Thl Credit, Inc. (TCRD) 10-K Annual Report March 2019

BOSTON – March 6, 2019 – THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit” or the “Company”), a direct lender to middle market companies, today announced financial results for its fourth fiscal quarter ended December 31, 2018. Additionally, THL Credit announced that its Board of Directors has declared a first fiscal quarter 2019 dividend of $0.21 per share payable on March 29, 2019, to stockholders of record as of March 20, 2019.

HIGHLIGHTS


($ in millions, except per share amounts)
	As of December 31, 2018
Portfolio results
Total assets	$	518.5
Investment portfolio, at fair value	$	493.7
Net assets	$	295.7
Net asset value per share	$	9.15
Weighted average yield on investments		10.7	%


	Year ended December 31, 2018			Quarter ended December 31, 2018
Portfolio activity
Total portfolio investments made, at par	$	123.5		$	66.5
Total portfolio investments made, at cost	$	122.3		$	65.9
Number of new portfolio investments		9			7
Number of portfolio investments at end of period		42			42
Operating results
Total investment income	$	66.9		$	15.8
Net investment income	$	34.8		$	7.3
Net decrease in net assets from operations	($	10.6	)	($	23.1	)
Net investment income per share ⁽¹⁾	$	1.07		$	0.23
Dividends declared per share	$	1.08		$	0.27

(1)	For the quarter ended December 31, 2018 net investment income excluding the impact of the acceleration of deferred financing costs in connection with the redemption of certain borrowings was $0.26 per share.

The following information was filed by Thl Credit, Inc. (TCRD) on Wednesday, March 6, 2019 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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Material Contracts, Statements, Certifications & more

Thl Credit, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Exhibit 99.1: Additional Exhibits

Ticker: TCRD
CIK: 1464963
Form Type: 10-K Annual Report
Accession Number: 0001564590-19-006531
Submitted to the SEC: Wed Mar 06 2019 5:18:28 PM EST
Accepted by the SEC: Wed Mar 06 2019
Period: Monday, December 31, 2018
Industry: 1464963