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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.