ICMB · Investcorp Credit Management BDC, Inc.

Investcorp Credit Management BDC, Inc. has taken a significant step in its strategic review process by engaging Houlihan Lokey Capital, Inc., a leading independent investment bank, to advise the Special Committee of Independent Directors. This engagement signals a formal effort to explore options aimed at maximizing shareholder value, including a broad range of strategic, financial, and business configuration alternatives. The involvement of a prominent advisor like Houlihan Lokey underscores the seriousness of the review, potentially positioning the company for transformative actions such as mergers, sales, restructurings, or other value-enhancing transactions. However, the company emphasizes that no timetable has been established, no decisions have been reached, and there is no guarantee of any outcome. Investors should note the company's policy of minimal disclosure until the Board approves a definitive course or other circumstances warrant updates. As an externally managed BDC regulated under the 1940 Act, with investments focused on middle-market companies, this process could impact its current income and capital appreciation objectives managed by CM Investment Partners LLC.