Ares Capital(US:ARCC)2021-12-13 19:41Financial Performance - Core EPS for Q3 2021 was $0.47 per share, compared to $0.53 in Q2 2021 and $0.39 in Q3 2020[10] - Net Investment Income Per Share for Q3 2021 was $0.40, consistent with $0.39 in both Q2 2021 and Q3 2020[10] - Net Asset Value Per Share increased to $18.52 in Q3 2021, up from $18.16 in Q2 2021 and $16.48 in Q3 2020[10] - The company carried forward excess taxable income of approximately $471 million, or $1.06 per share, from 2020 for distribution to stockholders in 2021[98] Portfolio Highlights - Total Fair Value of Investments reached $17677 million in Q3 2021, compared to $17136 million in Q2 2021 and $14358 million in Q3 2020[11] - Gross Commitments were $3110 million in Q3 2021, while Exits of Commitments totaled $2263 million[11] - The weighted average yield of debt and other income-producing securities at amortized cost was 8.6% in Q3 2021[11] - As of September 30, 2021, approximately 80% of the investment portfolio at fair value was floating rate[19] Investment Activity - From October 1, 2021, through October 20, 2021, Ares Capital made approximately $1500 million of new investment commitments, with 48% in first lien senior secured loans and 30% in second lien senior secured loans[75] - During the same period, Ares Capital exited approximately $415 million of investment commitments, with 63% in first lien senior secured loans and 33% in second lien senior secured loans[75]