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BCP Investment Corporation (BCIC) investor relations material
BCP Investment Corporation Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed merger with Logan Ridge Finance Corporation on July 15, 2025, rebranding as BCP Investment Corporation and trading under "BCIC" on NASDAQ, enhancing scale, diversification, and operating efficiencies.
Issued 3.98 million shares for the acquisition, recognizing a $20.9 million purchase discount allocated to acquired assets.
Reported strong third-quarter results, the first as a combined entity, with significant growth in investment and net investment income.
Issued $110 million in new notes in October 2025 and initiated a $10 million share repurchase program, including a Dutch Auction tender offer.
Transitioning to monthly base distributions in 2026, with potential for quarterly supplemental distributions.
Financial highlights
Net investment income for Q3 2025 was $8.8 million ($0.71/share), up from $4.6 million ($0.50/share) in Q2 2025 and $5.8 million ($0.63/share) in Q3 2024.
Total investment income for Q3 2025 was $18.9 million, up from $12.6 million in Q2 2025 and $15.2 million in Q3 2024.
Net asset value (NAV) increased to $231.3 million ($17.55/share) as of September 30, 2025, up from $164.7 million ($17.89/share) at June 30, 2025.
Net increase in net assets from operations for Q3 2025 was $23.6 million ($1.88/share).
Declared a regular quarterly base distribution of $0.47/share, payable November 25, 2025.
Outlook and guidance
Management anticipates continued benefits from expanded scale, focusing on disciplined capital allocation and attractive risk-adjusted returns.
Monthly base distributions to begin in 2026, with the option for quarterly supplemental payouts.
Plans to repurchase up to 10% of outstanding common stock by year-end through tender offer, buybacks, and open market purchases.
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