Investor Presentaiton
Executive Summary:
Financial Summary
New Investments
FRANKLIN BSP
LENDING
CORP
During Q2, FBLC made approximately $84 million in new investments vs. $72 million of sales and
repayments.
Net Investment
Income
Net Investment Income is $42.0 million or $0.18 per share compared to $38.3 million or $0.17 per
share during the prior quarter.
NAV
NAV per share is $7.26 at 6/30, compared to $7.28 per share at 3/31.
Leverage
Gross leverage as of 6/30 is 0.74x, compared to 0.74x at 3/31.
Dividend
Quarterly dividend of $0.13/share + a Q2 special dividend of $0.02/share
Dividend coverage was 140.1% for the quarter (excluding the special dividend), and 121.4% for
the quarter (including the special dividend).
Portfolio
$2.9 billion total fair value of investments across 146 portfolio companies.
■ Six investments on non-accrual. They represent 1.8% of cost and 0.4% of fair value.
Source: SEC filings as of 08/11/2023.
Note: PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. ANY INVESTMENT INVOLVES SIGNIFICANT RISK, INCLUDING LOSS OF THE ENTIRE INVESTMENT.
BENEFITI STREET
5
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