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Last $11.55 USD
Change Today -0.11 / -0.94%
Volume 181.9K
TCRD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 7:40 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

thl credit inc (TCRD) Snapshot

Open
$11.75
Previous Close
$11.66
Day High
$11.91
Day Low
$11.54
52 Week High
07/1/14 - $14.30
52 Week Low
01/16/15 - $10.71
Market Cap
391.6M
Average Volume 10 Days
106.2K
EPS TTM
$1.41
Shares Outstanding
33.9M
EX-Date
06/11/15
P/E TM
8.2x
Dividend
$1.36
Dividend Yield
11.77%
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: --
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: --
Compensation as of Fiscal Year 2015.

thl credit inc (TCRD) Key Developments

THL Credit Announces Appointment of Deborah McAneny to its Board of Directors

THL Credit, Inc. announced the appointment of Deborah McAneny to its Board of Directors. Ms. McAneny joins THL Credit's Board of Directors with extensive experience in the asset management industry with a focus in structured and alternative investments. Ms. McAneny is the former Chief Operating Officer of Benchmark Senior Living from 2007 to 2009. Prior to this, she was employed at John Hancock Financial Services for 20 years in various positions including as Executive Vice President for Structured and Alternative Investments where she was responsible for a portfolio of investment businesses with total assets under management of $20 billion including all real estate, commercial mortgages, CMBS, structured fixed-income, timber and agricultural.

THL Credit, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Declares Dividend for the Second Quarter of 2015, Payable on June 30, 2015

THL Credit, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total investment income of $23,762,000 against $20,895,000 a year ago. Net investment income was $11,910,000 against $10,700,000 a year ago. Net increase in net assets resulting from operations was $15,562,000 against $10,981,000 a year ago. Basic and diluted net investment income per common share was $0.35 against $0.32 a year ago. Net increase in net assets resulting from operations per common share basic and diluted was $0.46 against $0.32 a year ago. The increases in investment income from the respective periods were primarily due to the growth in the overall investment portfolio since March 31, 2014, which led to higher interest income, as well as the increase in other income primarily from amendment and other fees. The company announced that its board of directors has declared a second fiscal quarter 2015 dividend of $0.34 per share payable on June 30, 2015, to stockholders of record as of June 15, 2015.

THL Credit, Inc. Presents at 14th Annual Capital Link Closed-End Funds and Global ETFs Forum, Apr-23-2015 08:40 AM

THL Credit, Inc. Presents at 14th Annual Capital Link Closed-End Funds and Global ETFs Forum, Apr-23-2015 08:40 AM. Venue: The Metropolitan Club, One East 60th St., New York, NY 10022-1054, United States. Speakers: Terrence W. Olson, Chief Operating Officer, Chief Financial Officer, Principal Accounting Officer, Treasurer and Assistant Secretary.

 

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