Solar Senior Capital Ltd. Announces Quarter And Fiscal Year Ended December 31, 2012 Financial Results; Declares Monthly Dividend Of $0.1175 Per Share For March 2013
Net realized and unrealized gains: $1.4 million
Net increase in net assets from operations: $13.9 million
Net investment income per share: $1.32
“2012 was a successful and productive year for Solar Senior Capital in further building the foundation for creating long term shareholder value. We increased our monthly per share dividend in the second half of the year by 17.5% and took advantage of heated capital market conditions to reset our capital structure while remaining prudent and disciplined in our approach to new investments,” said Michael Gross, Chairman and CEO of Solar Senior Capital Ltd. “We are in the process of investing the portfolio in light of the significant repayments experienced in Q4. We have significant investment capacity to build a larger, more diversified portfolio and are focused on sourcing proprietary senior secured, cash-pay investments that meet our strict underwriting standards.”
Conference Call and Webcast The company will host an earnings conference call and audio webcast at 11:00 a.m. (Eastern Time) on Tuesday, February 26, 2013. All interested parties may participate in the conference call by dialing (866) 362-4820 approximately 5-10 minutes prior to the call, international callers should dial (617) 597-5345. Participants should reference Solar Senior Capital Ltd. and the participant passcode of 34902497 when prompted. Following the call you may access a replay of the event via audio webcast. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through Solar Senior Capital’s website, www.solarseniorcap.com. To listen to the live call, please go to the Company's website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the Solar Senior Capital website. Additionally, a replay dial-in will be available until March 12, 2013 and can be accessed by dialing (888) 286-8010 and using the passcode 54923991. International callers should dial (617) 801-6888. Portfolio and Investment Activity During our fiscal year ended December 31, 2012, we invested a total of $196.2 million, with $125.3 million invested in 19 new portfolio companies and $70.9 million invested in 9 existing portfolio companies.Select the service that is right for you!
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