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

Rhea-AI Summary

Solar Senior Capital Ltd. (NASDAQ: SUNS) announced a monthly distribution of $0.10 per share for December 2020, payable on January 5, 2021, to stockholders of record by December 22, 2020. This distribution continues the company's commitment to providing returns to its investors. Solar Senior Capital operates as a closed-end investment company, primarily investing in leveraged middle-market companies through senior secured loans. Forward-looking statements highlight potential risks, including the impact of COVID-19 and market volatility.

Positive

• Declared a monthly distribution of $0.10 per share for December 2020.
• Distribution is payable on January 5, 2021, indicating consistent returns for investors.

Negative

• Forward-looking statements warn of potential risks due to COVID-19 and market volatility.

NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of December 2020. The distribution is payable on January 5, 2021 to stockholders of record as of December 22, 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 December 2020?

Solar Senior Capital Ltd. declared a distribution of $0.10 per share for December 2020.

When will the distribution be paid to shareholders?

The distribution will be payable on January 5, 2021, to stockholders of record as of December 22, 2020.

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

The risks include the impact of COVID-19, changes in base interest rates, and significant market volatility.