Solar Senior Capital Ltd. Announces Monthly Distribution of $0.10 Per Share for June 2020

Rhea-AI Summary

Solar Senior Capital Ltd. (NASDAQ: SUNS) announced a monthly distribution of $0.10 per share for June 2020, payable on July 1, 2020 to stockholders on record as of June 18, 2020. The tax characteristics of the distribution will be detailed in Form 1099 after the year-end. Solar Senior Capital operates as a specialty finance company, primarily investing in leveraged middle-market companies through secured loans. The company cautioned that forward-looking statements are subject to risks and uncertainties, particularly due to the impact of COVID-19.

Positive

• Declared a monthly distribution of $0.10 per share, enhancing shareholder return.
• Scheduled payments provide clarity and assurance to investors.

Negative

• Forward-looking statements highlight risks related to COVID-19 and market volatility.

NEW YORK, June 04, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of June 2020. The distribution is payable on July 1, 2020 to stockholders of record as of June 18, 2020. 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 June 2020?

The distribution amount declared is $0.10 per share.

When will the distribution be paid to shareholders of Solar Senior Capital Ltd.?

The distribution will be paid on July 1, 2020.

What is the record date for the June 2020 distribution of Solar Senior Capital Ltd.?

The record date is June 18, 2020.

What investment strategy does Solar Senior Capital Ltd. employ?

The company invests in leveraged, U.S. middle market companies primarily through cash flow senior secured loans.

What are the risks mentioned in Solar Senior Capital Ltd.'s press release?

The risks include impacts from COVID-19, changes in interest rates, and market volatility.