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):

 

May 4, 2015 (May 4, 2015)

 

CAPITALA FINANCE CORP.

(Exact name of registrant as specified in its charter)

 

 

Maryland

814-01022

90-0945675

(State or other jurisdiction

(Commission File Number)

(I.R.S. Employer Identification No.)

of incorporation)

 

 

4201 Congress St., Suite 360

Charlotte, NC 28209

(Address of principal executive offices and zip code)

 

Registrant’s telephone number, including area code: (704) 376-5502

 

 

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 May 4, 2015, Capitala Finance Corp. issued a press release announcing certain estimates of its results of operations for the quarter ended March 31, 2015, the text of which is attached hereto as Exhibit 99.1.

 

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, as amended, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(a)

Not applicable.

 

(b)

Not applicable.

 

(c)

Not applicable.

 

(d)

Exhibits.

 

Exhibit No.

Description

 

99.1

Press release dated May 4, 2015

 

 

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: May 4, 2015

CAPITALA FINANCE CORP.

 

 

By: /s/ Stephen A. Arnall

Stephen A. Arnall

Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

 

 

Capitala Finance Corp. Announces Estimates of First Quarter Net Asset Value, Net Investment Income, and Net Realized Gains

 

CHARLOTTE, N.C., May 4, 2015 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (the “Company” or “Capitala”) (Nasdaq:CPTA) announced today estimates of net asset value (“NAV”), net investment income (“NII”), and net realized gains for the period ended March 31, 2015.

 

At March 31, 2015, the Company’s NAV is expected to be approximately $238.2 million, or $18.35 per share.

 

For the three months ending March 31, 2015, the Company’s NII is expected to be approximately $4.8 million, or $0.37 per share, while net realized gains are expected to total approximately $9.3 million, or $0.72 per share.

 

Based on the estimated NAV of $18.35 per common share as of March 31, 2015, the Company expects the previously announced $0.62 per common share of distributions payable during the second quarter of 2015 to result in an annualized distribution yield on the Company’s common stock of approximately 13.5%.

 

About Capitala Finance Corp.

 

Capitala Finance Corp. is a business development company that invests primarily in traditional

mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by lower and traditional middle-market companies. The Company is managed by Capitala Investment Advisors, LLC. For more information about the Company, please visit www.CapitalaGroup.com.

Forward-Looking Statements

 

This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify 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 the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

 

 

SOURCE: Capitala Finance Corp.

 

Capitala Finance Corp.

Stephen Arnall, Chief Financial Officer

704-376-5502

sarnall@capitalagroup.com