will Thanks, at presentation, www.capitalsouthwest.com. for found year refer joining slides website Chris. in quarter which everyone on Throughout fiscal our to XXXX fourth thank And us earnings can for we our be to our you various earnings our call. remarks, prepared
XX, results and to fiscal year We our announce are you March quarterly to pleased this for our morning XXXX. be annual with ended
year, we over four During shareholders credit well building of prudently underwriting conservative laid ago performing principals. our continued a we late-cycle the the portfolio for years through out to advance credit strategy
pleased to dividends substantially XX% our shareholders the $X.XX and the dividends out assets, report income in paid grew a a shareholders, fiscal and to total during in year, shareholder producing driven to price stock that throughout return year. by are increase We XX% per share
where investment equity our co-investments portfolio We equity Xst of continue loan Debt consisting Secured to significant Senior upside core a the strategy of Lien predominantly across believe exists. be about excited middle portfolio, largely and building opportunity lower market committed we with
dividends, of interest and with structure, strategy management growth, efficiency. investment our recurring in long-term capital the shareholder-friendly, that internally-managed shareholders our preservation, NAV board share aligns and cost fellow sustainable, per through under operating generating of value team Executing closely our our
primarily XX% March in companies, to by highlights XXXX on of X. March equity as of grew driven commitments $XXX million growth out over XX, some including Slides $XXX fiscal million was alongside year invested from of We summarize nine our portfolio to and loans. X originating portfolio million XX as million in Now the in $XXX XX, as total XXXX. our laid of This XX
exits year, fiscal credit companies generating a ago, of a in the years we of weighted had also During XX strategy launch XX.X%. the XXX on million four in our seven XX average XX.X%. for since exited million generating weighted the average of we proceeds proceeds in representing Cumulatively, approximately exits have IRR IRR
drove the total XX% growth net million, the revenue prior in year. in portfolio increase investment XX.X fiscal for up a XX.X This year from to million
year-over-year X.X% fixed substantial our contributed cost factors year. to of structure the the generally dividends end leverage paid to the operating in by nature our shareholders. managed improved both While BDC internally These to of growth
generating the the spinoff our in measured a industry relaunch the oilfield back sell to and Capital and XX% XXXX able and of in respectively, market since and in companies we to fantastic Specific through legacy portfolio TitanLiner Southwest the managing Capital realized very positions, as the for were two Both results period in we and remaining three IRRs services Southwest XXXX Deepwater, TitanLiner XXXX. a portfolio we’re Corrosion in lender as exits, and Services. gains Deepwater XX% were investments of tough the on on successful equity middle
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large asset buyers. sale currently is of be prior undergoing we process have robust number going well As company calls, the from interest the a very The is to potential on as there process. mentioned a continues in
recruited superb managing the job a business. The do and to back growing management XXXX team we in that continues
year. company this that XXXX calendar Our expectations be to continue excel will the during
made also diversifying the we our capital cost capital. debt year, significant while the sources, of progress towards our reducing During
commitments revolving million terms year decreasing from the of of of beginning the Act. facility as now amending $XXX the the our million under allow also year, end credit and cost additional We to on of Small of to for $XXX Business the Credit credit the meaningfully the the line while allowable increased at the leverage Availability
commitment an During our the program. million XX.X offering additional new by through program. our issued additional of of credit XX commitments equity ATM IPO through resulting year-end, revolving the million in in a XX.X we an baby XXX debt million the to additional launch for from also in lenders facility. equity Subsequent year, through total in in bonds we XXXX further ATM from first since adding our lender million we line raised our of equity in XX our upsized our and million We current raised X.X
$X.XX the to on share regular laid and per per $X.XX generated net XXXX of income Specific X, we March quarter of paid a as XX, share. out Slide investment dividend pre-tax
program from our distributed dividend by strategy today. taxable generated income share which investment or and funded income our undistributed gains we $X.XX supplemental capital sizable per accumulated Additionally, excess balance through was UTI, our by
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also Our producing fund for senior yield the its annualized in capital continued the quarter. on a XX% our fund, solid performance I-XX loan
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quarter-end Lien in yield quarter Our with this to XX XX.X%, as of the X Secured of proceeds Slide Subsequent weighted of of million. million originations to Debt a Xst XX, in new have equity. yield – on and consisted transactions XX total for average average we shown Secured Lien completed one Senior in three company totaling Debt Xst maturity and million weighted the Senior million exited portfolio XX
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our of cumulative value March $XX.XX share plus from value spin-off. September Total CSW to paid spin-off illustrates history of value as of share our value, of of $X.XX Capital per the share to dividends a market XXXX date purely making asset the show which of lender. XXXX XX $XX.XX net Slide has here Industrials XX, we creation middle as Southwest from as increased per of per
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XXXX. from million credit XXX Slide as XX, shown as March XXX XX, sheet to as on-balance excluding portfolio, on Our grew December I-XX XXXX of million XX, of
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in XX.X million, portfolio of driven middle ratio million, almost security an XX in average its underperformance market debt-to-EBITDA up average a from yield weighted and quarter, quarter-over-quarter. times, our hold Addiction, increased which X.X EBITDA American of prior weighted companies the of other the Our significantly leverage by of a size X.X average was X.X of X.X%, which a with through consisted times ratio solely the leverage
about confident security in ratio underperformance, position company’s upper for quarter flat feel to been have the the with and large our company, would its at efficiency we Lien the this real due to of portfolio the estate Despite Xst leverage portfolio Excluding company’s treatment associated continue demand the substance through franchise, its drug addiction to abuse market underperformance, reasonably operational its last treatment for managements times. initiatives, national our U.S., the middle X.X value tremendous facilities. street in the
process, X quarter changes its investment Xst due the Lien Lien X loan performance Secured to for American for to X due Within rating the a a Senior Addiction to from internal Environmental and the from loan the Service, upgrade to underperformance. Xst an Pest strong our a to downgrade X from included to company's secured
being initially investment X being the X X-point origination scale As upon rating. of X on signed all the investments with are rating reminder, lowest in rating, highest an a and a
pleased are investment performance with Overall, of we the portfolio. the
XX% end capital. of of rated X rated had X% rating the with XX As portfolio, loans capital. in at the of X, had loans quarter, capital. invested of the And invested X of we highest X, XX% representing of loans invested representing we We had representing XX of the the X, at the the
portfolio. at the end As we rated of no the of the loans had quarter, X in
our late shareholders secured remains As Slide across Lien that Further, preservation towards Xst providing we heavily capital a investments is XX, weighted have well the our established capital. believe industries, senior is security portfolio illustrated well-positioned portfolio which we in diversified on strong for for cycle. economic
as was XX% Lien of diversity portfolio had Xst the end size from times, hold I-XX the of of approximately average million, of industries The was of of among the I-XX on a at security which weighted times a leverage quarter. the average X.X% portfolio Slide end through the Shown prior XX, I-XX XX quarter, and of at EBITDA the with portfolio. X.X the weighted up X.X average an
from been Here portfolio X.X prior was American times was in X.X as the average leverage this weighted well, which of down weighted times, underperformance average would end the have the by Addiction. influenced portfolio the increase of at leverage Without of underperformance, quarter. the the
solid X.X and a the XX of the I-XX, in I-XX have at We over the Street million XXX for past invested Main in million XXX our Overall, generating have performance our partner have proceeds IRR exit approximately years. Capital, XX.X%. and through harvested fund with weighted on we average been the pleased the exits
I to of will Michael, to review now hand the the quarter. performance call for our over financial the specifics
