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THL Credit Announces Second Quarter 2010 Financial Results And Quarterly Dividend Of $0.05 Per Share

THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit”), a middle market capital specialist, today announced financial results for its fiscal second quarter ended June 30, 2010. Additionally, THL Credit announced that its Board of Directors has declared its second fiscal quarter dividend of $0.05 per share, payable on September 30, 2010 to stockholders of record as of September 2, 2010.

Highlights

   
As of June 30, 2010
Total assets $259.7 million
Investment portfolio, at fair value $84.8 million
Net assets $257.4 million
Net asset value per share $13.01
Post-IPO portfolio activity for the quarter ended June 30, 2010
Total originations, at par $30.0 million
Net investments made during the quarter, at par $22.5 million
Operating results for the quarter ended June 30, 2010
Total investment income $2.44 million
Net investment income $0.73 million
Net increase in net assets from operations $0.84 million
Net investment income per share $0.04
 

“We are pleased to report that we are investing to plan and deploying capital in strong companies with reliable returns. Underwriting discipline is of paramount importance and we remain prudent and deliberate in our credit selection,” said James K. Hunt, chief executive officer of THL Credit, Inc. “We are focused on identifying and closing investments that match our strict investment criteria targeting sponsored and unsponsored investments of $10 to $50 million in companies with revenues of between $25 and $500 million.”

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