BlackRock Kelso Capital Corporation Declares
Regular Third Quarter Dividend of $0.32 per
Share, Announces June 30, 2010 Quarterly
August 05, 2010 02:40 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--BlackRock Kelso Capital Corporation (NASDAQ:BKCC)
(“BlackRock Kelso Capital” or the “Company”) announced today that its Board of Directors has declared a third
quarter dividend of $0.32 per share payable on October 1, 2010 to stockholders of record as of September 17,
BlackRock Kelso Capital also announced financial results for the quarter ended June 30, 2010.
Portfolio and Investment Activity
During the three months ended June 30, 2010, we invested $127.8 million across one new and several existing
portfolio companies. This compares to investing $11.9 million across several existing portfolio companies for the
three months ended June 30, 2009. Sales and repayments of investment principal totaled $181.3 million during the
three months ended June 30, 2010, versus $43.2 million during the three months ended June 30, 2009.
At June 30, 2010, our portfolio consisted of 51 portfolio companies and was invested 57% in senior secured loans,
17% in unsecured or subordinated debt securities, 12% in equity investments, 11% in senior secured notes and 3%
in cash and cash equivalents. This compares to 62 portfolio companies and invested 59% in senior secured loans,
31% in unsecured or subordinated debt securities, 6% in senior secured notes, 4% in equity investments and less
than 1% in cash and cash equivalents at June 30, 2009. Our average portfolio company investment at amortized cost
was approximately $17.4 million at June 30, 2010, versus $19.6 million at June 30, 2009. At June 30, 2010, 1.2%
of our total debt investments at fair value (or 2.6% at amortized cost) were on non-accrual status.
The weighted average yields of the debt and income producing equity securities in our portfolio at fair value were
12.4% at June 30, 2010 and 14.1% at June 30, 2009.