BlackRock Kelso Capital (BKCC) Tops Q4 EPS by 2c

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BlackRock Capital Investment Corporation Reports Financial Results for the Quarter and Year Ended December 31, 2016, Declares First Quarter 2017 Distribution of $0.18 Per Share, and Announces Waiver o

March 8, 2017 4:31 PM EST

GAAP net investment income of $0.24 per share, or $0.22 per share excluding an insurance reimbursement payment related to a previously announced legal settlement, providing fourth quarter distribution coverage of 112% and 105%, respectively. NAV declined 2.0% to $8.21 per share during the quarter, primarily resulting from net unrealized depreciation on legacy assets Net leverage and total liquidity relatively unchanged quarter-over-quarter, at 0.55x and $261 million, respectively Non-accrual rate declined from 11.1% to 5.4% of our debt investments at amortized cost or from 4.0% to 0.7% at fair market value

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