Investcorp Credit Management BDC, Inc. Cancels Conference Call and Advises Investors Not to Rely on Previously Issued Press Release Containing Financial Results for the Quarter Ended December 31, 2023
February 13 2024 - 9:34AM
Business Wire
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) (the
“Company”) announced today that it has cancelled its conference
call for the second quarter ended December 31, 2023, initially
scheduled for today, February 13, 2024, at 1:00 p.m. Eastern Time,
and that investors should not rely on the press release it issued
on February 12, 2024 containing its financial results for the
second quarter ended December 31, 2023. The Company will also delay
the filing of its Form 10-Q for the second quarter ended December
31, 2023 with the SEC until it can complete its review of whether
certain expenses had been properly accrued in the correct periods
and, if not, the impact of any such adjustments on its consolidated
financial statements.
About Investcorp Credit Management BDC, Inc.
The Company is an externally managed, closed-end,
non-diversified management investment company that has elected to
be regulated as a business development company under the Investment
Company Act of 1940. The Company’s investment objective is to
maximize the total return to its stockholders in the form of
current income and capital appreciation through debt and related
equity investments by targeting investment opportunities with
favorable risk-adjusted returns. The Company seeks to invest
primarily in middle-market companies that have annual revenues of
at least $50 million and earnings before interest, taxes,
depreciation, and amortization of at least $15 million. The
Company’s investment activities are managed by its investment
adviser, CM Investment Partners LLC. To learn more about Investcorp
Credit Management BDC, Inc., please visit www.icmbdc.com.
Forward-Looking Statements
Statements included in this press release may contain
“forward-looking statements,” which relate to future performance,
operating results, events and/or financial condition. Words such as
“anticipates,” “expects,” “intends,” “plans,” “will,” “may,”
“continue,” “believes,” “seeks,” “estimates,” “would,” “could,”
“should,” “targets,” “projects,” and variations of these words and
similar expressions are intended to identify forward-looking
statements. Any forward-looking statements, including statements
other than statements of historical facts, included in this press
release are based upon current expectations, are inherently
uncertain, and involve a number of assumptions and substantial
risks and uncertainties, many of which are difficult to predict and
are generally beyond the Company’s control.
Investors are cautioned not to place undue reliance on these
forward-looking statements. Any such statements are likely to be
affected by other unknowable future events and conditions, which
the Company may or may not have considered, including, without
limitation, changes in base interest rates and the effects of
significant market volatility on our business, our portfolio
companies, our industry and the global economy. Accordingly, such
statements cannot be guarantees or assurances of any aspect of
future performance or events. Actual results may differ materially
from those anticipated in any forward-looking statements as a
result of a number of factors and risks. More information on these
risks and other potential factors that could affect actual events
and the Company’s performance and financial results, including
important factors that could cause actual results to differ
materially from plans, estimates or expectations included herein or
discussed on the earnings call, is or will be included in the
Company’s filings with the SEC, including in the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” sections of the Company’s Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking
statements speak only as of the date they are made. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240213644768/en/
Investcorp Credit Management BDC, Inc. Investor Relations Email:
icmbinvestorrelations@investcorp.com Phone:(646) 690-5047
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