Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1464963/000119312516500218/d129337d10k.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
THL Credit Reports Fourth Quarter 2015 Financial Results and Declares a Dividend of $0.34 Per Share
BOSTON – March 10, 2016 – THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit”), a direct lender to lower middle market companies, today announced financial results for its fourth fiscal quarter ended Dec. 31, 2015. Additionally, THL Credit announced that its Board of Directors has declared a first fiscal quarter 2016 dividend of $0.34 per share payable on March 31, 2016, to stockholders of record as of March 21, 2016.
HIGHLIGHTS
| ($ in millions, except per share amounts) |
||||||||
| Portfolio results | As of Dec. 31, 2015 |
|||||||
| Total assets |
$ | 776.4 | ||||||
| Investment portfolio, at fair value |
$ | 754.2 | ||||||
| Net assets |
$ | 418.9 | ||||||
| Net asset value per share |
$ | 12.58 | ||||||
| Weighted average yield on investments |
11.2 | % | ||||||
| Year ended Dec. 31, 2015 |
Quarter ended Dec. 31, 2015 |
|||||||
| Portfolio activity | ||||||||
| Total portfolio investments made, at par |
$ | 163.9 | $ | 58.3 | ||||
| Number of new portfolio investments |
5 | 3 | ||||||
| Number of portfolio investments at end of period |
55 | 55 | ||||||
| Operating results | ||||||||
| Total investment income |
$ | 94.2 | $ | 23.6 | ||||
| Net investment income |
$ | 47.6 | $ | 12.1 | ||||
| Net increase (decrease) in net assets from operations |
$ | 28.2 | ($ | 4.0 | ) | |||
| Net investment income per share |
$ | 1.41 | $ | 0.36 | ||||
| Dividends declared per share |
$ | 1.36 | $ | 0.34 | ||||
1
The following information was filed by Thl Credit, Inc. (TCRD) on Thursday, March 10, 2016 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.
View differences made from one year to another to evaluate Thl Credit, Inc.'s financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Thl Credit, Inc..
TCRD Annual Reports
Material Contracts, Statements, Certifications & more
Thl Credit, Inc. provided additional information to their SEC Filing as exhibits
SEC Filing Exhibit
PDF Download
Loading SEC Filing Exhibit...
Ticker: TCRD
CIK: 1464963
Form Type: 10-K Annual Report
Accession Number: 0001193125-16-500218
Submitted to the SEC: Thu Mar 10 2016 4:38:23 PM EST
Accepted by the SEC: Thu Mar 10 2016
Period: Thursday, December 31, 2015
Industry: 1464963
External Resources:
Insider Transactions
Stock Quote
Social Media
Bookmark the Permalink: https://last10k.com/sec-filings/tcrd/0001193125-16-500218.htm
