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, 2022, Declares Quarterly Cash Distribution of $0.10 per Share

May 2, 2022 6:02 AM EDT

GAAP Net Investment Income (GAAP NII) was $6.5 million, or $0.09 per share, up 9% from the prior quarter, providing first quarter distribution coverage of 88%, up from 80% in the prior quarter. Adjusted Net Investment Income1 (Adjusted NII) was $6.0 million, or $0.08 per share, providing first quarter adjusted distribution coverage of 82%, down slightly from 84% in 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 $346.9 million, down 0.8% from $349.7 million at the end of 2021; NAV per share decreased by 0.6% to $4.70 per share from $4.73 per share at the end of... More