Garrison Capital Inc. Declares First Quarter 2020 Distribution of $0.15 Per Share and Announces Fourth Quarter and Fiscal Yea...
13 March 2020 - 8:16AM
Garrison Capital Inc. (the “Company”), a business development
company (Nasdaq: GARS), today announced its financial results for
the fourth quarter and fiscal year ended December 31, 2019. Net
investment income for the quarter and year ended December 31,
2019 was $2.5 million, or $0.16 per share, and
$12.6 million, or $0.79 per share, respectively. The net
decrease in net assets resulting from operations for the quarter
and year ended December 31, 2019 was $6.2 million, or
$0.38 per share, and $18.9 million, or $1.17 per
share, respectively. The Company’s Board of Directors declared a
first quarter dividend of $0.15 per share payable on March 31, 2020
to stockholders of record as of March 20, 2020.
The Company issued a full detailed presentation
of its fourth quarter 2019 results, which can be viewed at
www.garrisoncapitalbdc.com.
Earnings Conference Call
The Company will host an earnings conference call at 11:00 a.m.
(Eastern Time) on Friday, March 13, 2020, to discuss its fourth
quarter and fiscal year ended December 31, 2019 financial results.
All interested parties are welcome to participate. The conference
call can be accessed at the following dial-in number: (888)
588-0798. International callers can access the conference call by
dialing (706) 634-6548. All participants will need to enter the
Conference ID 2390875. All participants are asked to dial-in
to the conference call 10-15 minutes prior to the call so that
their name and company information can be collected.
During the earnings conference call, the Company
intends to refer to the Q4 2019 Garrison Capital Inc. Earnings
Presentation, which will be available prior to the conference call
on the Investor Relations section of the Company’s website
(www.garrisoncapitalbdc.com) under Webcasts &
Presentations.
An archived replay of the call will be available
within two hours after the call until 11:59 p.m. (Eastern Time) on
April 13, 2020. To hear the replay, please dial (855) 859-2056.
International callers, please dial (404) 537-3406. For all replays,
please enter the Conference ID 2390875.
ABOUT GARRISON CAPITAL INC.
Garrison Capital Inc. is a business development company that
primarily invests in loans to U.S. based companies. The Company’s
investment activities are managed by its investment adviser,
Garrison Capital Advisers LLC, an affiliate of Garrison Investment
Group LP (“Garrison Investment Group”). For more information, go to
http://www.garrisoncapitalbdc.com.
ABOUT GARRISON INVESTMENT GROUP
Garrison Investment Group is an alternative investment and asset
management firm founded in March 2007. Garrison Investment Group
invests opportunistically in debt and equity, primarily in the
areas of corporate finance, real estate finance and structured
finance. For more information, go to
http://www.garrisoninv.com.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those expressed or implied in the
forward-looking statements as a result of a number of factors,
including those described from time to time in filings with the
Securities and Exchange Commission. The Company undertakes no duty
to update any forward-looking statement made herein. All
forward-looking statements speak only as of the date of this press
release.
Contact:Garrison Capital Inc.Brian
Chasewww.garrisoncapitalbdc.com(212) 372-9590
Garrison Capital (NASDAQ:GARS)
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