Company: FCRX
Filing Date: 2025-02-03
Form Type: N-2/A
Source: 0001193125-25-018583
Chunk: 20

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-02-03
Form: N-2/A
Chunk 20
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 that an investor in our common stock will bear directly or indirectly. While the example assumes, as required by the SEC, a 5% annual return, our performance will vary and may result in a return greater or less than 5%. Because the income portion of the incentive fee under the Investment Advisory Agreement is unlikely to be significant assuming a 5% annual return, the second example assumes that the 5% annual return will be generated entirely through net realized capital gains and, as a result, will trigger the payment of the capital gains portion of the incentive fee under the Investment Advisory Agreement. The income portion of the incentive fee under the Investment Advisory Agreement, assuming a 5% annual return, would either not be payable or have an immaterial impact on the expense amounts shown above, is not included in the example. If we achieve sufficient returns on our investments, including through net realized capital gains, to trigger an incentive fee of a material amount, our expenses, and returns to our investors, would be higher. In addition, while the example assumes reinvestment of all dividends and distributions at net asset value, under certain circumstances, reinvestment of dividends and other distributions under our dividend reinvestment plan may occur at a price per share that differs from net asset value. This example and the expenses in the table above should not be considered a representation of our future expenses as, and actual expenses (including the cost of debt, if any, and other expenses) that we may incur in the future and such actual expenses may be greater or less than those shown. 13 FINANCIAL HIGHLIGHTS The Financial Highlights for the nine months ended September 30, 2024, contained under “ Part I. Item 1. Financial Statements—Notes to Consolidated Financial Statements (Unaudited)—Note 12. Financial Highlights” in our Quarterly Report on Form 10-Qfor the nine months ended September 30, 2024, filed with the SEC on November 12, 2024 are incorporated herein by reference. The Financial Highlights contained under “ Part II. Item 8. Consolidated Financial Statements and Supplementary Data—Notes to Consolidated Financial Statements—Note 12. Financial Highlights” in our Annual Report on Form 10-Kfor the fiscal year ended December 31, 2023, filed with the SEC on February 21, 2024 are incorporated herein by reference. The financial highlights for the past five years is derived from the Company’s consolidated financial statements audited by Ernst & Young LLP, independent registered public accounting firm