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

Rhea-AI Summary

Solar Senior Capital Ltd. (NASDAQ: SUNS) has declared a distribution of $0.10 per share for February 2021, payable on March 2, 2021. This distribution will benefit stockholders of record as of February 18, 2021. As a closed-end investment company, Solar Senior Capital specializes in providing cash flow senior secured loans to U.S. middle market companies. The company notes that future performance might be affected by risks, including those related to COVID-19 and market volatility.

Positive

• Declared a monthly distribution of $0.10 per share.
• Payable to stockholders on March 2, 2021, providing immediate income to investors.

Negative

• Potential risks from COVID-19 and market volatility affecting future performance.

NEW YORK, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of February 2021. The distribution is payable on March 2, 2021 to stockholders of record as of February 18, 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 declared by Solar Senior Capital Ltd. for February 2021?

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

When is the distribution from Solar Senior Capital Ltd. payable?

The distribution is payable on March 2, 2021.

What is the record date for the distribution from Solar Senior Capital Ltd.?

The record date for the distribution is February 18, 2021.

What type of company is Solar Senior Capital Ltd.?

Solar Senior Capital Ltd. is a closed-end investment company that operates as a business development company.

What risks could impact Solar Senior Capital Ltd.'s performance?

Risks include the impact of COVID-19, changes in interest rates, and market volatility.