Capital Southwest Corp (NASDAQ:CSWC) Q3 2023 Earnings Conference Call January 31, 2023 11:00 AM ET

Company Participants

Chris Rehberger - VP, Finance and Treasurer

Bowen Diehl - President, Chief Executive Officer and Director

Michael Sarner - Chief Financial Officer

Conference Call Participants

Mickey Schleien - Ladenburg

Kevin Fultz - JMP Securities

Bryce Rowe - B. Riley

Erik Zwick - Hovde Group

Robert Dodd - Raymond James

Operator

Thank you for joining today's Capital Southwest Third Quarter Fiscal Year 2023 Earnings Call. Participating on the call today are Bowen Diehl, CEO; Michael Sarner, CFO; and Chris Rehberger, VP Finance.

I will now turn the call over to Chris Rehberger.

Chris Rehberger

Thank you. I'd like to remind everyone that in the course of this call, we will be making certain forward-looking statements. These statements are based on current conditions, currently available information and management's expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from such statements.

For information concerning these risks and uncertainties, see Capital Southwest's publicly available filings with the SEC. The company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release, except as required by law.

I will now hand the call off to our President and Chief Executive Officer, Bowen Diehl.

Bowen Diehl

Thanks Chris, and thank you to everyone for joining us for our third quarter fiscal year 2023 earnings call.

We are pleased to be with you this morning and look forward to giving you an update on the performance of our company and our portfolio as we continue to diligently execute our investment strategy as steward of your capital. Throughout our prepared remarks, we will refer to various slides in our earnings presentation, which can be found on our website at www.capital southwest.com. You also find our quarterly earnings press release issued last evening on our website.

We'll begin on slide six of the earnings presentation where we have summarized some of the key performance highlights for the quarter. During the quarter, we generated pretax net investment income of $0.60 per share, which represented 11% growth over the $0.54 per share generated in the prior quarter and 18% growth over the $0.51 per share generated a year ago in the December quarter. The $0.60 per share more than earned a regular dividend paid during the quarter of $0.52 per share, while also covering the supplemental dividend paid during the December quarter of $0.05 per share.