This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BlackRock Kelso Capital Corporation Declares Regular Quarterly Dividend Of $0.26 Per Share, Announces June 30, 2012 Quarterly Financial Results

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.

HIGHLIGHTS:
 
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.

1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs