Bulldog Investors Urges Investcorp To Do The Right Thing For Shareholders Of ICMB

Bulldog Investors, a significant shareholder of Investcorp Credit Management BDC (ICMB), is demanding that Investcorp take responsibility for the dramatic decline in ICMB's share price from $10.51 in 2019 to $1.40 in 2026. Despite collecting $43.5 million in fees, Investcorp's management has overseen abysmal performance, excessive leverage, and conflicted related-party transactions. Bulldog is calling on Investcorp to acquire all publicly held shares at $5.04 per share, the last reported NAV before a costly financing deal that will further deplete shareholder value.