Skip to content
Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. Capitala Finance Corp. (CPTA) Updated June 1st, 2020 by Josh Arnold Disclaimer Nothing presented herein is, or is intended to constitute, specific investment advice.
Nothing in this research report should be construed as a recommendation to follow any investment strategy TheStreet Dividend Calendar - select a date from the dividend calendar to view a list of dividend-paying companies with that date as their ex-dividend date. The call will be broadcast live in listen-only mode on the Company’s investor relations website at www.CapitalaGroup.com. At the Effective Time, every six (6) issued and outstanding shares of the Company's common stock will be converted into one (1) share of the Company's common stock.On July 30, 2020, the Company’s board of directors approved a bond repurchase program which authorizes the Company to repurchase up to an aggregate of $10.0 million worth of the Company's outstanding 2022 Notes and/or 2022 Convertible Notes (the "Bond Repurchase Program"). During the second quarter of 2020, the Company recorded $1.1 million in one-time deferred financing charges related to the early termination of its senior secured credit facility.Net realized losses totaled $13.3 million for the second quarter of 2020, compared to $15.1 million of net realized losses for the second quarter of 2019.
Payment-in-kind income and dividend income, collectively, declined by $0.6 million, primarily due the wind down of CSLF II during the second quarter of 2020.Total expenses for the second quarter of 2020 were $7.6 million, relatively unchanged from the comparable period in 2019. Shareholders who own shares in the company before the market opens on the ex-dividend date will receive a dividend payment. The ex-dividend date is the date which is used to decide which shareholders will receive a dividend payment. Repayments included $13.1 million from the wind down of the Company’s investment in CSLF II, $17.8 million in full repayment of the first and second lien debt investments in Flavors Holdings, Inc., and $20.2 million in various other repayments.Total investment income was $7.0 million for the second quarter of 2020, compared to $11.6 million in the second quarter of 2019. Currency in USD
Get the latest Capitala Finance Corp. (CPTA) stock news and headlines to help you in your trading and investing decisions. Ex-Dividend Date. Interest and fee income were $4.0 million lower in second quarter of 2020 as compared to the second quarter of 2019, the result of lower average debt investments outstanding and the impact of repayments and non-accrual investments.
Die ex-dividend-datum is de datum van toekenning van dividend, de koers van het aandeel zal doorgaans dan zakken met ongeveer de waarde van het dividend. The Bond Repurchase Program will terminate upon the earlier of (i) July 30, 2021 or (ii) the repurchase of an aggregate of $10.0 million worth of 2022 Notes and/or 2022 Convertible Notes.Second Quarter 2020 Financial Results Conference CallManagement will host a conference call to discuss the operating and financial results at 8:30 a.m. on Wednesday, August 5, 2020.
Second Quarter Highlights * Increase in NAV per share-$6.46 at June 30, 2020 compared to $6.27 at March 31, 2020 * Successful wind down of Capitala Senior Loan Fund II, LLC (“CSLF II”) * Reduced non-accrual balances * Liquidity from repayments will allow the Company to reduce leverage during the second half of 2020 and support existing and new portfolio investmentsManagement CommentaryIn describing the Company’s second quarter activities, Joseph B. Alala, III, Chairman and Chief Executive Officer, stated, “We are pleased to report a slight increase in NAV per share during the second quarter of 2020, while generating $51.1 million of liquidity through repayments and the wind down of CSLF II.