Capital Southwest announces boost to supplemental dividend to 6c per share

“The Board of Directors has again declared a regular dividend of 58c per share for the quarter ending March 31..Our Board of Directors also has declared an increase in our supplemental dividend to 6c per share for the quarter ending March 31, resulting in total dividends for the quarter of 64c per share. While future dividend declarations are at the discretion of our Board of Directors, it is our intent to continue to distribute quarterly supplemental dividends for the foreseeable future. We continued to efficiently raise equity capital during the quarter, raising over $53 million on our Equity ATM Program. In addition, during the quarter, we successfully raised $230 million of 5.125% unsecured convertible notes due 2029, which further diversified our balance sheet liability structure. Finally, we received a ‘green light’ letter from the U.S. Small Business Administration to file an application to obtain a license to operate a second SBIC subsidiary. If approved, a second SBIC license will provide Capital Southwest (CSWC) with access to up to an additional $175 million in cost effective debt capital.”