Quarter Ended
March 31, 2020
Year Ended
December 31, 2019
Dollars in millions except per share amounts
Comprehensive Investment Portfolio (Fair Value)1
$1,557
$1,804
Debt Outstanding
$521
$594
Net Asset Value
$813
$906
Net Investment Income per share
$0.38
$1.71
Distribution(s) Declared
$0.41
$1.64
NAV Per Share
$19.24
$21.44
Net Debt(2)/ Equity
0.57x
0.64x
(1) Comprehensive Investment Portfolio is comprised of Solar Capital Ltd.'s investment portfolio, Crystal Financial's ("Crystal") full portfolio (including ownership of its SBIC), and NEF Holdings, LLC's ("NEF") full portfolio and excludes their fair value of the equity interests in Crystal and NEF.
(2) Net Debt defined as the sum of all debt facilities payable less cash and cash equivalents