|Solar Capital Ltd. (“Solar Capital”) is a closed-end, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940 and intends to be taxed as a regulated investment company under Subchapter M of the Internal Revenue Code. |
Solar Capital Ltd. invests primarily in leveraged, middle-market companies in the form of senior secured loans, mezzanine loans and equity securities. Solar Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Solar Capital does this through applying private equity style investing to credit and non-control equity opportunities as well as a value-oriented focus on preservation of capital. Solar Capital maintains this investment philosophy through a disciplined approach to rigorous monitoring.
|01/14/16||Solar Capital Ltd. Schedules the Release of Its Financial Results for the Quarter and Fiscal Year Ended December 31, 2015|
|NEW YORK, NY -- (Marketwired) -- 01/14/16 --
Solar Capital Ltd. (the "Company") (NASDAQ: SLRC) today announced that it will release its financial results for the quarter and fiscal year ended December 31, 2015 on Wednesday, February 24, 2016, after the close of the financial markets.
The Company will host an earnings conference call and audio webcast at 10:00 a.m. (Eastern Time) on Thursday, February 25, 2016.
All interested parties may participate in the conference call by dialing (877) 726... |
|11/03/15||Solar Capital Ltd. Announces Quarter Ended September 30, 2015 Financial Results; Declares Quarterly Distribution of $0.40 per Share for Q4, 2015|
|NEW YORK, NY -- (Marketwired) -- 11/03/15 --
Solar Capital Ltd. (the "Company") (NASDAQ: SLRC), today reported net investment income of $17.0 million, or $0.40 per share, for the quarter ended September 30, 2015. At September 30, 2015, net asset value (NAV) was $21.52 per share. The fair value of the Company's investment portfolio was $1.21 billion.
The Company's Board of Directors declared a fourth quarter distribution of $0.40 per share payable on January 6, 2016 to stockholders of record o... |
|10/15/15||Solar Capital Ltd. Announces Addition of Voya as a Strategic Partner for Its Senior Secured Unitranche Loan Initiative|
|NEW YORK, NY -- (Marketwired) -- 10/15/15 --
Solar Capital Ltd. ("Solar Capital" or the "Company") (NASDAQ: SLRC) today announced that Voya Investment Management ("Voya") has agreed to invest in the Senior Secured Unitranche Loan Program LLC ("SSLP"). Voya acts as the investment advisor for several wholly owned insurance subsidiaries of Voya Financial, Inc. (NYSE: VOYA).
The joint venture is expected to invest primarily in middle market senior secured unitranche loans sourced by Solar Capital... |
|10/07/15||Solar Capital Ltd. Adopts Stock Repurchase Program|
|NEW YORK, NY -- (Marketwired) -- 10/07/15 --
Solar Capital Ltd. (the "Company") (NASDAQ: SLRC) announced today that its board of directors has authorized a new program for the purpose of repurchasing up to $30 million worth of its common stock. Under the repurchase program, the Company may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time provided that the Company complies with the prohibitions under its Insider Trading Policies and Procedur... |