The following is a summary of the Capital Southwest (CSWC) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Capital Southwest's total investment portfolio grew by 22% to $1.5 billion for FY 2024.

• Pre-tax net investment income increased 18% to $2.72 per share.

• Regular dividends paid to shareholders increased 10% to $2.24 per share for the fiscal year.

• A total return for shareholders of 56% was reported, positioning the company among the top-performing public BDCs.

• The company reduced its regulatory leverage to $0.82 debt-to-equity as of the end of the fiscal year.

Business Progress:

• Portfolio growth was driven by $157.5 million in new commitments to six new portfolio companies and five existing portfolio companies.

• The company raised nearly $50 million in gross equity proceeds during the quarter through its equity ATM program and closed a new senior secured SPV credit facility, diversifying its revenue sources.

• It commenced the licensing process for its second SBIC license and announced promotions within its management team.

• The company expects to distribute quarterly supplemental dividends in the foreseeable future, and also expressed confidence in their portfolio, stating that the impact of non-accruals on earnings is minimal.

• The company is exploring partnership opportunities and intends to organically expand their portfolio and share of deals.

More details: Capital Southwest Corp IR

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