--- title: "First Eagle Alternative Pref Share FCRX 5 05/25/26 | 8-K: FY2026 Q1 Revenue: USD 37.91 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286320380.md" datetime: "2026-05-13T21:26:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286320380.md) - [en](https://longbridge.com/en/news/286320380.md) - [zh-HK](https://longbridge.com/zh-HK/news/286320380.md) generator: "portal-rs" --- # First Eagle Alternative Pref Share FCRX 5 05/25/26 | 8-K: FY2026 Q1 Revenue: USD 37.91 M Revenue: As of FY2026 Q1, the actual value is USD 37.91 M. EPS: As of FY2026 Q1, the actual value is USD -0.42. EBIT: As of FY2026 Q1, the actual value is USD -4.785 M. #### Net Investment Income and Net Income Crescent Capital BDC, Inc. reported net investment income of $0.42 per share and net income of - $0.42 per share for the quarter ended March 31, 2026. Net investment income was $15.5 million for the three months ended March 31, 2026, compared to $16.5 million for the quarter ended December 31, 2025, and $16.6 million for the quarter ended March 31, 2025. The net increase (decrease) in net assets resulting from operations was - $15.5 million for the three months ended March 31, 2026, compared to $8.5 million for the quarter ended December 31, 2025, and $3.9 million for the quarter ended March 31, 2025. Net investment income per share was $0.42 for the three months ended March 31, 2026, down from $0.45 for both the quarter ended December 31, 2025, and March 31, 2025. #### Net Asset Value (NAV) Net asset value per share was $18.27 at March 31, 2026, compared to $19.10 at December 31, 2025, and $19.62 at March 31, 2025. Total net assets were $674.0 million at March 31, 2026, down from $706.0 million at December 31, 2025. #### Dividends The Board of Directors declared a second quarter 2026 regular cash dividend of $0.34 per share, payable on July 15, 2026. Additionally, a series of special cash dividends totaling $0.09 per share, related to undistributed taxable income, will be paid in three equal quarterly installments of $0.03 per share. Regular distributions paid per share were $0.42 for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025. No special distributions were paid per share for the quarters ended March 31, 2026, and December 31, 2025, while $0.05 per share was paid for the quarter ended March 31, 2025. #### Investments As of March 31, 2026, the Company held investments in 192 portfolio companies with an aggregate fair value of $1,562.5 million, a slight decrease from 184 portfolio companies with an aggregate fair value of $1,569.4 million as of December 31, 2025. Total investments at fair value were $1,562.5 million at March 31, 2026, compared to $1,569.4 million at December 31, 2025, and $1,620.7 million at March 31, 2025. Investment activity for the quarter ended March 31, 2026, included $114.9 million invested across fourteen new portfolio companies and follow-on fundings, with aggregate exits, sales, and repayments of $93.1 million. For the quarter ended December 31, 2025, the Company invested $70.8 million across five new portfolio companies and follow-on fundings, with aggregate exits, sales, and repayments of $78.1 million. #### Portfolio Asset Types (Fair Value and Percentage as of March 31, 2026) - Senior secured first lien: $377.0 million (24.2%) - Unitranche first lien: $1,044.0 million (66.7%) - Unitranche first lien - last out: $18.8 million (1.2%) - Senior secured second lien: $3.7 million (0.2%) - Unsecured debt: $18.1 million (1.2%) - Equity & other: $69.6 million (4.5%) - LLC/LP equity interests: $31.3 million (2.0%) #### Total Assets and Liabilities Total assets were $1,617.7 million at March 31, 2026, compared to $1,622.1 million at December 31, 2025. Total liabilities were $943.6 million at March 31, 2026, up from $916.1 million at December 31, 2025. #### Investment Income Investment income decreased to $37.9 million for the quarter ended March 31, 2026, from $40.8 million for the quarter ended December 31, 2025, and $42.1 million for the quarter ended March 31, 2025. Interest income decreased to $34.5 million for the quarter ended March 31, 2026, from $37.7 million for the quarter ended December 31, 2025, primarily due to debt restructuring and a decrease in benchmark rates. Dividend income increased to $3.0 million for the quarter ended March 31, 2026, from $2.3 million for the quarter ended December 31, 2025. Other income was $0.4 million and $0.8 million for the quarters ended March 31, 2026, and December 31, 2025, respectively. #### Expenses Total net expenses, including income and excise taxes, were $22.4 million for the quarter ended March 31, 2026, compared to $24.4 million for the quarter ended December 31, 2025. Total expenses were $23.3 million for the three months ended March 31, 2026, compared to $25.1 million for the three months ended March 31, 2025. Management fees waiver was - $7 thousand for Q1 2026 and - $20 thousand for Q1 2025. Income based incentive fees waiver was - $1,412 thousand for Q1 2026 and - $32 thousand for Q1 2025. #### Net Realized and Unrealized Gains (Losses) Net realized gains (losses) were - $11.6 million for the three months ended March 31, 2026, compared to $3.2 million for the quarter ended December 31, 2025, and - $6.5 million for the quarter ended March 31, 2025. Net change in unrealized gains (losses) was - $19.4 million for the three months ended March 31, 2026, compared to - $11.2 million for the quarter ended December 31, 2025, and - $6.2 million for the quarter ended March 31, 2025. #### Liquidity and Capital Resources As of March 31, 2026, Crescent Capital BDC, Inc. had $26.6 million in cash, cash equivalents, and restricted cash, and $206.2 million of undrawn capacity on its credit facilities. The weighted average cost of debt on its outstanding debt was 6.09% as of March 31, 2026. The Company’s net debt to equity ratio was 1.32x as of March 31, 2026. #### Operational Metrics The weighted average yield on income producing securities (at cost) was 9.8% for the quarter ended March 31, 2026, compared to 10.0% for the quarter ended December 31, 2025, and 10.4% for the quarter ended March 31, 2025. The percentage of debt investments at floating rates was 99.2% at March 31, 2026, 98.0% at December 31, 2025, and 97.2% at March 31, 2025. #### Outlook / Guidance Effective April 1, 2026, the Company reduced its base management fee from 1.25% to 1.00% and its incentive fee from 17.5% to 15.0%. 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