BlackRock Capital Investment Corporation (BKCC) Tops Q1 EPS by 1c

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BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended March 31, 2019, Declares Quarterly Distribution of $0.18 per Share

May 1, 2019 4:02 PM EDT

GAAP Net Investment Income (NII) of $0.17 per share providing first quarter distribution coverage of approximately 92%. Net Asset Value (NAV) per share increased 1.1% or $0.08 per share to $7.15 per share on a quarter-over-quarter basis. Net leverage of 0.37x was slightly up reflecting a net increase in investments. Total liquidity for portfolio company investments, including cash, was approximately $268.8 million, subject to leverage and borrowing base restrictions. Under our existing share repurchase program, we repurchased 85,543 shares of common stock for $0.5 million at an average price of $5.49, including brokerage commissions, via open... More