ICMB on Nasdaq
Investcorp Credit Management BDC, Inc.
American company, incorporated in Maryland, listed on Nasdaq (ICMB). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerICMB on Nasdaq1
- HeadquartersNew York, New York1
- Incorporated inMD2
- Business address280 Park Avenue, 39Th Floor, New York, Ny 100172
- Filer categoryNon-accelerated filer2
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Except as otherwise indicated, the terms “we,” “us,” “our,” “Investcorp Credit” and the “Company” refer to Investcorp Credit Management BDC, Inc. (formerly known as CM Finance Inc through August 30, 2019) and “CM Investment Partners” and the “Adviser” refer to our investment adviser and administrator, CM Investment Partners LLC.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|
| Total interest income | $14.6M | $20.3M | $23.8M |
| Total payment-in-kind interest income | $1.5M | $2.1M | $1.3M |
| Total dividend income | $81.6K | $54.1K | $101.8K |
| Total payment-in-kind dividend income | $452.7K | $784.9K | $692.0K |
| Total other fee income | $636.6K | $648.7K | $768.6K |
| Other income | $126.5K | $0 | $0 |
| Total investment income | $17.4M | $23.9M | $26.7M |
| Interest expense | $7.6M | $8.6M | $8.4M |
| Base management fees | $3.5M | $3.8M | $4.2M |
| Income-based incentive fees | -$150.4K | -$72.9K | $401.6K |
| Professional fees | $1.2M | $1.2M | $984.3K |
| Allocation of administrative costs from Adviser | $978.4K | $1.4M | $966.0K |
| Amortization of deferred debt issuance costs | $615.3K | $576.5K | $693.3K |
| Amortization of original issue discount - 2026 Notes | $71.1K | $71.1K | $71.1K |
| Insurance expense | $497.1K | $479.5K | $507.0K |
| Directors' fees | $307.5K | $294.9K | $302.5K |
| Custodian and administrator fees | $294.3K | $316.1K | $292.3K |
| Other expenses | $498.9K | $713.8K | $516.2K |
| Total expenses | $15.4M | $17.4M | $17.3M |
| Waiver of base management fees | -$349.3K | -$365.2K | -$387.3K |
| Waiver of income-based incentive fees | $0 | $0 | $0 |
| Net expenses | $15.0M | $17.0M | $17.0M |
| Net investment income before taxes | $2.4M | $6.9M | $9.7M |
| Income tax expense, including excise tax expense | $447.8K | $267.1K | $294.3K |
| Net investment income after taxes | $1.9M | $6.6M | $9.4M |
| Net realized gain (loss) from investments | -$1.8M | -$14.0M | -$26.9M |
| Net change in unrealized appreciation (depreciation) on investments | -$8.9M | $3.3M | $20.7M |
| Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments | -$10.8M | -$10.7M | -$6.2M |
| Net increase (decrease) in net assets resulting from operations | -$8.8M | -$4.1M | $3.2M |
| Earnings per Common Share - Basic | -$0.61 | -$0.28 | $0.22 |
| Earnings per Common Share - Diluted | -$0.61 | -$0.28 | $0.22 |
| Weighted average shares of common stock outstanding - Basic | 14.4M shares | 14.4M shares | 14.4M shares |
| Weighted average shares of common stock outstanding - Diluted | 14.4M shares | 14.4M shares | 14.4M shares |
| Distributions paid per common share | $0.52 | $0.60 | $0.63 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 7 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Total investments, at fair value | $172.7M | $191.6M | $184.6M | ||
| Cash and cash equivalents | $4.6M | $771.5K | $158.8K | $1.1M | |
| Restricted cash and cash equivalents | $10.4M | $11.3M | $5.0M | $8.1M | |
| Principal receivable | $55.4K | $720.9K | $50.6K | ||
| Interest receivable | $808.7K | $1.6M | $1.3M | ||
| Payment-in-kind interest receivable | $190.8K | $85.4K | $66.6K | ||
| Short-term receivable | $0 | $160.9K | $0 | ||
| Long-term receivable | $0 | $489.4K | $631.7K | ||
| Escrow receivable | $0 | $0 | $97.2K | ||
| Prepaid expenses and other assets | $124.9K | $97.3K | $411.8K | ||
| Total Assets | $188.8M | $206.9M | $192.2M | ||
| Revolving credit facility | $58.9M | $58.5M | $43.0M | ||
| 2026 Notes payable | $65.0M | $65.0M | $65.0M | ||
| Deferred debt issuance costs | -$754.1K | -$1.4M | -$1.7M | ||
| Unamortized discount | -$17.8K | -$88.9K | -$124.4K | ||
| Debt, net | $123.1M | $122.0M | $106.2M | ||
| Payable for investments purchased | $0 | $1.5M | $7.4M | ||
| Interest payable | $1.9M | $1.9M | $2.0M | ||
| Dividend payable | $0 | $1.7M | $0 | ||
| Base management fees payable | $787.0K | $769.2K | $816.8K | ||
| Income-based incentive fees payable | $351.6K | $502.0K | $128.9K | ||
| Deferred income liability | $440.1K | $0 | $0 | ||
| Directors' fees payable | $0 | $81.3K | $0 | ||
| Accrued expenses and other liabilities | $916.9K | $757.1K | $685.3K | ||
| Total Liabilities | $127.5M | $129.2M | $117.2M | ||
| Common stock, par value $0.001 per share (100,000,000 shares authorized and 14,432,472, 14,406,244, and 14,403,752 shares issued and outstanding, respectively) | $14.4K | $14.4K | $14.4K | ||
| Additional paid-in capital | $203.1M | $203.5M | $203.1M | ||
| Distributable earnings (loss) | -$141.8M | -$125.9M | -$128.1M | -$115.6M | |
| Total Net Assets | $61.3M | $77.6M | $75.0M | ||
| Total Liabilities and Net Assets | $188.8M | $206.9M | $192.2M | ||
| Net Asset Value Per Share | $4.25 | $5.39 | $5.21 | $6.09 | $6.50 |
| Affiliated investment at amortized cost | $190.5M | $200.5M | $204.5M | ||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Common stock, shares issued | 14.4M shares | 14.4M shares | 14.4M shares | ||
| Common stock, shares outstanding | 14.4M shares | 14.4M shares | 14.4M shares | 14.4M shares | 14.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
|---|---|---|---|---|---|---|---|
| Total investments, at fair value | $172.7M | $191.6M | $184.6M | ||||
| Cash and cash equivalents | $4.6M | $771.5K | $158.8K | $1.1M | |||
| Restricted cash and cash equivalents | $10.4M | $11.3M | $5.0M | $8.1M | |||
| Principal receivable | $55.4K | $720.9K | $50.6K | ||||
| Interest receivable | $808.7K | $1.6M | $1.3M | ||||
| Payment-in-kind interest receivable | $190.8K | $85.4K | $66.6K | ||||
| Short-term receivable | $0 | $160.9K | $0 | ||||
| Long-term receivable | $0 | $489.4K | $631.7K | ||||
| Escrow receivable | $0 | $0 | $97.2K | ||||
| Prepaid expenses and other assets | $124.9K | $97.3K | $411.8K | ||||
| Total Assets | $188.8M | $206.9M | $192.2M | ||||
| Revolving credit facility | $58.9M | $58.5M | $43.0M | ||||
| 2026 Notes payable | $65.0M | $65.0M | $65.0M | ||||
| Deferred debt issuance costs | -$754.1K | -$1.4M | -$1.7M | ||||
| Unamortized discount | -$17.8K | -$88.9K | -$124.4K | ||||
| Debt, net | $123.1M | $122.0M | $106.2M | ||||
| Payable for investments purchased | $0 | $1.5M | $7.4M | ||||
| Interest payable | $1.9M | $1.9M | $2.0M | ||||
| Dividend payable | $0 | $1.7M | $0 | ||||
| Base management fees payable | $787.0K | $769.2K | $816.8K | ||||
| Income-based incentive fees payable | $351.6K | $502.0K | $128.9K | ||||
| Deferred income liability | $440.1K | $0 | $0 | ||||
| Directors' fees payable | $0 | $81.3K | $0 | ||||
| Accrued expenses and other liabilities | $916.9K | $757.1K | $685.3K | ||||
| Total Liabilities | $127.5M | $129.2M | $117.2M | ||||
| Common stock, par value $0.001 per share (100,000,000 shares authorized and 14,432,472, 14,406,244, and 14,403,752 shares issued and outstanding, respectively) | $14.4K | $14.4K | $14.4K | ||||
| Additional paid-in capital | $203.1M | $203.5M | $203.1M | ||||
| Distributable earnings (loss) | -$141.8M | -$125.9M | -$128.1M | -$115.6M | |||
| Total Net Assets | $61.3M | $77.6M | $75.0M | ||||
| Total Liabilities and Net Assets | $188.8M | $206.9M | $192.2M | ||||
| Net Asset Value Per Share | $4.25 | $5.39 | $5.21 | $6.09 | $6.50 | $6.92 | $7.79 |
| Affiliated investment at amortized cost | $190.5M | $200.5M | $204.5M | ||||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | 100.0M shares | ||||
| Common stock, shares issued | 14.4M shares | 14.4M shares | 14.4M shares | ||||
| Common stock, shares outstanding | 14.4M shares | 14.4M shares | 14.4M shares | 14.4M shares | 14.4M shares | 13.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-06-30 | 2023-06-30 |
|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations | -$8.8M | -$4.1M | $3.2M |
| Origination and purchase of investments | -$32.0M | -$62.5M | -$51.3M |
| Payment in-kind interest and dividends | -$1.8M | -$2.9M | -$2.0M |
| Sales and repayments of investments | $43.2M | $92.3M | $61.9M |
| Net realized (gain) loss on investments | $1.8M | $14.0M | $26.9M |
| Net change in unrealized appreciation/depreciation on investments | $8.9M | -$3.3M | -$20.7M |
| Amortization of discount/premium on investments | -$1.2M | -$2.0M | -$1.3M |
| Amortization of deferred debt issuance costs | $615.3K | $576.5K | $693.3K |
| Amortization of original issue discount | $71.1K | $71.1K | $71.1K |
| Principal receivable | $665.5K | $43.0K | $741.5K |
| Interest receivable | $767.7K | $740.4K | $256.6K |
| Payment-in-kind interest receivable | -$105.4K | -$20.5K | -$44.0K |
| Short-term receivable | $160.9K | $0 | $0 |
| Long-term receivable | $489.4K | -$631.7K | $0 |
| Escrow receivable | $0 | -$97.2K | $0 |
| Other receivables | $0 | $1.1K | -$1.1K |
| Prepaid expenses and other assets | -$27.6K | -$50.1K | $48.7K |
| Payable for investments purchased | -$1.5M | $5.6M | $1.5M |
| Interest payable | -$7.5K | -$342.8K | $719.4K |
| Base management fees payable | $17.8K | -$89.4K | -$147.8K |
| Income-based incentive fees payable | -$150.4K | -$447.1K | $393.9K |
| Deferred income liability | $440.1K | $0 | $0 |
| Directors fees payable | -$81.3K | -$15.8K | -$5.0K |
| Accrued expenses and other liabilities | $159.8K | $240.2K | -$375.0K |
| Net cash (used in) provided by operating activities | $11.7M | $37.1M | $20.7M |
| Payments for deferred financing costs | $0 | -$1.0M | $0 |
| Repurchases of common shares | -$39.2K | $0 | $0 |
| Distributions to stockholders | -$9.1M | -$11.2M | -$8.6M |
| Proceeds from borrowing on revolving financing facility | $20.5M | $37.1M | $46.9M |
| Repayments of borrowing on revolving financing facility | -$20.1M | -$66.0M | -$59.0M |
| Net cash (used in) provided by financing activities | -$8.8M | -$41.1M | -$20.7M |
| Net change in cash and cash equivalents | $2.9M | -$4.0M | -$3.9K |
| Cash paid for interest | $7.6M | $8.9M | $7.7M |
| Cash paid for taxes | $470.0K | $267.1K | $294.3K |
| Issuance of shares pursuant to Dividend Reinvestment Plan | $110.5K | $40.2K | $21.7K |
| Non-cash purchase of investments | $11.3M | -$37.0M | -$16.9M |
| Non-cash sale of investments | -$11.3M | $37.0M | $16.9M |
No quarter-by-quarter statement was filed.
Compare Investcorp Credit Management BDC, Inc. with another company
Leadership
Who has led Investcorp Credit Management BDC, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerSuhail A. Shaikh Dec 11, 2024 to Dec 17, 202410
- Chief executive officerMichael Mauer Feb 5, 2014 to Mar 11, 202011
- PresidentSuhail A. Shaikh Feb 6, 2023 to Dec 17, 202412
- Chief financial officerWalter Tsin Jul 2, 2024 to Jul 2, 202413
- Chief financial officerRocco Delguercio Jun 1, 2016 to May 18, 201814
- Chief financial officerJai Agarwal Sep 16, 2014 to Sep 16, 201415
- Chief operating officerRobert Andrew Muns Apr 3, 2025 to Apr 3, 202516
Board members and other officers (12)
- OfficerRocco Delguercio Sep 20, 2018 to Sep 2, 202117
- Chief Compliance OfficerGerald Cummins Feb 3, 2016 to Feb 3, 201618
- OfficerAnthony Scire Feb 5, 2014 to Feb 5, 201419
- Chief Compliance OfficerEdward J. Cook Feb 5, 2014 to Feb 5, 201420
- OfficerJai Agarwal Sep 12, 2014 to Sep 12, 201421
- Board memberSuhail A. Shaikh Dec 11, 2024 to Dec 17, 202410
- Board memberLee Michael Shaiman May 15, 2020 to Dec 10, 202022
- Board memberJulie Persily Feb 5, 2014 to Dec 16, 201423
- Board memberKeith Lee Feb 5, 2014 to Mar 23, 202024
- Board memberMichael Mauer Feb 5, 2014 to Mar 11, 202011
- Board memberRobert T. Wagner Feb 5, 2014 to Aug 12, 201425
- Board memberStephan Kuppenheimer Feb 5, 2014 to Nov 24, 201426
Former names
- CM Finance IncJul 9, 2013 to Aug 28, 20192
Timeline
Filings
80 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 33 major events, 7 insider forms, 7 large holders, 13 other. The latest 20:
- Aug 14, 202610-Q EDGAR
- Jun 2, 20268-K EDGAR
- May 13, 20268-K EDGAR
- May 13, 202610-Q EDGAR
- May 8, 20268-K EDGAR
- Apr 23, 20268-K EDGAR
- Apr 20, 20268-K EDGAR
- Apr 2, 20268-K EDGAR
- Mar 31, 202610-K EDGAR
- Feb 13, 2026SCHEDULE 13G EDGAR
- Dec 22, 20258-K EDGAR
- Nov 17, 20258-K EDGAR
- Nov 12, 202510-Q EDGAR
- Nov 10, 2025DEF 14A EDGAR
- Aug 14, 20258-K EDGAR
- Aug 13, 202510-Q EDGAR
- Jul 18, 20258-K EDGAR
- May 15, 20258-K EDGAR
- May 14, 202510-Q EDGAR
- Apr 3, 20253 EDGAR
The 80 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
3 open-market trades by officers, directors and large owners since October 2021: 2 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 16, 2024 | Shaikh Suhail A.President & CEO | Buy | 2,500 | $3.21 | $8.0K | Form 4 |
| Dec 10, 2024 | Shaikh Suhail A.President & CEO | Buy | 4,500 | $3.22 | $14.5K | Form 4 |
| May 5, 2022 | CYRUS CAPITAL PARTNERS, L.P.10% owner | Sale | 2,165,000 | $6.93 | $15.0M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Bulldog Investors, LLPSCHEDULE 13G, 1 filing Feb 13, 202627
- CYRUS CAPITAL PARTNERS, L.P.SC 13D/A, 4 filings May 9, 2022 to Mar 12, 202428
- S.a. InvestcorpSC 13D/A, 1 filing May 10, 202229
- KENNEDY CAPITAL MANAGEMENT LLCSC 13G/A, 1 filing Feb 14, 202230
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Bulldog Investors, LLP | 596,780 | $698.2K | 0.2% | No change |
| Coppell Advisory Solutions LLC | 19 | $438.8K | 0.0% | New |
| Founders Financial Alliance, LLC | 255,329 | $298.7K | 0.0% | −40,465 |
| Black Maple Capital Management LP | 172,630 | $202.0K | 0.1% | New |
| Susquehanna International Group, Llp | 38,657 | $45.2K | 0.0% | New |
| Citadel Advisors LLC | 35,918 | $42.0K | 0.0% | New |
| Squarepoint Ops LLC | 29,277 | $34.3K | 0.0% | New |
| North Ground Capital | 28,000 | $32.8K | 0.0% | +2,614 |
| XTX Topco Ltd | 17,185 | $20.1K | 0.0% | New |
| Geode Capital Management, LLC | 16,938 | $19.8K | 0.0% | No change |
| Raymond James Financial Inc | 11,125 | $13.0K | 0.0% | −12 |
| International Assets Investment Management, LLC | 4,800 | $4.4K | 0.0% | No change |
| UBS Group AG | 2,329 | $2.7K | 0.0% | −909 |
| Triumph Capital Management | 1,000 | $1.2K | 0.0% | No change |
| MTM Investment Management, LLC | 500 | $585 | 0.0% | No change |
| Morgan Stanley | 363 | $425 | 0.0% | −962 |
| Simplex Trading, LLC | 333 | $389 | 0.0% | New |
| Virtu Financial LLC | 12,991 | $15 | 0.0% | New |
| Caitong International Asset Management Co., Ltd | 5 | $6 | 0.0% | New |
| Wells Fargo & Company/mn | 0 | $0 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARSuhail A. Shaikh, President
- 13SEC EDGARWalter Tsin, Chief financial officer
- 14
- 15SEC EDGARJai Agarwal, Chief financial officer
- 16
- 17SEC EDGARRocco Delguercio, Officer
- 18
- 19SEC EDGARAnthony Scire, Officer
- 20
- 21SEC EDGARJai Agarwal, Officer
- 22SEC EDGARLee Michael Shaiman, Board member
- 23SEC EDGARJulie Persily, Board member
- 24SEC EDGARKeith Lee, Board member
- 25SEC EDGARRobert T. Wagner, Board member
- 26SEC EDGARStephan Kuppenheimer, Board member
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- 28
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- 30