Solar Capital (SLRC) Reports Q2 EPS of $0.46
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Solar Capital Ltd. Announces Quarter Ended June 30, 2016 Financial Results; Net Asset Value Increase of 2.0%; Declares Quarterly Distribution of $0.40 per Share for Q3, 2016
August 2, 2016 4:00 PM EDTNEW YORK, NY -- (Marketwired) -- 08/02/16 -- Solar Capital Ltd. (NASDAQ: SLRC) (the "Company" or "Solar Capital"), today reported net investment income of $19.5 million, or $0.46 per share, for the quarter ended June 30, 2016.
At June 30, 2016, net asset value (NAV) grew to $21.51 per share. The 2.0% increase in NAV from the prior quarter resulted from unrealized appreciation due to a combination of a positive mark-to-market technical impact on investment fair values and fundamental improvement of a few specific credits, as well as overearning the quarterly distribution. At the end of the second quarter, the investment... More
