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

Rhea-AI Summary

Solar Senior Capital Ltd. (NASDAQ: SUNS) announced a monthly distribution of $0.10 per share for October 2020, payable on October 30, 2020, to stockholders of record by October 22, 2020. The company, categorized as a closed-end investment company and a business development company, focuses on investing in U.S. middle-market companies through cash flow senior secured loans. Investors will receive tax characteristics details on Form 1099 at year-end. Risks such as COVID-19, interest rate changes, and market volatility could affect future performance.

Positive

• None.

Negative

• Exposure to risks from COVID-19 and market volatility impacting future performance.
• Uncertainties due to potential interest rate changes affecting financial condition.

NEW YORK, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd. (the “Company”) (NASDAQ: SUNS) declared a distribution of $0.10 per share for the month of October 2020. The distribution is payable on October 30, 2020 to stockholders of record as of October 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 for Solar Senior Capital Ltd. in October 2020?

The distribution amount is $0.10 per share for October 2020.

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

The distribution will be paid on October 30, 2020.

What are the record dates for Solar Senior Capital Ltd.'s October distribution?

The record date for the distribution is October 22, 2020.

How does Solar Senior Capital Ltd. invest its capital?

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

What type of company is Solar Senior Capital Ltd.?

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