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

Rhea-AI Summary

Solar Senior Capital Ltd. (NASDAQ: SUNS) has declared a distribution of $0.10 per share for September 2020, payable on October 2, 2020, to stockholders on record as of September 24, 2020. This closed-end investment company focuses on leveraged U.S. middle market companies through cash flow senior secured loans. The specific tax characteristics of the distribution will be reported on Form 1099 after the calendar year. Solar Senior Capital reminds investors of uncertainties related to future performance due to factors like COVID-19 and market volatility.

Positive

• Declared a monthly distribution of $0.10 per share, indicating a commitment to returning value to shareholders.
• Focuses on investments in niche markets, potentially maximizing growth opportunities.

Negative

• Future performance remains uncertain due to risks such as COVID-19 and market volatility.
• Dependence on leveraged middle market companies could increase exposure to financial instability.

NEW YORK, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of September 2020. The distribution is payable on October 2, 2020 to stockholders of record as of September 24, 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 for Solar Senior Capital Ltd. in September 2020?

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

When will Solar Senior Capital Ltd.'s September 2020 distribution be paid?

The distribution will be payable on October 2, 2020.

What is the record date for Solar Senior Capital Ltd.'s September 2020 distribution?

The record date for the distribution is September 24, 2020.

What type of company is Solar Senior Capital Ltd.?

Solar Senior Capital Ltd. is a closed-end investment company and a business development company.

What risks affect Solar Senior Capital Ltd.'s future performance?

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