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Last $12.28 USD
Change Today 0.00 / 0.00%
Volume 13.8K
TCRD On Other Exchanges
Symbol
Exchange
Frankfurt
As of 10:24 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

thl credit inc (TCRD) Snapshot

Open
$12.33
Previous Close
$12.28
Day High
$12.35
Day Low
$12.28
52 Week High
07/1/14 - $14.30
52 Week Low
01/16/15 - $10.71
Market Cap
416.4M
Average Volume 10 Days
267.5K
EPS TTM
$1.19
Shares Outstanding
33.9M
EX-Date
03/18/15
P/E TM
10.3x
Dividend
$1.36
Dividend Yield
11.07%
Current Stock Chart for THL CREDIT INC (TCRD)

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thl credit inc (TCRD) Details

THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers. The fund does not intend to invest in start-up companies, operationally distressed situations, or companies with speculative business plans. The fund invests primarily in debt securities, including unsecured subordinated or mezzanine debt and second lien secured debt, which may include an associated equity component such as warrants, preferred stock, options to buy minority interest, and other similar securities. Its investments may also include high-yield bonds, private equity investments, securities of public companies that are broadly traded, and securities of non-United States companies. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The fund may make direct equity investments, including equity investments into or through funds, and also selectively invest in syndicated first lien secured loans, including unitranche investments. It seeks to invest between $10 million and $25 million of capital per transaction in companies with annual revenues ranging from $25 million to $500 million. The fund prefers to be a lead or sole investor in a transaction.

thl credit inc (TCRD) Top Compensated Officers

Co-Chief Executive Officer, Co-Chief Investme...
Total Annual Compensation: --
President and Member of Investment Committee
Total Annual Compensation: --
Chief Operating Officer, Chief Financial Offi...
Total Annual Compensation: --
Chief Compliance Officer, Chief Legal Officer...
Total Annual Compensation: --
Co-Head of Tradable Credit Platform
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

thl credit inc (TCRD) Key Developments

THL Credit, Inc. Declares Dividend for the First Quarter 2015, Payable on March 31, 2015

THL Credit, Inc. announced that its board of directors has declared a first fiscal quarter 2015 dividend of $0.34 per share payable on March 31, 2015, to stockholders of record as of March 20, 2015.

THL Credit, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

THL Credit, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Total investment income for the three months ended Dec. 31, 2014 and 2013 was $24.1 million and $18.5 million, respectively. The increases in investment income from the respective periods were primarily due to the growth in the overall investment portfolio and related interest income as well as other income. Net investment income totaled $12.4 million and $9.1 million, or $0.37 and $0.27 per share based upon weighted average common shares outstanding, for the three months ended Dec. 31, 2014 and 2013, respectively. The company recognized net realized losses on portfolio investments of $11.8 million during the three months ended Dec. 31, 2014, primarily related to the $11.9 million loss recognized on a conversion from debt to equity of THL Credit's investment in Wingspan Portfolio Holdings, Inc. For the three months ended Dec. 31, 2013, THL Credit recognized a net realized gain of $0.2 million related to a revision to previously recognized dividend income and realized gain as a result of adjusted tax estimates from certain equity investments held in blocker corporations as well as a realized loss related to an escrow receivable. For the three months ended Dec. 31, 2014 and 2013, the company's investment portfolio had a net change in unrealized appreciation of $5.2 million and $2.4 million, respectively. Net increase in net assets resulting from operations totaled $4.7 million and $10.7 million, or $0.14 and $0.32 per share, for the three months ended Dec. 31, 2014 and 2013, respectively. Total investment income for the years ended Dec. 31, 2014 and 2013 was $91.9 million and $74.7 million, respectively. The increases in investment income from the respective periods were primarily due to the growth in the overall investment portfolio and related interest income as well as other income. Net investment income totaled $48.2 million and $41.4 million, or $1.42 and $1.37 per share based upon weighted average common shares outstanding, for the years ended Dec. 31, 2014 and 2013, respectively. The increase in net investment income for the respective periods is primarily due to the growth in the overall investment portfolio and related interest income. For the year ended Dec. 31, 2014, the company recognized a realized loss of $12.9 million primarily related to realized losses recognized on C&K Market Inc. and Wingspan Portfolio Holdings, Inc. as a result of converting subordinated debt and warrants into controlling equity ownership interests as part of a restructuring of each business as well as the loss on the IMDS Corporation escrow. For the year ended Dec. 31, 2013, THL Credit recognized net realized gains of $2.6 million related primarily to the proceeds received from THL Credit's equity investments. For the years ended Dec. 31, 2014 and 2013, THL Credit's investment portfolio had a net change in unrealized appreciation of $2.2 million and $0.3 million, respectively. Net increase in net assets resulting from operations totaled $36.8 million and $42.7 million, or $1.08 and $1.41 per share, for the years ended Dec. 31, 2014 and 2013, respectively. The decrease in net assets resulting from operations is due primarily to the growth in net investment income offset by net realized and unrealized losses in the portfolio. Net asset value per share was $13.08 against $13.36 a year ago.

THL Credit, Inc. to Report Q4, 2014 Results on Mar 10, 2015

THL Credit, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 10, 2015

 

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