CSWC Q1 2021 Update: Another Dividend Increase (As Predicted)
Summary
NAV increased by 1.7% mostly due to accretive share issuances through its ATM program. CSWC has not yet released its 10-K filing with details needed for assessing portfolio credit quality.
My primary concern is the recent increase in non-cash PIK income during the quarter from $1.6 million to $2.8 million which could include some one-time items.
A…