Thu, Sep. 1, 4:16 PM
Tue, Aug. 30, 4:22 PM
- The lending syndicate is led by ING Capital, and an accordion feature allows for an expansion up to $150M. Interest is Libor plus 3.25%, with no Libor floor.
Mon, Aug. 8, 5:56 PM
Tue, Jun. 7, 9:16 PM
Tue, Mar. 1, 4:41 PM
- Capital Southwest (NASDAQ:CSWC) declares $0.04/share quarterly dividend.
- Forward yield 1.15%
- Payable March 31; for shareholders of record March 15; ex-div March 11.
Mon, Feb. 8, 4:09 PM
- Capital Southwest (NASDAQ:CSWC): FQ3 NII of $0.04
- Total investment income of $3.3M (+200.0% Y/Y)
Mon, Jan. 25, 4:33 PM
- The company intends to make use of the authorization during those times when the stock price is trading south of NAV.
- About a $15 stock following the spinoff of its industrial goods and specialty chemicals businesses late last year, CSWC closed today at $13.79. NAV today is somewhere in the area of $17 per share.
Nov. 4, 2015, 1:24 PM
- Capital Southwest (NASDAQ:CSWC): FQ2 EPS of -$0.09
Oct. 2, 2015, 12:40 PM
Oct. 1, 2015, 12:30 PM
Sep. 10, 2015, 10:18 AM
- The partnership has formed the I-45 SLF LLC fund that will invest mostly in senior secured loans in the upper middle market. The initial capital commitment is $85M, with $17M coming from Main Street (MAIN -0.2%) and $68M from Capital Southwest (CSWC +1%).
- The two expect to begin funding loans for the fund later this month.
Apr. 24, 2015, 2:37 PM
- Capital Southwest (NASDAQ:CSWC) declares $0.10/share semi-annual dividend, in line with previous.
- Forward yield 0.42%
- Payable May 29; for shareholders of record May 14; ex-div May 12.
Oct. 27, 2014, 4:45 PM
- Capital Southwest (NASDAQ:CSWC) declares $0.10/share semi annual dividend, in line with previous.
- Forward yield 0.56%
- Payable Nov. 28; for shareholders of record Nov. 14; ex-div Nov. 12.
Apr. 24, 2014, 5:50 PM
- Capital Southwest (CSWC) declares $0.10/share semi - annual dividend, in line with previous.
- Forward yield 0.56%
- Payable May 30; for shareholders of record May 15; ex-div May 13.
Feb. 26, 2014, 1:16 PM
- WIth business development companies getting the boot from S&P indices, will the Russell follow suit? It's a significant issue as investors are far more heavily invested in BDCs though the Russell indices than through S&P, writes Brendan Conway. He notes ownership of BDCs by Russell-tracking index funds are as high as 38 days worth of trading volume, and Wells Fargo estimates there are 24 BDCs where 10 or more days of average volume would be required to unload them.
- Wells, however, does not see Russell following S&P's lead, with item #1 being Russell's desire to "represent small cap reality." "Russell Indices receive acclaim because they are willing to provide investors access to the true investable small cap universe. To the extent BDCs are excluded, this would deprive investors the opportunity to invest in what has become a very large/growing industry."
- The following list is those BDCs with 10 or more days of average volume in index funds tracking Russell indices.
- NGPC 38.23 days of volume, CSWC 29 days, SCM 23.5, FDUS 20.7, GARS 20, MVC 19.7, SUNS 18, WHF 17.8, SLRC 17.2, CPTA 16, MCGC 15.1, BKCC 14.9, TCRD 14, HRZN 14, TCAP 13.9, PNNT 13.3, HTGC 12.6, TICC 12.6, GLAD, 12.4, GBDC 12.3, KCAP 12.2, TAXI 11.8, MAIN 11.4, NMFC 9.98.
- Related ETFs: BDCL, BDCS, BIZD
- Other major names - no doubt included in the indices, but whose holdings are less than 10 days of average trading volume: PSEC, FSC, ARCC, AINV, MCC, HTGC, TCPC, FULL, GBDC
Oct. 23, 2013, 5:39 PM
- Capital Southwest (CSWC) declares $0.10/share semi annual dividend, in line with previous
- Forward yield 0.60%
- Payable Nov. 29; for shareholders of record Nov. 15; ex-div Nov. 13.