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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV