DividendNews - BlackRock Kelso Raising Equity Again; Will It Be Able to Maintain its Dividend?

BlackRock Kelso Raising Equity Again; Will It Be Able to Maintain its Dividend?

Published Oct 19, 2010 on Seeking Alpha

At close of business on October 18, 2010, upper middle market Business Development Company ("BDC"), Blackrock Kelso (BKCC) announced its intention to issue another 6.9mn shares (including the underwriters over allotment), presumably just below the $12.69 closing price. That will bring around $80mn in new equity, or an extra 13% addition to the equity line on the balance sheet as measured at the last earnings report in June 2010.We have a few immediate thoughts:... Read more

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