The Notes will mature on February 18, 2030 and may be redeemed in whole or in part at the Company's option at the applicable redemption price. The offering is expected to close on October 18, 2024, subject to customary closing conditions.

Carlyle Secured Lending, Inc. Prices Public Offering of $300 Million 6.750% Unsecured Notes Due 2030

Carlyle Secured Lending focuses on high-EBITDA middle market companies and offers a well-covered dividend of $0.47/share, with a robust Q2 performance. CGBD's net investment income of $0.51/share covers the $0.40/share dividend, despite unrealized losses, which could be recouped as interest rates decline. The merger with Carlyle Secured Lending III will increase assets to $2.5B, offering cost savings and reduced dilution through preferred stock conversion at NAV.

Carlyle Secured Lending: Baby Bonds Offer 5.9% YTC For 15 Months

Blackstone Secured Lending Fund

Crescent Capital BDC Inc

Fidus Investment

Gladstone Investment

It is very likely that for most BDCs, the earnings have peaked and the direction of travel is unfavorable. There are both structural and transitory headwinds that put a pressure on earnings, rendering the dividend coverage levels potentially unsustainable. In this article, I share three pillars that have to be in place in BDC dividend investor portfolio to mitigate the risk of experiencing a cut in their income streams.

3 Pillars To Minimize BDC Dividend Cut Risk In Your Portfolio

Carlyle Secured Lending is a promising BDC, benefiting from a merger with Carlyle Secured Lending III, enhancing their liquidity and scale. Despite a miss on their top & bottom lines, dividend coverage was strong and improved leverage, positioning CGBD well for future growth. They currently trade at a slight discount to NAV with the recent pullback of 8%, making CGBD a buy currently.

Carlyle Secured Lending: Recent Pullback, Merger And Discount To NAV Makes Them A Buy (Rating Upgrade)

FS KKR Capital Corp

Horizon Technology Finance

The recent BDC market dynamics indicate that quality will play an important role over the foreseeable future. Looking at the recent quarterly earnings data that have been published by many BDCs, we can see a clear divergence between high quality and aggressive BDCs. In this article, I elaborate on two BDCs that have become more attractive for investors, who prioritize defensive and predictable yield.

2 BDCs That Improved And 2 That Got Worse After Q2 Earnings

Ares Capital

Barings BDC Inc

Bain Capital Specialty Finance Inc

Golub Capital BDC

Goldman Sachs BDC

Blue Owl Capital Corp

PennantPark Investment

Portman Ridge Finance Corp

24/7 Wall Street Insights The current high interest environment has fueled the growth of the private credit market from $875 billion to over $1 trillion in a short time, with a projected $2.8 trillion market by 2027-28.

Need $15,000 Extra Income? These Dividend Stocks May Be the Ticket

Blue Owl Capital Corp III

We take a look at the action in business development companies through the second week of August and highlight some of the key themes we are watching. BDCs underperformed with a total return of -2% due to poor quarterly results or dividend cuts. TriplePoint Venture Growth highlights the disconnect between dividend yield and total NAV return.

BDC Weekly Review: Yield Myopia Ignores The Right Metrics

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Carlyle Secured Lending, Inc. (the “Company”) (NasdaqGS: CGBD) and Carlyle Secured Lending III (“CSL III”). Under the terms of the proposed transaction, CSL III shareholders will receive shares of CGBD based on a ratio determined shortly before the closing of the merger. KSF is seeking to determine whether t.

CARLYLE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Carlyle Secured Lending, Inc. - CGBD

Carlyle Secured Lending's (CGBD) merger with CSL III is projected to offer significant value and advantages to investors in the short term and over the long run.

Carlyle Secured Lending (CGBD) Enters Merger Deal With CSL III

Carlyle Secured Lending has outperformed the BDC market by 12% on a YTD basis. The Q2 earnings report shows solid performance, high dividend coverage, and potential for portfolio growth despite a slight uptick in non-accruals and currently negative net investment volumes. The announced merger with Carlyle Secured Lending III is set to inject multiple synergic benefits, strengthening the financial prospects of CGBD even further.

Carlyle Secured Lending: Strong Quarter With Stronger Future

Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q2 2024 Earnings Conference Call August 5, 2024 10:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Thomas Hennigan - Chief Financial Officer Conference Call Participants Finian O'Shea - WFS Melissa Wedel - JP Morgan Operator Good day and thank you for standing by and welcome to the Carlyle Secured Lending Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Carlyle Secured Lending Inc. (CGBD) Q2 2024 Earnings Call Transcript

Carlyle Secured Lending (CGBD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -6.06% in 4 Weeks, Here's Why Carlyle Secured Lending (CGBD) Looks Ripe for a Turnaround

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Carlyle Secured Lending, Inc. (NASDAQ: CGBD) and Carlyle Secured Lending III (“CSL III”) is fair to CGBD shareholders. Under the terms of the proposed transaction, CSL III shareholders will receive shares of CGBD based on a ratio determined shortly before the closing of the merger. Halper Sadeh encourages CGBD shareholders to click here to learn more about their legal rights and opti.

CGBD Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Carlyle Secured Lending, Inc. Is Fair to Shareholders

Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.52 per share a year ago.

Carlyle Secured Lending, Inc. (CGBD) Q2 Earnings Beat Estimates

NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CGBD” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its second quarter ended June 30, 2024.

Carlyle Secured Lending, Inc. Announces Financial Results For Second Quarter Ended 2024, Declares Third Quarter 2024 Dividends of $0.47 Per Common Share and Announces Merger Agreement with Carlyle Secured Lending III

News for TCG BDC ETF (CGBD)