Investcorp Credit Management BDC Inc
Change company Symbol lookup
Select an option...
ICMB Investcorp Credit Management BDC Inc
REI Ring Energy Inc
PXD Pioneer Natural Resources Co
REX REX American Resources Corp
JKS JinkoSolar Holding Co Ltd
RILY B. Riley Financial Inc
DSSI Diamond S Shipping Inc
CVS CVS Health Corp
GM General Motors Co
SKX Skechers USA Inc
Go

Financials : Capital Markets | Small Cap Value
Company profile

Investcorp Credit Management BDC, Inc., formerly CM Finance Inc, is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company's primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies. As of June 30, 2016, the Company's portfolio consisted of debt and equity investments in 22 portfolio companies. It invests in unitranche loans and standalone second and first lien loans, with an emphasis on floating rate debt. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments.CM Investment Partners LLC is an external investment advisor of the Company.

Price
Delayed
$5.74
Day's Change
-0.10 (-1.71%)
Bid
--
Ask
--
B/A Size
--
Day's High
5.90
Day's Low
5.72
Volume
(Above Average)

Today's volume of 27,003 shares is on pace to be greater than ICMB's 10-day average volume of 36,869 shares.

27,003

Apple, Google and Coca-Cola among 400-plus companies backing Biden in 50% emissions cut as soon as 2030

9:18 am ET April 21, 2021 (MarketWatch)
Print

Rachel Koning Beals

Signatories employ a combined 6 million U.S. workers across all 50 states and represent more than $4 trillion in annual revenue

More than 400 businesses and investors, including tech and consumer giants and major utilities, say they back the Biden administration in setting an ambitious climate-change goal that would cut U.S. greenhouse gas emissions by at least 50% below 2005 levels by 2030.

Reports Tuesday said the president was near to making such a pledge (https://www.marketwatch.com/story/biden-to-pledge-halving-u-s-greenhouse-gases-by-2030-11618964085?mod=home-page). An initial open letter from the group of major companies has picked up additional signatories since its initial release earlier this week, taking the tally to 400 from 300-plus names (https://www.ceres.org/news-center/press-releases/310-businesses-and-investors-support-us-federal-climate-target-open), said green investing advocate Ceres.

Read:Biden's Earth Day summit: New 2030 emissions target and all that's expected in push to restore climate credentials (https://www.marketwatch.com/story/as-kerry-secures-climate-pledge-with-china-heres-what-else-to-watch-for-at-bidens-earth-day-summit-11618804365?mod=mw_latestnews)

That emissions-cutting target would nearly double the U.S.'s previous commitment on emissions reduction and the time horizon would require dramatic changes in the power and transportation sectors and elsewhere throughout the economy, analysts say.

Ranging from small companies to major corporations, signatories to the open letter employ a combined 6 million U.S. workers across all 50 states and represent more than $4 trillion in annual revenue.

Biden is considering policy options for expected carbon reductions by 2030 ahead of a virtual international climate summit he is hosting April 22-23 as the administration looks to reup the U.S. leadership role on climate change.

Read:Biden inviting Putin and Xi to global climate talks (https://www.marketwatch.com/story/biden-inviting-putin-and-xi-to-global-climate-talks-01616787735)

Read:Kerry says Biden poised to issue executive order to force banks and investors to reveal climate exposure (https://www.marketwatch.com/story/climate-envoy-kerry-pushes-for-indias-net-zero-emissions-pledge-vows-financial-and-technological-support-11617820958)

A 2030 target is considered a nonbinding Nationally Determined Contribution (NDC) and is a key milestone as Biden moves the nation toward his ultimate goal of net-zero carbon emissions by 2050.

Opinion: Why we need all hands on deck to invent the technologies needed to beat climate change (https://www.marketwatch.com/story/why-we-need-all-hands-on-deck-to-invent-the-technologies-needed-to-beat-climate-change-11617897530)

This week's letter was organized by the "We Mean Business" coalition, a group of companies that support action to accelerate the transition to a carbon-free economy. Green investing advocates Ceres also promoted the effort.

Participants include Apple(AAPL) Alphabet's Google(GOOGL) MicrosoftMSFT (#phrase-company?ref=COMPANY%7CMSFT;onlineSignificance=significant), WalmartWMT (#phrase-company?ref=COMPANY%7CWMT;onlineSignificance=significant), UnileverUL (#phrase-company?ref=COMPANY%7CUL;onlineSignificance=significant), and Coca-Cola(KO). Also signing: ExelonEXC (#phrase-company?ref=COMPANY%7CEXC;onlineSignificance=significant), General ElectricGE (#phrase-company?ref=COMPANY%7CGE;onlineSignificance=significant), General MotorsGM (#phrase-company?ref=COMPANY%7CGM;onlineSignificance=significant), PG&EPCG (#phrase-company?ref=COMPANY%7CPCG;onlineSignificance=significant), Edison InternationalEIX (#phrase-company?ref=COMPANY%7CEIX;onlineSignificance=significant) and dozens others.

"Many of us have set or are setting emissions reduction goals in line with climate science since the establishment of the Paris Agreement. The private sector has purchased renewable energy at record rates and along with countless cities across the country, many have committed themselves to a net zero emissions future," they wrote.

"If you raise the bar on our national ambition, we will raise our own ambition to move the U.S. forward on this journey. While an effective national climate strategy will require all of us, you alone can set the course by swiftly establishing a bold U.S. 2030 target," the letter said.

Investor signatories of the letter collectively represent more than $1 trillion in assets under management and include pension giants CalSTRS, the New York State Comptroller, the New York City Comptroller and the California State Controller's Office, among others.

Read the full list of participants (https://www.ceres.org/news-center/press-releases/310-businesses-and-investors-support-us-federal-climate-target-open?utm_source=email&utm_medium=marketingcloud&utm_campaign=climatechange&utm_content=pressrelease).

Millions of Americans are already feeling the impacts of climate change, the business leaders wrote, including severe winter storm that caused blackouts in Texas and other states, deadly wildfires in California and record-breaking hurricanes in the Southeast and Gulf Coast.

"The human and economic losses of the past 12 months alone are profound," they wrote. "Tragically, these devastating climate impacts also disproportionately hit marginalized and low-income communities who are least able to withstand them. We must act now to slow and turn the tide."

Opinion:How the Fed could give a green light to environmentally sustainable investments (https://www.marketwatch.com/story/how-the-fed-could-give-a-green-light-to-environmentally-sustainable-investments-11618340575)

While Biden has returned the U.S. to the Paris climate accord after President Trump's withdrawal and Biden has made climate action a major theme of his presidency so far, more action is needed, the business leaders said. "An effective national climate strategy will require all of us," they told Biden, but "you alone can set the course by swiftly establishing a bold U.S. 2030 target."

In a related step, dozens of European lawmakers, business executives and union leaders on Tuesday also urged the U.S. to slash its greenhouse gas emissions in half in the coming decade. They called for a trans-Atlantic alliance for a "just and sustainable transition" toward a low-carbon economy, the Associated Press reported.

Read:Biden to accelerate offshore wind energy projects (https://www.marketwatch.com/story/biden-to-accelerate-offshore-wind-energy-projects-11617038871)

-Rachel Koning Beals; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 21, 2021 09:18 ET (13:18 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.