PR Newswire
PHILADELPHIA, Nov. 9, 2017
PHILADELPHIA, Nov. 9, 2017 /PRNewswire/ -- FS Investment Corporation (NYSE: FSIC), a publicly traded business development company focused on providing customized credit solutions to private middle market U.S. companies, announced its operating results for the quarter ended September 30, 2017, and that its board of directors has declared its fourth quarter 2017 regular distribution.
Financial Highlights for the Quarter Ended September 30, 20171
"As we've seen in prior quarters, the credit markets continue to be very competitive," said Michael C. Forman, Chairman and Chief Executive Officer of FSIC. "With first lien senior secured loans representing 98% of purchases in the quarter, we remain disciplined in our approach with an emphasis on investing at the top of the capital structure."
Declaration of Regular Distribution for Fourth Quarter 2017
FSIC's board of directors has declared a regular cash distribution for the fourth quarter of $0.19 per share, which will be paid on or about January 3, 2018 to stockholders of record as of the close of business on December 20, 2017.
Summary Consolidated Results
| Three Months Ended | ||||
(dollars in thousands, except per share data) | September 30, 2017 | June 30, 2017 | September 30, 2016 | ||
Total investment income | $103,691 | $98,695 | $100,557 | ||
Net investment income | 50,648 | 46,460 | 49,003 | ||
Net increase (decrease) in net assets resulting from operations | 85,398 | 18,442 | 114,369 | ||
| | | | ||
Net investment income per share | $0.21 | $0.19 | $0.20 | ||
Adjusted net investment income per share2 | $0.21 | $0.19 | $0.20 | ||
Total net realized and unrealized gain (loss) per share | $0.14 | $(0.11) | $0.27 | ||
Net increase (decrease) in net assets resulting from operations (Earnings per Share) | $0.35 | $0.08 | $0.47 | ||
Stockholder distributions per share3 | $0.22275 | $0.22275 | $0.22275 | ||
Net asset value per share at period end | $9.43 | $9.30 | $9.42 | ||
Weighted average shares outstanding | 245,678,745 | 245,107,405 | 243,488,590 | ||
Shares outstanding, end of period | 245,725,416 | 245,153,010 | 243,488,590 |
| | As of | As of |
(dollar amounts in thousands) | | September 30, 2017 | December 31, 2016 |
Total fair value of investments | | $3,911,399 | $3,726,816 |
Total assets | | 4,135,463 | 4,110,071 |
Total stockholders' equity | | 2,316,693 | 2,297,377 |
Portfolio Highlights as of September 30, 2017
Total Portfolio Activity
| Three Months Ended | | ||||
(dollar amounts in thousands) | September 30, 2017 | June 30, 2017 | September 30, 2016 | | ||
Purchases | $183,384 | $298,682 | $217,337 | | ||
Sales and redemptions | (255,483) | (310,569) | (290,764) | | ||
Net portfolio activity | $(42,099) | $(11,887) | $(73,427) | | ||
| | |||||
Portfolio Data | As of September 30, 2017 | As of December, 2016 | | |||
Total fair value of investments | $3,911,399 | $3,726,816 | | |||
Number of Portfolio Companies Werbung Mehr Nachrichten zur FS KKR Capital Aktie kostenlos abonnieren
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