This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of Carlyle Capital Corporation Limited. Certain of the information contained in this press release represents or is based upon forward looking statements or information. Forward-looking statements are inherently uncertain, and changing factors, such as those affecting the markets generally, or those affecting particular industries or issuers, may cause events or results to differ from those discussed. Therefore, undue reliance should not be placed on such statements or the conclusions drawn therefrom, which in no event shall be construed as a guarantee of future performance, results or courses of action. Each of The Carlyle Group and the Company expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements. No statement in this press release is intended to be nor may be construed as a profit or dividend forecast, and there can be no assurance that any assumptions described herein or any returns or targets indicated herein will be achieved.
The Class B shares and the related restricted depository shares of the Company are subject to a number of ownership and transfer restrictions, including restrictions that limit the ability of U.S. persons to acquire or hold such securities.
Results of Operations
(All amounts in USD unless otherwise specified)
Three Months Nine Months For the Period
Ended Ended Ended September
September September 16, 2006 through
30, 2007 30, 2007 30-Sep-2006
(in thousands, except
per share data)
Income
Interest income $343,179 $769,004 $18
Interest expense
(including amortization
and write-off of debt
issuance costs of $4,509,
$4,752, and $0 for the
three months and nine
months ended September 30,
2007 and for the period
ended September 30,
2006) 313,667 693,962 16
Net interest income 29,512 75,042 2
Net change in fair value
on financial instruments
at fair value through
profit and loss (45,549) (44,797) (307)
Total income (loss)
before operating
expenses (16,037) 30,245 (305)
Operating expenses
Management fee 3,918 8,339 -
Incentive fee - 4,681 -
Professional services 646 1,844 -
Related party operating
expenses 581 1,710 -
Other operating expenses 1,192 2,629 -
Share-based compensation 11,840 11,840 -
Total operating expenses 18,177 31,043 -
Net (loss) $(34,214) $(798) $(305)
Net income attributable
to
Minority interest $- 6 -
Class B shares $(34,214) (804) -
Total net income $(34,214) $(798) $-
Basic (loss) per Class B
share $(0.74) $(0.03)
Web site: http://www.carlylecapitalcorp.com
U.S., Jack Gutt, +1-212-850-5725, jack.gutt@fd.com, or Europe, Robert Bailhache, +44-20-7269-7200, robert.bailhache@fd.com, both of FD
