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 January 3, 2013 to stockholders of record as of December 20, 2012.
BlackRock Kelso Capital also announced financial results for the quarter ended September 30, 2012.
|Investment Portfolio: $1,097.0 million|
|Net Assets: $703.5 million|
|Indebtedness (borrowings under credit facility and senior secured notes): $384.6 million|
|Net Asset Value per share: $9.55|
|Portfolio Activity for the Quarter Ended September 30, 2012:|
|Cost of investments during period: $16.8 million|
|Sales, repayments and other exits during period: $82.3 million|
|Number of portfolio companies at end of period: 50|
|Operating Results for the Quarter Ended September 30, 2012:|
Net investment income per share, pre-incentive fee 1: $0.37
|Net investment income per share: $0.32|
Net investment income per share, as adjusted 2 : $0.30
|Dividends declared per share: $0.26|
|Earnings per share: $0.19|
Earnings per share, as adjusted 2: $0.17
Net investment income, pre-incentive fee 1: $26.9 million
|Net investment income: $23.9 million|
Net investment income, as adjusted 2: $21.9 million
|Net realized and unrealized losses: $9.6 million|
|Net increase in net assets from operations: $14.3 million|
Portfolio and Investment Activity
During the three months ended September 30, 2012, we invested $16.8 million across several existing portfolio companies. This compares to investing $139.4 million across three new and several existing portfolio companies for the three months ended September 30, 2011. Sales, repayments and other exits of investment principal totaled $82.3 million during the three months ended September 30, 2012, versus $87.6 million during the three months ended September 30, 2011.