BKCC - BlackRock Capital Investments trims non-core exposure to 9% of portfolio in Q4

BlackRock Capital Investments (BKCC) progresses in reducing junior capital and non-core exposure during Q4, exiting $171M of these investments during Q4 and after.Non-core holdings represent 9% of the total portfolio at fair value as of Feb. 23, 2021.Net asset value per share of $4.23 at Dec. 31 slipped 0.2% from $4.24 at Sept. 30, primarily due to an increase in total shares outstanding."We believe the strength of our platform will allow us to rebuild the portfolio in a manner that is consistent with our strategy," said Chairman and interim CEO James E. Keenan."In the near term, we expect that NII will likely be compressed (in the range of 5 to 6 cents per share at the current leverage ratio). "BKCC rises 0.9% in after-hours trading.Q4 adjusted net investment income of 10 cent per share declines from 12 cents in Q3 2020 and 14 cents in Q4 2019.Net leverage of 0.51x at Dec.

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BlackRock Capital Investments trims non-core exposure to 9% of portfolio in Q4