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  • GSC Investment Corp. (GNV) Reports Decline in Net Investment Income in Fiscal 2010 0 comments
    Jun 2, 2010 10:24 AM | about stocks: SAR

    GSC Investment Corp. reported net investment income of $5.7 million, or $0.54 per share, in the fiscal year ending 2/28/2010. Net investment income was $13.8 million in fiscal 2009. The company reported net investment income of $1.2 million, or $0.07 per share, in the final quarter of fiscal 2010. GSC Investment realized $5.1 million in net losses during the quarter.

    GSC Investment is organized as a business development company and controls a portfolio of debt and leveraged loans issued to small to mid size companies based in the United States. The company’s investment portfolio at the end of fiscal 2010 totaled $89.4 million. GSC Investment was invested in 27 portfolio companies and a collateralized loan fund. The company reported net unrealized depreciation of $9.5 million and net realized losses of $6.7 million on this portfolio in fiscal 2010.

    GSC Investment reported that 41.3% of its investment portfolio was composed of first and second lien term loans, and another 31% was in senior secured loans. The balance of the portfolio was in unsecured and subordinated loans and common stock.

    For more information on the company, go to gscinvestmentcorp.com

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net

     


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    Stocks: SAR
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