BlackRock Capital Investment Corporation (BKCC) Reports In-Line Q3 EPS

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BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2020, Declares Quarterly Distribution of $0.10 per Share

November 4, 2020 4:02 PM EST

GAAP Net Investment Income (NII) of $0.12 per share, or $8.5 million, provided third quarter distribution coverage of 122%. Considerable progress towards reducing non-core and junior capital portfolio exposure during and subsequent to the third quarter. Non-core investment in AGY was substantially exited. Subsequent to quarter-end, portfolio exposure to Gordon Brothers Finance Company (GBFC) was significantly reduced. Both transactions in aggregate netted $62 million in cash proceeds. Net Asset Value (NAV) per share decreased 12.4% or $0.60 per share to $4.24 per share on a quarter-over-quarter basis, primarily driven by realized losses on AGY and fair market value decline in GBFC... More