Exhibit 99.1

 

LOGO

FOR IMMEDIATE RELEASE

THL Credit Reports Second Quarter 2017 Financial Results and

Declares a Dividend of $0.27 Per Share

BOSTON – August 3, 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 second fiscal quarter ended June 30, 2017. Additionally, THL Credit announced that its Board of Directors has declared a third fiscal quarter 2017 dividend of $0.27 per share payable on September 29, 2017, to stockholders of record as of September 15, 2017.

HIGHLIGHTS

 

($ in millions, except per share amounts)

    
Portfolio results    As of June 30,
2017
       

Total assets

   $ 694.7    

Investment portfolio, at fair value

   $ 674.3    

Net asset value

   $ 377.1    

Net asset value per share, attributable to THL Credit

   $ 11.48    

Weighted average yield on investments

     11.0  
     Quarter ended
June 30, 2017
    Quarter ended
June 30, 2016
 

Portfolio activity

 

 

Total portfolio investments made, at par

   $ 23.4     $ 17.5  

Number of new portfolio investments

     2       —    

Number of portfolio investments at end of period

     46       49  

Operating results

    

Total investment income

   $ 20.3     $ 20.5  

Net investment income

   $ 10.2     $ 11.7  

Net increase (decrease) in net assets from operations

   $ 1.3     $ (0.7

Net investment income per share

   $ 0.31     $ 0.35  

Dividends declared per share

   $ 0.27     $ 0.34  


The following information was filed by Thl Credit, Inc. (TCRD) on Thursday, August 3, 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.

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