BlackRock Kelso Capital Corporation (NASDAQ:BKCC) (“BlackRock Kelso Capital” or the “Company”, “we”, “us” or “our”) announced today that its Board of Directors has declared a quarterly dividend of $0.26 per share payable on October 3, 2012 to stockholders of record as of September 19, 2012.
BlackRock Kelso Capital also announced financial results for the quarter ended June 30, 2012.
|Investment Portfolio: $1,177.0 million|
|Net Assets: $707.1 million|
|Indebtedness (borrowings under credit facility and senior secured notes): $449.9 million|
|Net Asset Value per share: $9.61|
|Portfolio Activity for the Quarter Ended June 30, 2012:|
|Cost of investments during period: $148.2 million|
|Sales, repayments and other exits during period: $80.5 million|
|Number of portfolio companies at end of period: 53|
|Operating Results for the Quarter Ended June 30, 2012:|
|Net investment income per share: $0.30|
|Net investment income per share, as adjusted 1 : $0.25|
|Dividends declared per share: $0.26|
|Earnings per share: $0.29|
|Net investment income: $22.4 million|
|Net investment income, as adjusted 1: $18.6 million|
|Net realized and unrealized losses: $1.4 million|
|Net increase in net assets from operations: $21.0 million|
|1 Non-GAAP basis financial measure. See Supplemental Information on page 7.|
Portfolio and Investment Activity
During the three months ended June 30, 2012, we invested $148.2 million across two new and several existing portfolio companies. This compares to investing $81.6 million across four new and several existing portfolio companies for the three months ended June 30, 2011. Sales, repayments and other exits of investment principal totaled $80.5 million during the three months ended June 30, 2012, versus $71.4 million during the three months ended June 30, 2011.