Garrison Capital Inc. Declares First Quarter 2020 Distribution of $0.15 Per Share and Announces Fourth Quarter and Fiscal Year Ended December 31, 2019 Financial Results and Earnings Call
NEW YORK, March 12, 2020 (GLOBE NEWSWIRE) -- 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 .
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 () 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 .
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 .
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 Chase
(212) 372-9590
