This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BlackRock Kelso Capital Corporation Declares Regular Quarterly Dividend Of $0.26 Per Share, Announces September 30, 2013 Quarterly Financial Results

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, 2014 to stockholders of record as of December 20, 2013.

BlackRock Kelso Capital also announced financial results for the quarter ended September 30, 2013.
Investment Portfolio: $1,152.8 million
Net Assets: $696.3 million
Indebtedness (borrowings under credit facility, term loan, senior secured notes & convertible notes): $412.9 million
Net Asset Value per share: $9.38
Portfolio Activity for the Quarter Ended September 30, 2013:
Cost of investments during period: $133.1 million
Sales, repayments and other exits during period: $16.0 million
Number of portfolio companies at end of period: 47
Operating Results for the Quarter Ended September 30, 2013:
Net investment income per share: $0.12
Dividends declared per share: $0.26
Earnings per share: $0.27
Net investment income: $8.9 million
Net realized and unrealized gains: $11.0 million
Net increase in net assets from operations: $19.8 million
Net investment income per share, as adjusted 1: $0.22
Net investment income, as adjusted 1: $16.1 million

Portfolio and Investment Activity

We had a strong third quarter for new investments, experiencing a net increase in our overall portfolio for the quarter of $117.1 million. We invested $133.1 million during the three months ended September 30, 2013, and $365.0 million during the nine months ended September 30, 2013, a 53.0% increase over the $238.5 million invested during the same nine month period one year ago. In conjunction with certain of our investments, we recognized $2.3 million in capital structuring fees during the quarter, increasing our 2013 fee total to $10.2 million, or $0.14 per share. Sales, repayments and other exits of investment principal during the three months ended September 30, 2013 were at a three year low totaling $16.0 million. We are pleased that such exits during the quarter were at par or above, and produced a blended IRR, or cash on cash return, in excess of twelve percent.

1 of 13

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs