ARES CAPITAL CORP - Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Ares Capital Corporation on November 6, 2008. The filing primarily serves to announce the company's financial results for the quarter ended September 30, 2008, and to disclose a new dividend declaration and fund establishment.
Key Financial Metrics
The filing text references a press release (Exhibit 99.1) containing the detailed financial results for the quarter ended September 30, 2008. However, this specific 8-K document does not explicitly state numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Investors must refer to the attached press release for these specific figures.
Material Changes and Announcements
- Dividend Declaration: The company declared a fourth-quarter dividend of $0.42 per share.
- Payment Details: The dividend is payable on January 2, 2009, to stockholders of record as of December 15, 2008.
- New Fund Establishment: The company announced the establishment of the Ivy Hill Middle Market Credit Fund II.
Guidance, Outlook, and Risks
The filing does not contain specific management commentary, forward-looking guidance, or a detailed discussion of risks and contingencies within the body of the 8-K. Such information is contained within the referenced press release (Exhibit 99.1). The filing notes that the information is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Key Facts for Investor Verification
- Verify the specific Q3 2008 financial performance metrics (revenue, net income, book value) in the attached press release (Exhibit 99.1).
- Confirm the record date (December 15, 2008) and payment date (January 2, 2009) for the $0.42 per share dividend.
- Review the terms and capitalization details of the newly established Ivy Hill Middle Market Credit Fund II.
- Assess the impact of the Q3 2008 results on the company's liquidity and capital adequacy given the market conditions of late 2008.