Carlyle Secured reports lower first-quarter net asset value
11/05/2026 11:42
May 11 - Carlyle Secured Lending CGBD.O reported a decline in first-quarter net asset value on Monday, even as the business development company continued to pay dividends and repurchase shares amid investment repayments and sales that outpaced new purchases. Net asset value per share fell to $15.89 as of March 31 from $16.26 at the end of 2025. Net assets declined to $1.12 billion from $1.17 billion. The company declared $28.1 million in common and preferred dividends during the quarter and repurchased $18.5 million of stock. Carlyle's investment portfolio declined to $2.28 billion at fair value from $2.46 billion at the end of 2025. Repayments and sales totaled $444.4 million in the quarter, compared with $240.9 million of purchases. The portfolio was marked at about 98.7% of amortized cost, down from roughly 99.8% previously. Total investment income rose to $64.1 million from $54.9 million a year earlier, helped by higher interest, payment-in-kind and fee income. The company reported a net decrease in net assets from operations attributable to common shareholders of $4.2 million, or 6 cents per share, compared with an increase of $13.2 million, or 25 cents per share, a year earlier. (Reporting by Patturaja Murugaboopathy in Bengaluru; Editing by Tasim Zahid)