DENVER, March 1, 2021 (GLOBE NEWSWIRE) – StoneCastle Financial Corp. (Nasdaq: BANX) (“StoneCastle Financial” or the “Company”), an investment company registered with the Securities and Exchange Commission (“SEC”), today announced results for the fourth financial quarter ended December 31 2020.
Highlights of investments for the fourth quarter of 2020:
Invested approximately $ 42.5 million in seven investments
Realized proceeds of $ 12.2 million from full calls for two investments
Realized proceeds of $ 7.0 million from sale of investment
Proceeds from partial repayments of $ 3.7 million from four investments
A complete list of investments at the end of the quarter is available on the site Company web at www.stonecastle-financial.com.
After the quarter ended, the company invested approximately $ 13.5 million in five investments and received partial repayments of $ 3.0 million.
The estimated annualized return generated by the invested portfolio as of December 31, 2020 (excluding cash and cash equivalents) was approximately 9.65%.
Fourth Quarter 2020 Financial Results
Net investment income was $ 3,046,401 or $ 0.46 per share, consisting of $ 4,668,621 in gross income and $ 1,622,220 in expenses. Net assets at the end of the quarter were $ 140,789,132. The company’s net asset value was $ 21.44 per share, up $ 0.55 from the prior quarter.
In the fourth quarter, the Company paid a cash distribution of $ 0.43 per share, consisting of a regular dividend of $ 0.38 and a special of $ 0.05 …
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