Solar Senior Capital Announces Increase in Monthly Dividend to $0.1175 per Share for September 2012
NEW YORK--(BUSINESS WIRE)-- Solar Senior Capital Ltd. (NASDAQ: SUNS), today declared a dividend of $0.1175 per share for the month of September, 2012. Combined with the prior two months dividend raises, this represents a 17.5% increase. The dividend will be paid on October 2, 2012 to stockholders of record on September 20, 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 once again raise our monthly dividend as we continue to grow and diversify our portfolio, 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.
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.
Solar Senior Capital Ltd.
Richard Pivirotto, 212-994-8543
Source: Solar Senior Capital Ltd.Copyright Business Wire 2012