Core Insights - PhenixFIN Corporation reported a strong start to fiscal year 2025, focusing on strategic priorities such as platform growth and investment opportunities, resulting in an increase in NAV per share to $80.59 as of December 31, 2024 [4][9]. Financial Performance - Total investment income for the first quarter ended December 31, 2024, was $6.2 million, with $5.9 million from portfolio interest and dividend income, and $0.3 million from fees and other income [4][9]. - Total net expenses were $4.6 million, leading to a net investment income of $1.6 million [5][9]. - The company recorded a net realized gain of $1.2 million and a net unrealized loss of $0.3 million during the quarter [5][9]. Portfolio and Investment Activities - The fair value of the investment portfolio was $300.1 million, comprising 43 portfolio companies, with $1.5 million in non-accrual status [6][9]. - The weighted average yield on debt and other income-producing investments was 13.3% [9]. Liquidity and Capital Resources - As of December 31, 2024, the company had $7.2 million in cash and cash equivalents, $59.2 million in unsecured notes due 2028, and $84.0 million outstanding under the Credit Facility [7][9]. Shareholder Returns - The Board declared a special dividend of $1.43 per share, payable on February 18, 2025, to stockholders of record as of February 17, 2025 [9].
PhenixFIN Corporation Announces Fiscal First Quarter 2025 Financial Results