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

Stocks in this article: BKCC

At June 30, 2012, our portfolio consisted of 53 portfolio companies and was invested 55% in senior secured loans, 18% in unsecured or subordinated debt securities, 15% in senior secured notes, 11% in equity investments, and 1% in cash and cash equivalents. This compares to our portfolio of 55 companies that was invested 54% in senior secured loans, 18% in unsecured or subordinated debt securities, 11% in senior secured notes, 12% in equity investments, and 5% in cash and cash equivalents at June 30, 2011. Our average portfolio company investment at amortized cost was approximately $21.5 million at June 30, 2012, versus $18.1 million at June 30, 2011. Our average portfolio company investment at amortized cost, excluding investments below $5.0 million, was approximately $25.0 million at June 30, 2012. At June 30, 2012, 0.3% of our total debt investments at fair value (or 0.8% at amortized cost) was on non-accrual status.

The weighted average yields of the debt and income producing equity securities in our portfolio at fair value were 12.5% at June 30, 2012 and 12.2% at June 30, 2011. The weighted average yields on our senior secured loans and other debt securities at fair value were 11.8% and 13.7%, respectively, at June 30, 2012, versus 11.2% and 13.9% at June 30, 2011. The weighted average yields of the debt and income producing equity securities in our portfolio at their current cost basis were 12.4% at June 30, 2012 and 11.5% at June 30, 2011. The weighted average yields on our senior secured loans and other debt securities at their current cost basis were 11.7% and 13.8%, respectively, at June 30, 2012, versus 11.1% and 11.9% at June 30, 2011. Yields exclude common equity investments, preferred equity investments with no stated dividend rate, short-term investments and cash and cash equivalents.

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