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Ares Capital Corporation Declares First Quarter 2013 Dividend Of $0.38 Per Share And Announces December 31, 2012 Financial Results

Stocks in this article: ARCC

(2) Basic and diluted Core EPS is a non-GAAP financial measure. Core EPS is the net per share increase (decrease) in stockholders’ equity resulting from operations less realized and unrealized gains and losses, any incentive fees attributable to such net realized and unrealized gains and losses and any income taxes related to such realized gains. Basic and diluted GAAP EPS is the most directly comparable GAAP financial measure. Ares Capital believes that Core EPS provides useful information to investors regarding financial performance because it is one method Ares Capital uses to measure its financial condition and results of operations. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. Reconciliations of basic and diluted Core EPS to the most directly comparable GAAP financial measure are set forth in Schedule 1 hereto.

(3) For the quarter and year ended December 31, 2012, the dividends declared include additional dividends of $0.05 per share and $0.10 per share, respectively.

Portfolio Activity

(dollar amounts in millions)     Q4-12     Q4-11     FY-12   FY-11
Portfolio Activity During the Period:
Gross commitments $   1,062.8 $   852.8 $   3,197.0 3,674.4
Exits of commitments $ 1,157.2 $ 688.1 $ 2,614.5 2,603.1
 
Portfolio as of the End of the Period:
Number of portfolio company investments 152 141
Weighted average yield of debt and other income producing securities:
At fair value(4) 11.3 % 12.0 %
At amortized cost(5) 11.4 % 12.1 %

(4) Computed as (a) annual stated interest rate or yield earned plus the net annual amortization of original issue discount and market discount earned on accruing debt and other income producing securities, divided by (b) total debt and other income producing securities at fair value.

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