BlackRock Capital Investment Corporation (BKCC) Misses Q4 EPS by 1c

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BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended December 31, 2021, Declares Quarterly Cash Distribution of $0.10 per Share

March 2, 2022 4:02 PM EST

GAAP Net Investment Income (GAAP NII) was $5.9 million, or $0.08 per share, up 21% from the third quarter, providing fourth quarter distribution coverage of 80%, up from 66% in the third quarter. Adjusted Net Investment Income1 (Adjusted NII) was $6.2 million, or $0.08 per share, providing fourth quarter adjusted distribution coverage of 84%, consistent with the prior quarter. GAAP NII and Adjusted NII include fee and other one-time income of $0.01 per share. Net Asset Value (NAV) decreased slightly to $349.7 million, down 0.3% from $350.9 million at the end of the third quarter, and up 11.0% from $315.0 million at the end of 2020; NAV per share decreased by 0.2% to... More