Certain information discussed in this conference call, as well as the accompanying slide presentation, including credit ratings and information related to portfolio companies, was derived from or obtained from third-party sources that have not been independently verified, and, accordingly, the company makes no representation or warranty with respect to this information. The company's fourth quarter and year-end 2025 earnings presentation can be found on the company's website at www.arescapitalcorp.com by cl ...

Through the first nine months of fiscal 2026, Gladstone Investment said it invested approximately $163 million across four new portfolio companies , compared with about $221 million invested during all of fiscal 2025. Dullum emphasized that the firm’s strategy typically involves becoming the majority economic owner while financing acquisitions with a mix of equity and debt—equity for potential capital gains at exit and debt to generate recurring income to support shareholder distributions.The asset increase ...

HOUSTON, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of January 31, 2026. As of January 31, 2026, the Company’s net assets were $2.5 billion, and its net asset value per share was $14.55. As of January 31, 2026, the Company’s asset coverage ratio under t ...

Bitcoin's dip to around $75,500 briefly pushed the price just below Strategy’s (MSTR) average purchase cost of roughly $76,037 per coin. That may sound alarming at first glance, and it technically puts Michael Saylor's firm underwater on its bitcoin holdings, but it doesn’t fundamentally change the company’s financial position. There is no balance sheet stress and no forced selling risk. What it does is slow down its future bitcoin buying. Strategy currently holds 712,647 bitcoin — all of it unencumbere ...

Regulated information, Leuven, 30 January 2026 (17.40 hrs CET) Interim Financial Report 2025/2026 KBC Ancora recorded a profit of EUR 74.4 million in the first half of the financial year 2025/2026. This compared with a profit of EUR 73.9 million in the same period in the previous financial year. The result for the first six months of the financial year was determined chiefly by dividend income totalling EUR 77.5 million from the participating interest in KBC Group, operating costs of EUR 1.5 million and int ...

Core Viewpoint - Strategy, formerly known as MicroStrategy, has experienced a significant decline in stock value, losing 62% since its peak last June, primarily due to the volatility of Bitcoin prices and investor concerns regarding the company's financial structure [2][5][10]. Company Overview - Strategy transitioned from a traditional enterprise software company to a hybrid Bitcoin Development Company, with current Bitcoin holdings representing approximately 3.2% of the total supply, equating to over 672,000 BTC [4]. - The company's stock was initially valued at around twice the value of its Bitcoin holdings, but this premium has diminished significantly [5][7]. Financial Performance - The value of Strategy's Bitcoin holdings surged from $1.9 billion in March 2021 to $23.9 billion by the end of 2024, but the stock began to decline as Bitcoin's price fell [5]. - In the first half of 2025, $8.1 billion in earnings were attributed to Bitcoin price appreciation, while the value of Bitcoin holdings dropped by $17 billion in the fourth quarter [6]. Debt and Obligations - Strategy has substantial financial obligations, including $21 billion owed to lenders and preferred shareholders, and must pay over $844 million to investors within the next year [7]. - The company's liquidity is not immediately threatened, with $8.2 billion in unsecured debt and 21 months of cash reserves [9]. Stock Valuation and Market Sentiment - The stock's net asset value multiplier has decreased from over 2.4 in late 2024 to around 1.1 in January 2026, reflecting investor fears and high share dilution [7]. - Analysts suggest that the stock could have a 153% upside potential if Bitcoin prices increase, with average price targets around $440 [9]. Future Scenarios - Three potential scenarios for Strategy's stock are outlined based on Bitcoin's price movements: - Status Quo (Bitcoin between $85,000 and $100,000): Stock likely trades between $150 and $250 - Optimistic (Bitcoin between $100,000 and $150,000): Price targets set between $450 and $474 - Pessimistic (Bitcoin falls below $80,000): Stock could drop below $100 [10][15]. Leadership and Market Influence - Executive Chair Michael Saylor has made bold predictions about Bitcoin's future value, which could influence investor sentiment and stock performance [8][13]. - The company's aggressive strategy of leveraging debt to acquire Bitcoin has led to increased volatility in stock performance, particularly during market downturns [15].

Core Insights - MSC Income Fund, Inc. announced strong preliminary operating results for the fourth quarter of 2025, highlighting a significant increase in net asset value per share and a return on equity exceeding 16% for the quarter [2][5]. Preliminary Operating Results - The estimated net investment income (NII) for the fourth quarter of 2025 is projected to be between $0.26 and $0.30 per share, with an adjusted net investment income (ANII) estimated between $0.32 and $0.36 per share [3][21]. - The estimated net asset value (NAV) per share as of December 31, 2025, is between $15.81 and $15.89, reflecting an increase of $0.27 to $0.35 per share, or 1.8% to 2.3% from the previous quarter [4]. Investment Portfolio Activity - The Fund's fourth quarter included $100.9 million in total private loan portfolio investments, resulting in a net increase of $57.1 million in the total cost basis of the private loan investment portfolio [7]. - Additionally, there were $23.0 million in total lower middle market (LMM) portfolio follow-on investments, leading to a net increase of $14.9 million in the total cost basis of the LMM investment portfolio [8]. Federal Tax Treatment of Dividends - MSC Income's total dividends for 2025 were $1.44 per share, with approximately 81% taxed as ordinary income, 18% as qualified dividends, and 1% as long-term capital gains [9]. - For non-U.S. shareholders, approximately 64% of the dividends relate to "interest-related" dividends, short-term capital gains, and long-term capital gains, which are exempt from U.S. withholding tax [10]. Upcoming Earnings Release - The Fund will release its fourth quarter and full year 2025 results on February 26, 2026, with a conference call scheduled for February 27, 2026, at 11:00 a.m. Eastern time [12].

Core Viewpoint - ArrowMark Financial Corp. announced an estimated and unaudited Net Asset Value (NAV) of $21.96 as of December 31, 2025 [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]

Core Insights - Adams Diversified Equity Fund, Inc. reported a total return of 18.9% on its net asset value for 2025, outperforming the S&P 500 Index and Morningstar U.S. Large Blend Category returns of 17.9% and 16.2%, respectively [1][2] - The Fund's market price return for the same period was 25.7% [1] - The Fund distributed $1.85 per share in income dividends and realized capital gains, resulting in an annual distribution rate of 8.1% on net asset value [2] Performance Metrics - The annualized returns for the Fund as of December 31, 2025, were as follows: - 1 Year: 18.9% (NAV), 25.7% (market price) - 3 Year: 23.3% (NAV), 28.3% (market price) - 5 Year: 15.0% (NAV), 17.1% (market price) - 10 Year: 15.5% (NAV), 16.6% (market price) - Comparatively, the Morningstar U.S. Large Blend Category and S&P 500 returns were lower across all time frames [3] Net Asset Value - As of December 31, 2025, the Fund's net assets increased to $3,028,642,556 from $2,662,523,552 in 2024, with shares outstanding rising to 122,535,119 from 117,585,976 [5] - The net asset value per share rose to $24.72 from $22.64 year-over-year [5] Portfolio Holdings - The top ten equity holdings as of December 31, 2025, accounted for 42.8% of net assets, with NVIDIA Corporation at 7.9%, Apple Inc. at 7.3%, and Microsoft Corporation at 6.6% [6] Sector Weightings - The sector allocations as of December 31, 2025, were: - Information Technology: 34.1% - Financials: 13.4% - Communication Services: 10.5% - Consumer Discretionary: 10.2% - Health Care: 9.6% [8]

Group 1 - The net asset value (NAV) per unit of the Baltic Horizon Fund increased to EUR 0.5451 at the end of December 2025, up from EUR 0.5446 as of 30 November 2025 [1] - The total net asset value of the Fund remained stable at EUR 78.2 million as of the end of December 2025, unchanged from the previous month [1] - The Fund generated consolidated net rental income of EUR 1.0 million in December 2025, consistent with November 2025, and achieved a total of EUR 11.7 million for the year [1] Group 2 - As of the end of December 2025, the Fund's consolidated cash and cash equivalents were EUR 5.4 million, down from EUR 5.7 million at the end of November 2025, with EUR 4.0 million restricted under credit agreements [2] - The total consolidated assets of the Fund were EUR 216.6 million at the end of December 2025, slightly decreasing from EUR 217.2 million in November 2025 [2] - The valuation of investment properties was confirmed at EUR 208.7 million by independent valuators, although there is uncertainty regarding the business continuity of the anchor tenant in Riga, indicating a downside risk [2] Group 3 - The Fund is currently meeting all financial covenants under credit agreements or has obtained waivers, except for three Latvian property loans, which are expected to be prolonged in Q1 2026 [3] - The Fund anticipates falling short of the requirement to maintain a consolidated equity ratio of at least 37.5% as per bond terms, with a report scheduled for release on 17 February 2026 [3] - Management will decide on the offering of new units by the time of the preliminary consolidated financial statements release, as mandated by unitholders in December 2025 [3]