Add as a preferred source on GoogleBCP Investment’s Total Investment Income Falls 26.7% in Q3
Net investment income fell to $4.58 million from $8.85 million a year earlier, and basic NII per share declined to $0.37 from $0.71.
BCP Investment Corporation (NASDAQ: BCIC) had third-quarter total investment income of $13.89 million, down 26.7% from a year earlier, while net investment income also fell.
Net investment income was $4.58 million, compared with $8.85 million in the year-earlier quarter. Basic net investment income per share declined to $0.37 from $0.71.
BCP deployed about $3.1 million during the quarter, while repayments and sales totaled about $8.9 million, leaving about $5.8 million in net repayments and sales. CEO Ted Goldthorpe said NII continued to reflect elevated portfolio repayments, which continued to outpace new deployments.
The company scheduled a call to discuss the results for 8 a.m. ET Thursday, Nov. 12.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.