Solar Senior Capital Ltd. Announces Monthly Distribution of $0.10 Per Share for January 2021

Rhea-AI Summary

Solar Senior Capital Ltd. (NASDAQ: SUNS) announced a distribution of $0.10 per share for January 2021, payable on February 2, 2021, to stockholders on record as of January 25, 2021. The tax characteristics of this distribution will be noted on Form 1099 after the calendar year concludes. The company operates as a closed-end investment entity, focusing on invested cash flow in U.S. middle market companies through senior secured loans. However, investors should be aware of potential future risks due to market volatility and economic conditions, including those influenced by COVID-19.

Positive

• Declared a distribution of $0.10 per share for January 2021.
• Distribution payable to stockholders on February 2, 2021.

Negative

• Risks associated with COVID-19 and market volatility.
• Uncertainties due to potential economic impacts on performance.

NEW YORK, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of January 2021. The distribution is payable on February 2, 2021 to stockholders of record as of January 25, 2021. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year.

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. A specialty finance company with expertise in several niche markets, the Company generally invests directly and indirectly in leveraged, U. S. middle market companies primarily in the form of cash flow senior secured loans, including first lien loans, and asset-based loans collateralized on a first lien basis primarily by current assets.

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, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy. 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, unless required to do so by law.

Contact:
Solar Senior Capital Ltd.
Investor Relations
646-308-8770

FAQ

What is the distribution amount declared by Solar Senior Capital Ltd. for January 2021?

Solar Senior Capital Ltd. declared a distribution of $0.10 per share for January 2021.

When will the distribution be payable to shareholders?

The distribution will be payable on February 2, 2021.

Who are the stockholders of record for the January 2021 distribution?

Stockholders of record as of January 25, 2021, will receive the distribution.

What are the potential risks mentioned in the press release for Solar Senior Capital Ltd.?

The press release highlights risks due to COVID-19, market volatility, and economic uncertainties.