Fidus Investment reports Q1 adjusted NII 54c, consensus 54c

Reports Q1 revenue $36.5M, consensus $35.7M. “We continued to build our portfolio of debt and equity investments in a methodical and disciplined manner during the first quarter by investing in high quality businesses with defensive characteristics and resilient business models that generate high levels of cash flow to service debt and support growth. We also monetized two equity investments for a net realized gain of $11.5M, or 33c per share, which contributed to the increase in NAV,” said Edward Ross, Chairman and CEO of Fidus Investment (FDUS) Corporation. “Our portfolio remains well diversified and healthy overall, and constructed to generate attractive risk-adjusted returns over time for the benefit of our shareholders.”