Strong Net Investment Income
Net investment income for the quarter was $0.32 per share compared to $0.28 per share in the second quarter, indicating a growth in earnings.
High Portfolio Origination
Barings originated positions now make up 95% of the BBDC portfolio at fair value, up from 76% at the beginning of 2022.
Stable Dividend Payout
Board declared a fourth quarter dividend of $0.26 per share, consistent with the prior quarter, equating to a 9.4% yield on net asset value.
Positive Portfolio Rotation
The portfolio rotation is beginning to show benefits with a weighted average spread on new investments above 560 basis points.
Resilient Portfolio Quality
Non-accruals excluding Sierra CSA accounted for only 0.4% of the assets on a fair value basis, demonstrating strong credit management.