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Investcorp Credit Management BDC , Inc. ( NASDAQ : ICMB ) ( “ ICMB " or the " Company " ) announced its financial results today for its fiscal first quarter ended September 30 , 2021 . HIGHLIGHTS ● Investcorp Credit Management BDC , Inc. Announces Preliminary Financial Results for the Quarter Ended September 30 , 2021 and Quarterly Distribution ● ● On November 3 , 2021 , the Company's Board of Directors ( the “ Board " ) declared a distribution for the quarter ending December 31 , 2021 of $ 0.15 per share , payable on January 4 , 2022 , to stockholders of record as of December 10 , 2021 . ICMB made two investments in new portfolio companies and four investments in existing portfolio companies . These investments totaled $ 18.1 million . The weighted average yield of debt investments made in the quarter was 8.52 % . ICMB fully realized two investments during the quarter , totaling $ 12.1 million , and received proceeds from sales and partial repayments totaling $ 8.1 million . The weighted average yield on debt investments , at cost , increased 8 basis points to 8.12 % , compared to 8.04 % as of June 30 , 2021 . Net asset value increased $ 0.08 per share to $ 7.00 , compared to $ 6.92 as of June 30 , 2021. Net assets increased by $ 4.3 million or 4.48 % for the quarter ended September 30 , 2021 . Portfolio results , as of September 30 , 2021 : Total assets Investment portfolio , at fair value Net assets Weighted average yield on debt investments , at cost Net asset value per share Portfolio activity in the current quarter : Number of new investments Total capital invested Proceeds from repayments , sales , and amortization Number of portfolio companies , end of period Net investment income ( NII ) Net investment income per share Net increase in net assets from operations Net increase in net assets from operations per share Quarterly per share distribution paid on October 14 , 2021 $ 274.7mm $ 245.3mm $ 100.7mm 8.12 % $ 7.00 6 $ 18.1mm $ 20.2mm 36 $ 2.5mm $ 0.18 $ 3.3mm $ 0.23 $ 0.15 Mr. Michael C. Mauer , the Company's Chief Executive Officer , said " as we continue through an interesting market that has labor issues , supply chain issues and other tail effects of COVID , our portfolio is exhibiting diverse stability . In addition , we continue to see an interesting mix of new investments that support the outlook over the near to medium term . ” The Company's dividend framework provides a quarterly base dividend and may be supplemented ( when available ) by additional dividends determined by the net investment income during the quarter . On November 3 , 2021 , the Company's Board declared a distribution for the quarter ending December 31 , 2021 of $ 0.15 per share , payable on January 4 , 2022 , to stockholders of record as of December 10 , 2021 . This distribution represents an 11.01 % yield on the Company's $ 5.45 share price as of market close on September 30 , 2021. Distributions may include net investment income , capital gains and / or return of capital , however , the Company 1