NEW YORK, May 03, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of CM Finance Inc (Nasdaq:CMFN) (the “Company”) approved a cash distribution for the quarter ending June 30, 2016 of $0.3516 per share of common stock. The distribution is payable on July 7, 2016 to shareholders of record at the close of business as of June 17, 2016. The Company estimates the tax characteristics of its distributions on a quarterly basis and will report the final tax characteristics of the distributions to shareholders on Form 1099 after the end of each calendar year. However, if the characteristics of this distribution were determined as of today, the Company estimates that a portion of this distribution would have been characterized as a return of capital to its shareholders.
About CM Finance Inc
The Company is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least $50 million and earnings before interest, taxes, depreciation and amortization of at least $15 million. The Company’s investment activities are managed by its investment adviser, CM Investment Partners LLC. To learn more about CM Finance Inc, please visit www.cmfn-inc.com.