Solar Capital (SLRC) Reports In-Line Q4 EPS
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Solar Capital Ltd. Announces Quarter and Fiscal Year Ended December 31, 2015 Financial Results, Including 33% 2015 Portfolio Growth; Declares Quarterly Distribution of $0.40 per Share for Q1, 2016
February 24, 2016 4:00 PM ESTNEW YORK, NY -- (Marketwired) -- 02/24/16 -- Solar Capital Ltd. (NASDAQ: SLRC) (the "Company" or "Solar Capital"), today reported net investment income of $17.0 million, or $0.40 per share, for the fourth quarter and $64.4 million, or $1.52 per share, for the fiscal year. Solar Capital's reported taxable income for the year ended December 31, 2015 exceeded the cumulative distributions paid to shareholders for 2015.
At December 31, 2015, net asset value (NAV) was $20.79 per share. The decline from the prior quarter resulted from unrealized depreciation, caused predominantly by a mark-to-market technical impact on investment fair values. As of year end, the... More
