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CSC - Capital Southwest Corporation
CSC - Capital Southwest Corporation
10/23/2012 | Press release
10.23.12 September 30, 2012 Net Asset Value
distributed by noodls on 10/23/2012 19:02
12900 Preston Road, Suite 700
Dallas, Texas 75230
T 972.233.8242
F 972.233.7362
CAPITAL SOUTHWEST CORPORATION ANNOUNCES 9/30/12 NET ASSET VALUE
DALLAS - October 23, 2012 - Capital Southwest Corporation (NASDAQ: CSWC) today reported total net assets at September 30, 2012 of $602,242,516 equivalent to $158.65 per share.
Comparative annual data is summarized below:
During the six months ended September 30, 2012, net assets decreased $26,464,490. This decrease is primarily related to a $28,200,551 decrease in unrealized appreciation of investments resulting from the sale of 2,774,250 shares of common stock of Encore Wire, Inc. and offset by improved earnings in our restricted holdings. As a result, total unrealized gains included in earnings that relate to assets still held at September 30, 2012 are $54,724,826.
Assuming reinvestment of all dividends and tax credits on retained long-term capital gains, the
September 30, 2012 net asset value was 14.2% greater than the March 31, 2012 net asset value of
$167.45 per share and 44.3% above the September 30, 2011 net asset value of $133.75 per share. It is important to note that during the six months ended September 30, 2012, we distributed
$66,825,782 or $17.59 per share of capital gains dividends and $1,505,675 or $0.40 per share in ordinary dividends to our shareholders. The assumed reinvestment of the capital gains distribution has positively impacted the rate of return.
About Capital Southwest Corporation
Capital Southwest is celebrating over 50 years of helping companies grow and prosper. Since our founding in 1961, we have operated as a business development company with a refreshingly different mindset: we provide capital to exceptional businesses and have the patience and flexibility to hold investments indefinitely, enabling companies to achieve their potential. Visit our website at www.CapitalSouthwest.com to learn about our investment criteria and how our capital can accelerate your company's growth.
This press release may contain historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of
the Company. The words "believe,"
"expect," "intend," "plan,"
"should" and similar expressions are intended to
identify forward- looking statements. Such statements reflect
the current views, assumptions and expectations of the
Company with respect to future events and are subject to
risks and uncertainties. Many factors could cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements, including, among others, changes
in
the markets in which the Company operates and in general
economic and business conditions, competitive pressures,
changes in business strategy and various other factors, both
referenced and not referenced in this press release. Certain
factors that may affect the Company and its results of
operations, are included in the "Risk Factors" section of the
Company's Annual Report on Form 10-K for the fiscal year
ended March 31, 2012 and the Company's subsequent periodic
filings with the Securities and Exchange Commission. The
Company does not assume any obligation to update these
forward-looking statements. This release may also contain
non- GAAP financial measures. These measures are included to
facilitate meaningful comparisons of our results to those in
prior periods and future periods and to allow a better
evaluation of our operating performance, in management's
opinion. Our reference to any non-GAAP measures should not be
considered as a substitute for results that are presented in
a manner consistent with GAAP. These non-GAAP measures are
provided only to enhance investors overall understanding of
our financial performance.
