UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
___________________________________
FORM 8-K
Current
Report Pursuant to Section 13 or 15(d) of
the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 16, 2016
FULL CIRCLE CAPITAL CORPORATION
(Exact name of registrant as specified in
its charter)
Maryland |
814-00809 |
27-2411476 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
102 Greenwich Avenue, 2nd
Floor
Greenwich, CT 06830
(Address of principal
executive offices and zip code)
Registrant’s
telephone number, including area code: (203) 900-2100
Check the appropriate box below if the Form 8-K is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On February 16, 2016, Full Circle Capital
Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended December
31, 2015. The text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information disclosed under this Item 2.02, including Exhibit
99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange
Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as
expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
Description |
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99.1 |
Press release dated February 16, 2016 |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: |
February 16, 2016 |
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FULL CIRCLE CAPITAL CORPORATION |
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By: |
/s/ Gregg J. Felton |
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Gregg J. Felton |
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Chief Executive Officer |
Exhibit 99.1
FULL CIRCLE CAPITAL CORPORATION ANNOUNCES
SECOND QUARTER FISCAL 2016 RESULTS
-
Board Forms Special Committee to Consider Strategic Alternatives -
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Receives $13.6 Million in Repayments -
-
Repurchases 290,780 Shares During the Quarter -
Greenwich,
Connecticut – February 16, 2016 – Full Circle Capital
Corporation (Nasdaq: FULL) (the “Company”) today announced its financial results for the fiscal second quarter ended
December 31, 2015.
Financial Highlights for the Fiscal
Second Quarter Ended December 31, 2015:
| ➢ | Received $13.6 million in repayments. |
| ➢ | Total investment income of $4.8 million, compared with $4.9 million
for the prior-year quarter. |
| ➢ | Net investment income (“NII”) was $2.4 million, or $0.11
per share, compared with $2.4 million, or $0.19 per share, in the prior-year quarter. |
| ➢ | Net realized and unrealized losses were $5.8 million, consisting
of net unrealized gains on investments of $4.9 million and net unrealized losses on an open swap contract of $1.9 million. Net
realized losses were $8.8 million. |
| ➢ | Net decrease in net assets from operations was $3.4 million, or $0.15
per share. |
| ➢ | For the quarter ended December 31, 2015, the Company repurchased
290,780 shares under its share repurchase program at a weighted average price of $3.16 per share. |
| ➢ | Per share amounts are based on approximately 22.5 million weighted
average shares outstanding for the second quarter of fiscal 2016, compared to 11.9 million weighted average shares outstanding
for the second quarter of fiscal 2015. The increase in weighted average shares outstanding reflects share issuances completed during
calendar 2015 offset by share repurchases during the first and second quarters of fiscal 2016. |
As of December 31, 2015
| ➢ | Net asset value was $3.76 per share. |
| ➢ | Portfolio fair value, including the fair value of the Company’s
open swap contract liability, was $122.8 million. |
| ➢ | Weighted average portfolio interest rate was 9.27%. |
| ➢ | 81% of portfolio company investments were first lien senior secured
loans. |
“In the face of a volatile economic
backdrop and increasingly dislocated market environment during the second fiscal quarter 2016, we purposefully limited our origination
activity while receiving nearly $14 million in repayments throughout the quarter from several of our portfolio companies,”
said Gregg Felton, President and Chief Executive Officer of Full Circle Capital Corporation.
“Given our expectation that the market
environment could remain dislocated for some time, our Board of Directors formed a Special Committee in November 2015 to consider
strategic alternatives,” added Mr. Felton. “We believe that our potential strategic alternatives, and the resulting
shareholder value, will be enhanced by the continued reduction of our balance sheet investments and the concurrent increase in
our cash and available liquidity.”
Review of Strategic Alternatives
Public equity market conditions for business
development companies (“BDCs”) have been challenging for an extended period of time. Similar to many other BDCs, the
Company’s common stock has been trading at a significant discount to its net asset value and, as a result, has limited the
Company’s ability to grow and reap the benefits of increased scale, including the ability to commit to larger hold sizes,
enhanced liquidity for its shareholders and substantially increased operating leverage. The Company does not believe that these
market conditions are likely to abate in the near term.
In light of the current situation, the
Company’s Board of Directors formed a Special Committee, composed solely of independent directors Mark C. Biderman, Edward
H. Cohen and Thomas A. Ortwein, Jr., in November 2015 to consider various strategic alternatives potentially available to the Company.
The Special Committee is authorized to consider, negotiate and potentially implement all strategic alternatives reasonably available
to the Company, including, but not limited to, the acquisition or disposition of assets and the sale or merger of the Company.
The Special Committee has engaged Houlihan Lokey Capital, Inc. as its financial advisor.
In order to maximize the types of potential
strategic alternatives available to the Company and enhance the benefits to be derived therefrom for its stockholders, Management
has opted to retain the cash proceeds received by the Company in connection with loan repayments and sales and have otherwise limited
the Company’s origination activities. However, because the Company’s investment income has declined and is expected
to continue to decline in the current and subsequent quarters as a result of this change in investment strategy, the Board of Directors
has decided to suspend the declaration of any future distributions to stockholders beyond the previously declared distribution
of $0.035 per share to stockholders of record on March 31, 2016 and payable on April 15, 2016.
In addition, given that the Board of Directors
has chosen to pursue a strategic process which, among other things, calls for reducing the size of the Company’s investment
portfolio and the resulting impact that such reduction has had and will have on the fees payable to its investment adviser, the
Company’s Board of Directors has terminated, effective January 1, 2016, its investment adviser’s management and incentive
fee waiver and operating expense reimbursement obligations to ensure the investment adviser’s continuing financial and operational
viability pending the completion of the strategic process.
Second Quarter Fiscal 2016 Results
The Company’s net asset value at
December 31, 2015 was $3.76 per share. During the quarter, the Company generated $3.7 million of interest income compared to $4.5
million in the second quarter of fiscal 2015, a decrease of 16.6%. Income from fees and other sources in the quarter totaled $1.1
million, compared to $0.4 million in the prior-year quarter.
The Company produced NII of $2.4 million,
or $0.11 per share, in the quarter ended December 31, 2015, compared to $2.4 million, or $0.19 per share, in the quarter ended
December 31, 2014.
Net unrealized gains of $3.0 million were
comprised of $2.1 million of net unrealized appreciation on equity investments, $2.8 million of net unrealized appreciation on
debt investments and $1.9 million of net unrealized depreciation on an open swap contract. Realized losses on investments were
$8.8 million. Net decrease in net assets resulting from operations was $3.4 million, or $0.15 per share.
During the quarter ended December 31, 2015,
the Company entered into an unfunded revolver commitment with one new portfolio company, and received $13.6 million in repayments.
At December 31, 2015, the Company’s
portfolio included debt investments in 28 companies with an average of $3.9 million per debt investment. The weighted average interest
rate on all outstanding debt investments was 9.27% at December 31, 2015, while the weighted average interest rate of the Company’s
performing debt investments was 11.33%. At fair value, 81.0% of the Company’s portfolio investments were first lien loans,
7.3% were second lien loans and unsecured notes and 13.1% were equity investments. While gross exposure to equity investments was
13.1%, net exposure to equity investments was 4.0% as the net exposure to Granite Ridge, LLC was $2.9 million when taking the deposit
on the open swap contract into account. Approximately 77% of the debt investment portfolio, at fair value, bore interest at floating
rates. The loan-to-value ratio on the Company’s loans was 62% at December 31, 2015, compared to 60% at December 31, 2014.
The Company ended the quarter with no borrowings
on its credit facility with Santander Bank, N.A. and approximately $49 million of available liquidity.
Share Repurchase Program
For the quarter ended December 31, 2015,
the Company repurchased 290,780 shares under its share repurchase program at a weighted average price of $3.16 per share. The Company
currently has 1,236,813 shares available to repurchase under its current share repurchase program.
Subsequent Events
Effective January 14, 2016, the Company
participated in a restructuring process with US Shale Solutions, Inc. in which the Company exchanged its $9.0 million senior secured
bonds and its warrants in return for approximately $2.2 million of a second lien term loan and equity in US Shale Solutions, Inc.
As part of the restructuring, the Company funded approximately $1.1 million of a new senior secured term loan.
On February 5, 2016, Calpine Corporation
announced that it has entered into a definitive agreement to acquire Granite Ridge Energy, LLC for approximately $500 million.
Upon closing of the transaction, the Company is expected to receive approximately $14.5 million in exchange for the 60,000 shares
of the common stock held by the Company. Upon settlement, the Company expects to contemporaneously unwind the total return swap
contract hedging this position.
On February 10, 2016, the senior secured
term loan with Solex Fine Foods, LLC; Catsmo, LLC was repaid with approximately $4.1 million of principal and interest received
by the Company.
Conference Call Details
Management
will host a conference call on Wednesday, February 17, 2016 at 8:30 am ET to discuss results. A live webcast of the conference
call and accompanying slide presentation will be available at http://ir.fccapital.com.
Please access the website approximately 10 minutes before the conference call begins.
To participate in the call, please call
(888) 500-6951 (domestic toll-free) or (719) 325-2190 (international) and reference PIN: 9224623.
A webcast replay of the call, along with
an archived copy of the presentation, will be available at http://ir.fccapital.com for
one year following the call.
An audio replay will also be available
until February 24, 2016, by dialing (877) 870-5176 (toll-free) or (858) 384-5517 (international), PIN: 9224623.
About Full Circle Capital Corporation
Full Circle Capital Corporation (www.fccapital.com)
is a closed-end investment company that has elected to be regulated as a business development company under the Investment Company
Act of 1940. Full Circle lends to and invests in senior secured loans and, to a lesser extent, mezzanine loans and equity securities
issued by lower middle-market companies that operate in a diverse range of industries. Full Circle’s investment objective
is to generate both current income and capital appreciation through debt and equity investments. For additional information visit
the company’s website www.fccapital.com.
Forward-Looking Statements
This
press release contains forward-looking statements which relate to future events or Full Circle's future performance or financial
condition. Any statements that are not statements of historical fact (including statements containing the words “believes,”
“should,” “plans,”
“anticipates,” “expects,”
“estimates” and
similar expressions) should also be considered to be forward-looking statements. These forward-looking statements are not guarantees
of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially
from those in the forward-looking statements as a result of a number of factors, including those described from time to time in
Full Circle's filings with the Securities and Exchange Commission. Full Circle undertakes no duty to update any forward-looking
statements made herein.
Company Contact: |
Investor Relations Contacts: |
Gregg J. Felton, President and Chief Executive Officer |
Garrett Edson/Brad Cohen |
John E. Stuart, Chairman |
ICR, LLC |
Michael J. Sell, Chief Financial Officer, Treasurer and Secretary |
(203) 682-8200 |
Full Circle Capital Corporation |
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(203) 900 – 2100 |
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info@fccapital.com |
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FULL
CIRCLE CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
| |
December 31, 2015 | | |
June 30, 2015 | |
| |
(Unaudited) | | |
| |
Assets | |
| | | |
| | |
Control Investments at Fair Value (Cost of $4,744,935 and $11,409,596, respectively) | |
$ | 5,026,820 | | |
$ | 5,812,064 | |
Affiliate Investments at Fair Value (Cost of $24,200,577 and $24,434,726, respectively) | |
| 9,254,356 | | |
| 16,019,272 | |
Non-Control/Non-Affiliate Investments at Fair Value (Cost of $118,425,234 and $136,351,581, respectively) | |
| 110,181,564 | | |
| 130,282,423 | |
Total Investments at Fair Value (Cost of $147,370,746 and $172,195,903, respectively) | |
| 124,462,740 | | |
| 152,113,759 | |
| |
| | | |
| | |
Cash | |
| 3,733,719 | | |
| 3,736,563 | |
Receivable from Swap Counterparty | |
| 1,320,000 | | |
| - | |
Interest Receivable | |
| 2,201,494 | | |
| 1,903,606 | |
Principal Receivable | |
| 135,499 | | |
| 23,287 | |
Distributions Receivable | |
| - | | |
| 15,141 | |
Due from Affiliates | |
| 224,253 | | |
| 605,749 | |
Due from Portfolio Investments | |
| 155,691 | | |
| 180,300 | |
Receivable on Open Swap Contract | |
| 35,719 | | |
| 1,081 | |
Prepaid Expenses | |
| 184,767 | | |
| 66,105 | |
Other Assets | |
| 26,447 | | |
| 1,483,578 | |
Deferred Offering Expenses | |
| 367,807 | | |
| 328,168 | |
Deferred Credit Facility Fees | |
| 122,434 | | |
| 267,645 | |
| |
| | | |
| | |
Total Assets | |
| 132,970,570 | | |
| 160,724,982 | |
| |
| | | |
| | |
Liabilities | |
| | | |
| | |
Open Swap Contract, at Fair Value | |
| 1,650,000 | | |
| - | |
Due to Affiliates | |
| 1,104,327 | | |
| 1,052,489 | |
Accrued Liabilities | |
| 142,944 | | |
| 179,378 | |
Deposit from Swap Counterparty | |
| 11,700,000 | | |
| 10,380,000 | |
Payable for Investments Acquired | |
| - | | |
| 15,020,000 | |
Distributions Payable | |
| 786,529 | | |
| 813,240 | |
Interest Payable | |
| - | | |
| 57,605 | |
Other Liabilities | |
| 157,084 | | |
| 305,957 | |
Accrued Offering Expenses | |
| 1,200 | | |
| 7,258 | |
Notes Payable 8.25% due June 30, 2020 (plus unamortized premium of $146,938 and $158,504 and less deferred debt issuance costs of $753,860 and $833,541, respectively) | |
| 33,038,603 | | |
| 32,970,488 | |
| |
| | | |
| | |
Total Liabilities | |
| 48,580,687 | | |
| 60,786,415 | |
Commitments and contingencies | |
| - | | |
| - | |
| |
| | | |
| | |
Net Assets | |
$ | 84,389,883 | | |
$ | 99,938,567 | |
| |
| | | |
| | |
Components of Net Assets | |
| | | |
| | |
Common Stock, par value $0.01 per share (100,000,000 authorized; 22,472,243 and 23,235,430 issued and outstanding, respectively) | |
$ | 224,722 | | |
$ | 232,354 | |
Paid-in Capital in Excess of Par | |
| 130,072,314 | | |
| 132,487,067 | |
Distributions in Excess of Net Investment Income | |
| (119,318 | ) | |
| (119,318 | ) |
Accumulated Net Realized Losses | |
| (21,229,829 | ) | |
| (12,579,392 | ) |
Accumulated Net Unrealized Losses | |
| (24,558,006 | ) | |
| (20,082,144 | ) |
Net Assets | |
$ | 84,389,883 | | |
$ | 99,938,567 | |
| |
| | | |
| | |
Net Asset Value Per Share | |
$ | 3.76 | | |
$ | 4.30 | |
FULL CIRCLE CAPITAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
| |
Three Months Ended December 31, | | |
Six Months Ended December 31, | |
| |
2015 | | |
2014 | | |
2015 | | |
2014 | |
Investment Income | |
| | | |
| | | |
| | | |
| | |
Interest Income from Non-Control/Non-Affiliate Investments | |
$ | 3,228,102 | | |
$ | 3,367,613 | | |
$ | 6,639,356 | | |
$ | 6,175,544 | |
Interest Income from Affiliate Investments | |
| 335,984 | | |
| 665,621 | | |
| 950,442 | | |
| 1,206,181 | |
Interest Income from Control Investments | |
| 160,844 | | |
| 433,638 | | |
| 329,625 | | |
| 962,746 | |
Dividend Income from Control Investments | |
| - | | |
| - | | |
| 20,647 | | |
| - | |
Other Income from Non-Control/Non-Affiliate Investments | |
| 1,080,304 | | |
| 408,586 | | |
| 1,576,823 | | |
| 584,591 | |
Other Income from Affiliate Investments | |
| 1,600 | | |
| 5,822 | | |
| 3,381 | | |
| 15,292 | |
Other Income from Control Investments | |
| 12,500 | | |
| 12,500 | | |
| 25,000 | | |
| 25,000 | |
Other Income from Non-Investment Sources | |
| 9,999 | | |
| 18,440 | | |
| 24,681 | | |
| 29,490 | |
Total Investment Income | |
| 4,829,333 | | |
| 4,912,220 | | |
| 9,569,955 | | |
| 8,998,844 | |
| |
| | | |
| | | |
| | | |
| | |
Operating Expenses | |
| | | |
| | | |
| | | |
| | |
Management Fee | |
| 548,857 | | |
| 581,329 | | |
| 1,160,786 | | |
| 1,153,887 | |
Incentive Fee | |
| 534,585 | | |
| 526,242 | | |
| 1,016,362 | | |
| 916,092 | |
Total Advisory Fees | |
| 1,083,442 | | |
| 1,107,571 | | |
| 2,177,148 | | |
| 2,069,979 | |
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| | | |
| | | |
| | | |
| | |
Allocation of Overhead Expenses | |
| 60,884 | | |
| 36,962 | | |
| 108,022 | | |
| 73,517 | |
Sub-Administration Fees | |
| 66,891 | | |
| 66,595 | | |
| 138,729 | | |
| 129,804 | |
Officers’ Compensation | |
| 76,307 | | |
| 75,913 | | |
| 152,613 | | |
| 151,826 | |
Total Costs Incurred Under Administration Agreement | |
| 204,082 | | |
| 179,470 | | |
| 399,364 | | |
| 355,147 | |
| |
| | | |
| | | |
| | | |
| | |
Directors’ Fees | |
| 38,750 | | |
| 40,750 | | |
| 84,500 | | |
| 88,696 | |
Interest Expenses | |
| 974,500 | | |
| 1,177,094 | | |
| 1,978,329 | | |
| 2,179,477 | |
Professional Services Expense | |
| 213,973 | | |
| 139,926 | | |
| 553,525 | | |
| 359,594 | |
Bank Fees | |
| 7,060 | | |
| 10,918 | | |
| 15,801 | | |
| 21,189 | |
Other | |
| 169,186 | | |
| 151,523 | | |
| 295,841 | | |
| 260,394 | |
| |
| | | |
| | | |
| | | |
| | |
Total Gross Operating Expenses | |
| 2,690,993 | | |
| 2,807,252 | | |
| 5,504,508 | | |
| 5,334,476 | |
| |
| | | |
| | | |
| | | |
| | |
Management Fee Waiver and Expense Reimbursement | |
| (223,384 | ) | |
| (248,373 | ) | |
| (720,493 | ) | |
| (531,047 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total Net Operating Expenses | |
| 2,467,609 | | |
| 2,558,879 | | |
| 4,784,015 | | |
| 4,803,429 | |
| |
| | | |
| | | |
| | | |
| | |
Net Investment Income | |
| 2,361,724 | | |
| 2,353,341 | | |
| 4,785,940 | | |
| 4,195,415 | |
Net Change in Unrealized Gain (Loss) on: | |
| | | |
| | | |
| | | |
| | |
Investments | |
| 4,859,971 | | |
| (7,624,759 | ) | |
| (2,825,862 | ) | |
| (9,639,794 | ) |
Open Swap Contract | |
| (1,875,000 | ) | |
| - | | |
| (1,650,000 | ) | |
| - | |
Net Change in Unrealized Gain (Loss) | |
| 2,984,971 | | |
| (7,624,759 | ) | |
| (4,475,862 | ) | |
| (9,639,794 | ) |
Net Realized Gain (Loss) on: | |
| | | |
| | | |
| | | |
| | |
Non-Control/Non-Affiliate Investments | |
| (4,542,001 | ) | |
| (1,131,014 | ) | |
| (4,459,640 | ) | |
| (728,107 | ) |
Affiliate Investments | |
| 1,712,323 | | |
| - | | |
| 1,712,323 | | |
| - | |
Control Investments | |
| (6,052,901 | ) | |
| (170,438 | ) | |
| (6,106,007 | ) | |
| (170,438 | ) |
Open Swap Contract | |
| 103,332 | | |
| - | | |
| 202,988 | | |
| - | |
Foreign Currency Transactions | |
| (101 | ) | |
| - | | |
| (101 | ) | |
| (1,248 | ) |
Net Realized Gain (Loss) | |
| (8,779,348 | ) | |
| (1,301,452 | ) | |
| (8,650,437 | ) | |
| (899,793 | ) |
Net Increase (Decrease) in Net Assets Resulting from Operations | |
$ | (3,432,653 | ) | |
$ | (6,572,870 | ) | |
$ | (8,340,359 | ) | |
$ | (6,344,172 | ) |
| |
| | | |
| | | |
| | | |
| | |
Earnings (Loss) per Common Share Basic and Diluted | |
$ | (0.15 | ) | |
$ | (0.55 | ) | |
$ | (0.36 | ) | |
$ | (0.53 | ) |
Net Investment Income per Common Share Basic and Diluted | |
$ | 0.11 | | |
$ | 0.19 | | |
$ | 0.21 | | |
$ | 0.35 | |
Weighted Average Shares of Common Stock Outstanding Basic and Diluted | |
| 22,527,816 | | |
| 11,949,034 | | |
| 22,851,579 | | |
| 11,913,284 | |
FULL CIRCLE CAPITAL CORPORATION AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
| |
Three months ended December 31, 2015 | | |
Three months ended December 31, 2014 | | |
Six months ended December 31, 2015 | | |
Six months ended December 31, 2014 | |
| |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | |
Per Share Data (1) : | |
| | | |
| | | |
| | | |
| | |
Net asset value at beginning of period | |
$ | 4.00 | | |
$ | 6.24 | | |
$ | 4.30 | | |
$ | 6.38 | |
Accretion (dilution) from offerings (2) | |
| - | | |
| - | | |
| - | | |
| 0.04 | |
Accretion from share repurchases(3) | |
| 0.01 | | |
| - | | |
| 0.03 | | |
| - | |
Offering costs | |
| - | | |
| (0.00 | ) | |
| - | | |
| 0.00 | |
Net investment income(4) | |
| 0.11 | | |
| 0.19 | | |
| 0.21 | | |
| 0.35 | |
Net change in unrealized gain (loss) | |
| 0.14 | | |
| (0.64 | ) | |
| (0.19 | ) | |
| (0.81 | ) |
Net realized gain (loss) | |
| (0.39 | ) | |
| (0.11 | ) | |
| (0.38 | ) | |
| (0.08 | ) |
Dividends from net investment income | |
| (0.11 | ) | |
| (0.19 | ) | |
| (0.21 | ) | |
| (0.35 | ) |
Return of capital | |
| - | | |
| (0.01 | ) | |
| - | | |
| (0.05 | ) |
Net asset value at end of period | |
$ | 3.76 | | |
$ | 5.48 | | |
$ | 3.76 | | |
$ | 5.48 | |
(1) |
Financial highlights are based on weighted average shares outstanding. |
(2) |
Accretion and dilution from offering(s) is based on the net change in net asset value from each follow-on offering. |
(3) |
Accretion from share repurchases during the period is based on the net change in net asset value from the share repurchases. |
(4) |
Net investment income (loss) per share is calculated based on the beginning of year and end of year shares outstanding. |
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Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Full Circle Capital Corp. (MM) (NASDAQ:FULL)
Historical Stock Chart
From Jul 2023 to Jul 2024