Core Insights - Oxford Lane Capital Corp. announced a net asset value (NAV) estimate for its common stock ranging from $20.02 to $20.22 as of September 8, 2025, following a 1-for-5 reverse stock split effective September 5, 2025 [1] - The NAV estimate is preliminary and unaudited, and may differ materially from the final NAV for the quarter ending September 30, 2025 [1][2] - The fair value of the company's portfolio investments may be significantly affected by market volatility and other unknown factors after September 8, 2025 [1] Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [3] - The company may also invest in warehouse facilities, which are financing structures used to aggregate loans for CLO formation [3]

Group 1 - FS KKR Capital (NYSE: FSK) is trading at a significant discount to its net asset value (NAV) per share while offering a double-digit base dividend yield from a credit portfolio under elevated stress [1] - The company is based in Philadelphia and operates as a Business Development Company (BDC) [1] - The equity market serves as a mechanism for wealth creation or destruction over the long term, with Pacifica Yield focusing on undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Company Overview - ArrowMark Financial Corp. is a non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX" [2] - The investment objective of ArrowMark Financial is to provide shareholders with current income by primarily investing in regulatory capital securities of financial institutions [2] - The fund is managed by ArrowMark Asset Management, LLC [2] Financial Performance - As of August 31, 2025, ArrowMark Financial's estimated and unaudited Net Asset Value (NAV) was $22.68 [1]

Core Points - The net asset value of INVL Technology as of June 30, 2025, is reported to be EUR 52,026,456, which translates to EUR 4.3484 per share [1] Summary by Category Financial Performance - The net asset value indicates the overall financial health of INVL Technology, providing a per-share valuation that can be used for investment analysis [1] Company Information - Kazimieras Tonkūnas is the authorized person for providing additional information regarding INVL Technology, indicating a point of contact for stakeholders [1]

Core Viewpoint - The Gabelli Equity Trust Inc. has declared a cash distribution of $0.15 per share, reaffirming its commitment to a 10% distribution policy, payable on September 23, 2025 [1]. Distribution Policy - The Fund aims to pay a minimum annual distribution of 10% of its average net asset value, calculated based on the last day of the four preceding calendar quarters [2]. - The Board of Directors reviews potential distributions quarterly, considering the Fund's net asset value and market conditions, with the policy subject to modification [3]. Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4]. - Shareholders with income exceeding certain thresholds may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4]. Earnings and Return of Capital - If the Fund's earnings do not meet the total distributions, the excess amount will be considered a return of capital, generally not taxable and reducing the shareholder's cost basis [5]. - In 2025, distributions to common shareholders are estimated to consist of approximately 4% from net investment income, 26% from net capital gains, and 70% as a return of capital [6]. Company Overview - The Gabelli Equity Trust Inc. is a diversified, closed-end management investment company with total net assets of $2.1 billion, focusing on long-term capital growth [7].

Group 1 - ArrowMark Financial Corp. announced an estimated and unaudited Net Asset Value (NAV) of $22.22 as of July 31, 2025 [1] - ArrowMark Financial is a non-diversified, closed-end fund listed on NASDAQ under the symbol "BANX" with the objective of providing current income to shareholders [2] - The fund primarily invests in regulatory capital securities of financial institutions and is managed by ArrowMark Asset Management, LLC [2] Group 2 - The company's financial reports and regulatory filings are available on the SEC's website and its own website [4]

Core Viewpoint - Chicago Atlantic BDC, Inc. reported its financial results for the second quarter ended June 30, 2025, highlighting significant investment activity and a slight increase in net asset value per share [1][2][5]. Financial Performance - Total investment income for the second quarter was approximately $13.1 million, with net investment income of about $7.7 million, translating to $0.34 per weighted average share [5][9]. - The company incurred net expenses of approximately $5.4 million during the same period, resulting in a net increase in net assets from operations of approximately $8.6 million, or $0.38 per weighted average share [5][19]. Investment Activity - The company deployed $56 million in gross fundings during the second quarter, with a growing originations pipeline of over $780 million across cannabis and non-cannabis opportunities [3][10]. - Nine portfolio companies were funded with an aggregate par value of $39.1 million during the second quarter, and an additional $17.2 million was funded across five borrowers subsequent to the quarter end [9][10]. Liquidity and Capital Resources - As of June 30, 2025, the company had $108.8 million in liquidity, including $13.8 million in cash and cash equivalents, and $5.0 million in borrowings outstanding on its $100 million senior credit facility [6][9]. - By August 14, 2025, the company had no outstanding borrowings on its senior credit facility and $125.4 million in liquidity [6]. Net Asset Value - The net asset value (NAV) per share increased to $13.23 as of June 30, 2025, compared to $13.19 as of March 31, 2025, driven by growth in net assets from operations [7][9]. - Total net assets as of June 30, 2025, were $301.8 million, up from $301.0 million as of March 31, 2025 [7][18]. Dividend Declaration - The company declared a cash dividend of $0.34 per share for the quarter ending September 30, 2025, payable on October 10, 2025, to shareholders of record as of September 29, 2025 [11][9].

Fund Basics - An open-end fund is a mutual fund that can issue unlimited new shares [1] - Shares are priced daily based on their net asset value [1] - The fund sponsor directly sells shares to investors and buys them back [1]

Financial Performance - Net investment income (NII) was $173 million, or $0.62 per share, down from $187 million, or $0.67 per share in the previous quarter[2] - Adjusted net investment income (Adjusted NII) was $168 million, or $0.60 per share, compared to $182 million, or $0.65 per share for the quarter ended March 31, 2025[2] - Net asset value (NAV) per share decreased to $21.93 as of June 30, 2025, from $23.37 as of March 31, 2025[2] - Adjusted NII coverage of the base dividend was 94%, and total dividend coverage was 86% for the quarter ended June 30, 2025[2] Investment Activity & Portfolio - New investment fundings totaled approximately $1.4 billion in the second quarter[2] - Net investment activity for the second quarter was $311 million, including $561 million of sales to Credit Opportunities Partners JV, LLC (COPJV)[2] - The portfolio is diversified across 218 companies in 23 industries[2,10] - Exposure to the top ten largest portfolio companies was 19% of the total portfolio fair value[2,10] - Senior secured investments represent 64.1% of the portfolio fair value, or 73.4% when looking through to COPJV investments[10,16] Capital Structure & Liquidity - The company has $3.1 billion of liquidity, including undrawn debt, cash, and unsettled trades[2,26] - 54% of drawn leverage was unsecured as of June 30, 2025, and the weighted average effective rate on borrowings was 5.34%[2,28] - 90% of liabilities mature in 2027 and beyond[2,26]

Core Insights - Gladstone Capital reported steady net investment income per share at $0.50, slightly above expectations, while GAAP revenue was $21.7 million, just below the consensus of $21.88 million [1][2] - The company experienced significant realized losses of $3.62 million, marking an $11.33 million swing from the previous quarter's gain [1][7] - Net Asset Value (NAV) per share decreased by 0.7% quarter over quarter, indicating pressure on asset values [1][2] Financial Performance - Net investment income remained stable at $11.3 million, with a slight increase of 0.9% from the previous quarter [2] - Total investments at fair value decreased by $11.38 million, or 1.5%, despite a $72.95 million investment in new portfolio companies, a 60% increase from the prior quarter [5][7] - The weighted average yield on interest-bearing investments rose to 12.8% from 12.6% in the prior quarter, reflecting improved portfolio returns [6] Dividend Policy - The quarterly dividend distribution was maintained at $0.495 per share, resulting in a 100% payout ratio, indicating a commitment to income stability for shareholders [12][13] - Monthly distributions of $0.165 per share were declared for Q4 FY2025, showing consistency in shareholder returns [13] Business Overview - Gladstone Capital focuses on providing debt and equity financing to lower middle market companies, primarily through secured first lien and second lien loans [3][10] - The company emphasizes credit quality, with over 70% of debt investments being first lien loans, which offer a layer of protection against credit losses [4][10] Strategic Developments - Management expanded its credit facility to $320 million to enhance flexibility and support future investments [8] - Following the quarter-end, the company closed $76.7 million in new investments and $16.6 million in add-ons, indicating confidence in capital redeployment [9][8] Future Outlook - Management did not provide explicit forward guidance but highlighted a strong deal pipeline and the expectation of reduced portfolio repayments, which could support future earnings growth [14]