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TheStreet Open House

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

Stock quotes in this article: BKCC

Computations for the periods below are derived from the Company's financial statements as follows:

 
       

Three months

ended

September 30, 2012

   

Three months

ended

September 30, 2011

   

Nine months

ended

September 30, 2012

   

Nine months

ended

September 30, 2011

 
 
GAAP incentive management fee expense based on Income $ $ $ 2,213,859 $
GAAP incentive management fee expense based on Gains 2,963,803 2,963,803
Incremental incentive management fee expense based on Income 5,013,423 2,956,399 11,425,802 8,070,524
 
Pre-Incentive Fee 1 :
Net Investment Income $ 26,902,075 $ 20,964,613 $ 68,309,524 $ 61,580,481
Net Increase in Net Assets from Operations 17,292,910 12,937,484 58,573,294 69,870,752
Net Investment Income per share 0.37 0.29 0.93 0.84
Net Increase in Net Assets from Operations per share 0.23 0.18 0.80 0.96
 
GAAP Basis:
Net Investment Income $ 23,938,272 $ 20,964,613 $ 65,345,721 $ 61,580,481
Net Increase in Net Assets from Operations 14,329,107 12,937,484 55,609,491 69,870,752
Net Investment Income per share 0.32 0.29 0.89 0.84
Net Increase in Net Assets from Operations per share 0.19 0.18 0.76 0.96
 
As Adjusted 2 :
Net Investment Income $ 21,888,652 $ 18,008,214 $ 59,097,581 $ 53,509,957
Net Increase in Net Assets from Operations 12,279,487 9,981,085 49,361,351 61,800,228
Net Investment Income per share 0.30 0.25 0.80 0.73
Net Increase in Net Assets from Operations per share 0.17 0.14 0.67 0.85
 

Pre-Incentive Fee 1 : Amounts reflect the Company's ongoing operating results and are the most effective indicator of the Company's financial performance over time. Amounts are adjusted to remove the incentive management fee expense based on Gains, as required by GAAP.

As Adjusted 2: Amounts are adjusted to remove the incentive management fee expense based on Gains, as required by GAAP, and to include the incremental incentive management fee expense based on Income. The incremental incentive management fee is based on the formula the Company utilizes for each trailing four-fiscal quarter period, with the formula applied to the current quarter's incremental earnings, and without any reduction for incentive management fees paid during the prior three quarters.

About BlackRock Kelso Capital Corporation

BlackRock Kelso Capital Corporation is a business development company that provides debt and equity capital to middle-market companies.

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