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Exhibit 99.1
FOR IMMEDIATE RELEASE
THL Credit Announces Fourth Quarter 2011 Financial Results
Declares a Dividend of $0.29 Per Share and a $0.05 Per Share Special Dividend
BOSTON – March 8, 2012 – THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit” or the “Company”), a direct capital provider to middle market companies, today announced financial results for its fiscal fourth quarter ended Dec. 31, 2011. Additionally, THL Credit announced that its Board of Directors has declared a first fiscal quarter 2012 dividend of $0.29 per share and a special dividend of $0.05 per share, both payable on March 30, 2012, to stockholders of record as of March 20, 2012.
HIGHLIGHTS
| ($ in millions, except per share amounts) |
||||
| As of Dec.
31, 2011 |
||||
| Portfolio results |
||||
| Total assets |
$ | 277.1 | ||
| Investment portfolio, at fair value |
$ | 267.0 | ||
| Net assets |
$ | 267.6 | ||
| Net asset value per share |
$ | 13.24 | ||
| Weighted average yield on investments |
14.0 | % | ||
| Year ended Dec. 31, 2011 |
Quarter ended Dec. 31, 2011 |
|||||||
| Portfolio activity |
||||||||
| Net investments made, at par |
$ | 144.5 | $ | 18.2 | ||||
| Number of new portfolio companies |
14 | 1 | ||||||
| Number of portfolio companies at end of period |
24 | 24 | ||||||
| Operating results |
||||||||
| Total investment income |
$ | 37.4 | $ | 10.9 | ||||
| Net investment income |
$ | 21.0 | $ | 6.0 | ||||
| Net increase in net assets from operations |
$ | 24.1 | $ | 7.1 | ||||
| Net investment income per share |
$ | 1.04 | $ | 0.30 | ||||
| Dividends declared |
$ | 1.02 | $ | 0.28 | ||||
The following information was filed by Thl Credit, Inc. (TCRD) on Thursday, March 8, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: TCRD
CIK: 1464963
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-104022
Submitted to the SEC: Thu Mar 08 2012 4:55:27 PM EST
Accepted by the SEC: Thu Mar 08 2012
Period: Saturday, December 31, 2011
Industry: 1464963
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