Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Q4 2020 Earnings Conference Call - Final Transcript
Sep 15, 2020 • 01:00 pm ET
Michael C. Mauer
with NII, and we expect to cover the current quarter as well. As we've committed to do, we waived the portion of our management fee associated with base management fees over 1 times leverage.
On August 26th, 2020, the Board declared a distribution for the quarter ended September 30th, 2020, of $0.15 per share payable on October 15th, 2020, to stockholders of record as of September 25th, 2020. In addition, the Board declared a supplemental distribution for the quarter ending September 30th, 2020, of $0.03 per share payable on October 15th, 2020, to stockholders of record as of September 25th, 2020.
As we previously discussed, Investcorp has made two separate commitments to purchase shares of ICMB. First, Investcorp has made open market purchases under a 10b-5 program, and has bought 78,116 shares between April 1st and June 30th, and 281,775 shares since the inception of that program. Secondly, Investcorp committed to purchase shares at NAV. Investcorp purchased no shares between April 1 and June 30th and has 227,000 shares to-date.
The COVID-19 pandemic remains a significant threat to the economic integrity of all companies. Part for our mission, as is true of all BDCs, is to invest in U.S. companies. We intend to be part of the solution to this crisis as our investing sweet spot captures enormous number of good companies that need capital. We will remain focused on investing at the top of the capital structure, we will maintain our credit standards and keep discipline with our portfolio of construction.
Operator, please open the line for Q&A.