PhenixFIN (US:PFX) Globenewswire·2025-05-06 21:45Core Viewpoint - PhenixFIN Corporation reported solid financial results for the second quarter of fiscal year 2025, highlighting a net asset value (NAV) of $159 million or $78.72 per share, despite broader market volatility [2][8]. Financial Performance - Total investment income for the quarter ended March 31, 2025, was $6.0 million, with $5.9 million from portfolio interest and dividend income, and $0.1 million from fees and other income [3][8]. - Total net expenses were $5.0 million, resulting in a net investment income of $1.0 million [3][8]. - The company recorded a net realized loss of $1.1 million and a net unrealized loss of $0.5 million during the quarter [3][8]. Portfolio and Investment Activities - The fair value of the investment portfolio was $286.8 million, consisting of 36 portfolio companies [4][8]. - Two portfolio companies were on non-accrual status, with a fair market value of $1.4 million [4]. Liquidity and Capital Resources - As of March 31, 2025, the company had $8.7 million in cash and cash equivalents, $59.2 million in unsecured notes due 2028, and $79.6 million outstanding under the credit facility prior to its upsizing [5][8]. Special Dividend - A special dividend of $1.43 per share was declared on February 6, 2025, and paid on February 19, 2025, to stockholders of record as of February 17, 2025 [8]. Credit Facility Update - The company successfully extended and upsized its credit facility to $100 million, maturing on April 17, 2030, with reduced overall interest expense from SOFR+290 to SOFR+250 [2]. Investment Yield - The weighted average yield on debt and other income-producing investments was reported at 11.82% [8].