Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q1 2023 Earnings Conference Call May 11, 2023 12:00 PM ET
Company Participants
Dan McMahon - Vice President & Head-Investor Relations
Jason Breaux - Chief Executive Officer & President
Henry Chung - Managing Director
Gerhard Lombard - Chief Financial Officer
Conference Call Participants
Ryan Lynch - KBW
Finian O'Shea - Wells Fargo Securities
Operator
Good afternoon, ladies and gentlemen, and welcome to the Q1 2023 Crescent Capital BDC, Inc. Earnings Conference Call. [Operator Instructions] Also note that this call is being recorded on Thursday May 11, 2023.
And I would like to turn the conference over to Dan McMahon. Please go ahead.
Dan McMahon
Good morning, and welcome to Crescent Capital BDC Inc.'s first quarter ended March 31, 2023 earnings conference call. Please note that Crescent Capital BDC may be referred to as CCAP, Crescent BDC or the company throughout the call.
Before we begin, I'll start with some important reminders. Comments made over the course of this conference call and webcast may contain forward-looking statements and are not subject to risks and uncertainties. The company's actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings. The company assumes no obligation to update any such forward-looking statements. Please also note that past performance or market information is not a guarantee of future results.
During this conference call, we may discuss certain non-GAAP measures as defined by SEC Regulation G, such as adjusted net investment income or NII per share. The company believes that adjusted NII per share provides useful information to investors regarding financial performance because it's one method the company uses to measure its financial condition and results of operations.
A reconciliation of adjusted net investment income per share to net investment income per share, the most directly comparable GAAP financial measure can be found in the accompanying slide presentation for this call. In addition, a reconciliation of this measure may also be found in our earnings release.
Yesterday, after the market closed, the company issued its earnings press release for the first quarter ended March 31, 2023, and posted a presentation to the Investor Relations Section of its website at www.crescentbdc.com. The presentation should be reviewed in conjunction with the company's Form 10-Q filed yesterday with the SEC. As a reminder, this call is being recorded for replay purposes.
Speaking on today's call will be CCAP's President and Chief Executive Officer; Jason Breaux; Chief Financial Officer, Gerhard Lombard; and Managing Director, Henry Chung.