NEW YORK--(BUSINESS WIRE)--Jul. 9, 2012--
Solar Senior Capital Ltd. (NASDAQ: SUNS), today declared a monthly
dividend payment of $0.105 per share for the month of July 2012,
representing a 5% increase from the prior month. The dividend will be
paid on August 2, 2012 to stockholders of record on July 19, 2012. The
Company expects the dividend to be paid from taxable earnings with
specific tax characteristics reported to stockholders after the end of
the calendar year.
“We are pleased to announce this dividend increase, which supports our
stated objective of raising the monthly payout as we utilize our credit
facility to fund additional senior secured investments,” said Michael
Gross, Chairman and CEO of Solar Senior Capital Ltd.
ABOUT SOLAR SENIOR CAPITAL LTD.
Solar Senior Capital Ltd. is a closed-end investment company that has
elected to be treated as a business development company under the
Investment Company Act of 1940. The Company invests primarily in
leveraged, middle market companies in the form of senior secured loans
including first lien, unitranche, and second lien debt instruments.
FORWARD-LOOKING STATEMENTS
Statements included herein may constitute “forward-looking statements,”
which relate to future events or our future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in our filings with the Securities and Exchange
Commission. Solar Senior Capital Ltd. undertakes no duty to update any
forward-looking statements made herein.
Source: Solar Senior Capital Ltd.
Solar Senior Capital Ltd.
Richard Pivirotto, 212-994-8543
