BlackRock Capital Investment Corporation (BKCC) Tops Q2 EPS by 1c

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BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2021, Declares Quarterly Cash Distribution of $0.10 per Share

August 5, 2021 4:02 PM EDT

GAAP Net Investment Income (NII) of $0.07 per share, or $4.8 million, was up 15.6% from the first quarter, which provided second quarter distribution coverage of 65%, an improvement from 56% in the first quarter. Net Asset Value (NAV) increased to $347.2 million, up 7.5% from $322.9 million at the end of the first quarter of 2021; NAV per share increased 7.6% to $4.68 per share from $4.35 per share, primarily due to net realized and unrealized gains of $27.2 million during the quarter. Strong gross deployments in senior secured debt of $88.9 million with sixteen new portfolio companies added, and further progress towards reducing junior capital and non-core exposure... More