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Exhibit 99.1
FOR IMMEDIATE RELEASE
THL Credit Reports First Quarter 2017 Financial Results and
Declares a Dividend of $0.27 Per Share
BOSTON – May 4, 2017 – THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit” or the “Company”), a direct lender to lower middle market companies, announced today financial results for its first fiscal quarter ended March 31, 2017. Additionally, THL Credit announced that its Board of Directors has declared a second fiscal quarter 2017 dividend of $0.27 per share payable on June 30, 2017, to stockholders of record as of June 15, 2017.
HIGHLIGHTS
| ($ in millions, except per share amounts) |
||||||||
| As of March 31, 2017 |
||||||||
| Portfolio results |
||||||||
| Total assets |
$ | 711.9 | ||||||
| Investment portfolio, at fair value |
$ | 693.1 | ||||||
| Net assets |
$ | 386.2 | ||||||
| Net asset value per share, attributable to THL Credit |
$ | 11.71 | ||||||
| Weighted average yield on investments |
11.4 | % | ||||||
| Quarter ended March 31, 2017 |
Quarter ended March 31, 2016 |
|||||||
| Portfolio activity |
|
|||||||
| Total portfolio investments made, at par |
$ | 39.3 | $ | 54.7 | ||||
| Number of new portfolio investments |
2 | 2 | ||||||
| Number of portfolio investments at end of period |
47 | 52 | ||||||
| Operating results |
||||||||
| Total investment income |
$ | 19.8 | $ | 22.6 | ||||
| Net investment income |
$ | 9.7 | $ | 13.4 | ||||
| Net increase in net assets from operations |
$ | 5.3 | $ | — | ||||
| Net investment income per share |
$ | 0.29 | $ | 0.40 | ||||
| Dividends declared per share |
$ | 0.27 | $ | 0.34 | ||||
The following information was filed by Thl Credit, Inc. (TCRD) on Thursday, May 4, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Thl Credit, Inc.'s financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Thl Credit, Inc..
TCRD Quarterly Reports
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- 10-Q Quarterly Report May 2019
- 10-Q Quarterly Report November 2018
- 10-Q Quarterly Report August 2018
- 10-Q Quarterly Report May 2018
- 10-Q Quarterly Report November 2017
- 10-Q Quarterly Report August 2017
-
10-Q Quarterly Report May 2017
Material Contracts, Statements, Certifications & more
Thl Credit, Inc. provided additional information to their SEC Filing as exhibits
SEC Filing Exhibit
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Ticker: TCRD
CIK: 1464963
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-17-158767
Submitted to the SEC: Thu May 04 2017 4:26:41 PM EST
Accepted by the SEC: Thu May 04 2017
Period: Friday, March 31, 2017
Industry: 1464963
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