NEW YORK - Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB), a business development company, has cancelled its earnings conference call scheduled for today and advised investors not to rely on its previously issued financial results for the quarter ended December 31, 2023. The company also announced the postponement of its Form 10-Q filing with the Securities and Exchange Commission (SEC), originally due for the same quarter.
The decision to cancel the earnings call and delay the SEC filing arises from an ongoing review related to the accrual of certain expenses. The company is assessing whether these expenses were accurately recorded in the correct periods and is evaluating the potential impact of any necessary adjustments on its consolidated financial statements.
Investcorp Credit Management BDC, which focuses on debt and related equity investments in middle-market companies, is managed by CM (TSX:CM) Investment Partners LLC. The company aims to maximize total return to its shareholders through current income and capital appreciation. It targets firms with annual revenues of at least $50 million and EBITDA of at least $15 million.
This update is based on a press release statement from Investcorp Credit Management BDC, Inc.
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