Full Circle Capital Corporation Announces Fourth Quarter And Full Year Fiscal 2012 Earnings

Full Circle Capital Corporation (Nasdaq: FULL) (the “Company”) today announced its financial results for the fourth quarter and full year of fiscal 2012 ended June 30, 2012.

For the quarter ended June 30, 2012, the Company recorded net investment income of $1.1 million, or $0.17 per share, and a net decrease in net assets resulting from operations of $(0.7) million, or $(0.11) per share, resulting from net realized losses of $(0.3) million, or $(0.05) per share, and unrealized losses of $(1.5) million, or $(0.23) per share. Net asset value was $8.59 per share at June 30, 2012.

For the fiscal year ended June 30, 2012 the Company recorded net investment income of $4.8 million, or $0.78 per share, and a net increase in net assets resulting from operations of $2.7 million, or $0.43 per share. Distributions paid to record holders during fiscal 2012 totaled $0.918 per share.

On September 10, 2012, the Board of Directors declared monthly distributions for the second quarter of fiscal 2013 as follows:
Record Date       Payment Date       Per Share Amount    
October 31, 2012       November 15, 2012       $0.077
November 30, 2012 December 14, 2012 $0.077
December 31, 2012       January 15, 2013       $0.077

These monthly distributions equate to a $0.924 annualized distribution rate or a current annualized yield of 11.3%, based on the closing price of the Company’s common stock of $8.15 per share on September 12, 2012.

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