News & Analysis

On public earnings debut, KKR BDC NAV per share slides

In an analyst question-and-answer session, the BDC’s unrealised/realised losses and dividend coverage overshadowed a shareholder vote on the joint venture with FS Investments later this month.

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Corporate Capital Trust, reporting its first quarterly earnings since listing on the New York Stock Exchange in November, posted net unrealised and realised losses of $44.81 million, or 33 cents a share, eating into a net investment income (NII) that was largely in line with prior quarters.

The mid-market lender, which is sub-advised by KKR, reported a net investment income of $51.48

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