Big drop in NAV at TICC Capital

• Q4 adjusted net investment income of $0.26 per share vs. core NII of $0.277 in Q3 (this quarter included a nickel of accelerated expenses which brought core NII to $0.21). Distribution is $0.27.
• As of quarter's end, one loan is on non-accrual status with par amount of about $12.8M and fair value of about $6.7M.
• Weighted-average yield on debt investments of 7.8% down 20 basis points from last quarter. Weighted-average yield on CLO equity investments of 23.3% is flat.
• Net asset value per share of $8.64 down from $9.40. Last night's close was $7.80.
• TICC -1.15% premarket
• Earnings call at 10 ET
• Previously: TICC Capital misses by $0.02, misses on revenue (Feb. 26)