Solar Capital (SLRC) Misses Q3 EPS by 5c

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Go back to Solar Capital (SLRC) Misses Q3 EPS by 5c

Solar Capital Ltd. Announces Quarter Ended March 31, 2017 Financial Results; Declares Quarterly Distribution of $0.40 per Share for Q2, 2017

May 2, 2017 4:06 PM EDT

NEW YORK, NY -- (Marketwired) -- 05/02/17 -- Solar Capital Ltd. (NASDAQ: SLRC) (the "Company" or "Solar Capital"), today reported net income of $17.2 million, or $0.41 per share, and net investment income of $16.3 million, or $0.39 per share, for the first quarter.

At March 31, 2017, net asset value (NAV) was $21.75 per share, a slight increase from the prior quarter. At quarter end, the investment portfolio, on a cost basis, remained over 99% performing. At March 31, the fair value of the Company's Comprehensive Investment Portfolio* was $1.48 billion.

The Company's Board of Directors declared a second quarter distribution of... More