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BlackRock Capital Investment Corporation ™ BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended June 30 , 2021 , Declares Quarterly Cash Distribution of $ 0.10 per Share August 5 , 2021 • GAAP Net Investment Income ( " NII " ) of $ 0.07 per share , or $ 4.8 million , was up 15.6 % from the first quarter , which provided second quarter distribution coverage of 65 % , an improvement from 56 % in the first quarter . • Net Asset Value ( " NAV " ) increased to $ 347.2 million , up 7.5 % from $ 322.9 million at the end of the first quarter of 2021 ; NAV per share increased 7.6 % to $ 4.68 per share from $ 4.35 per share , primarily due to net realized and unrealized gains of $ 27.2 million during the quarter . • Strong gross deployments in senior secured debt of $ 88.9 million with sixteen new portfolio companies added , and further progress towards reducing junior capital and non - core exposure including previously disclosed exit on Red Apple . • Net leverage of 0.56x as of June 30 , 2021 , up from 0.38x as of March 31 , 2021 , primarily driven by net deployments during the current quarter . • Total liquidity for portfolio company investments , including cash , was approximately $ 230 million , subject to leverage and borrowing base restrictions . • Under the existing share repurchase program , 80,944 shares were repurchased during the second quarter for approximately $ 0.3 million at an average price of $ 3.73 per share , including brokerage commissions . • Subsequent to June 30 , 2021 , the Company exited its equity investment in SVP - Singer Holdings LP ( " SVP " ) , a non - core legacy portfolio company , as a result of the sale of SVP . The exit resulted in $ 19.6 million of cash proceeds and newly issued equity with a cost basis of approximately $ 6 million . NEW YORK -- ( BUSINESS WIRE ) -- Aug . 5 , 2021-- BlackRock Capital Investment Corporation ( NASDAQ : BKCC ) ( " BCIC " or the " Company , " " we , " " us " or " our " ) announced today that its Board of Directors declared a quarterly distribution of $ 0.10 per share , payable on October 6 , 2021 to stockholders of record at the close of business on September 15 , 2021 . " We generated strong momentum in the second quarter , growing our investment portfolio by $ 91 million , improving NII by 15.6 % and delivering a 7.5 % increase in NAV , " said James E. Keenan , Chairman and Interim CEO of the Company . " We have nearly completed our strategic rotation out of non - core , legacy assets , while building the portfolio for stable , long - term strength . We deployed nearly $ 89 million in the quarter , including investments in 16 new portfolio companies , setting the stage for continued improvement in our results for our stockholders . " " We continue draw upon the power the BlackRock platform to identify compelling new opportunities with solid risk - adjusted returns , focusing on senior secured debt - and first lien loans in particular , " Keenan said . " The second quarter of 2021 represented our strongest level of gross deployments in two years . Of the new investment dollars in the quarter , 77 % was in first lien term loans . Approximately 64 % of the portfolio now consists of first lien investments , up from 34 % at the end of 2019. " First Lien Debt Second Lien Debt Deployments Repayments / Exits Non - Core & Junior Capital Other Core Assets Portfolio Composition First Lien Debt Second Lien Debt Junior Capital¹ Portfolio Company Count Non - Core Assets Pro Forma³ June 30 , 2021 66 % 22 % 12 % " We also remain intently focused on diversifying the portfolio to capitalize on a broader range of sectors and opportunities , and also to safeguard against potential challenges in any given industry , " Keenan added . " We closed the second quarter with 74 portfolio companies , up from 60 in the prior quarter and 47 at the end of 2019. This represents remarkable progress- and we fully anticipate making more headway in the back half of 2021. " 74 $ in Millions 69 20 Three Months Ended June 30 , 2021 19 6 June 30 , 2021 64 % 21 % 15 % 74 December 31 , 2020 50 % 27 % 23 % % 55 77 % 23 % 73 % 27 % December 31 , 2019 34 % 23 % 43 % 47