Core Insights - NB Private Equity Partners (NBPE) reported a monthly NAV estimate as of 31 October 2025, with a total NAV of $1.3 billion [1] - The company maintains its existing dividend policy targeting an annualized yield on NAV of 3.0% or greater [4] NAV Performance - NAV total return (TR) for the year-to-date is 3.4%, with a one-year return of 4.3% and a ten-year return of 163.3% [4] - The MSCI World TR outperformed NBPE with a year-to-date return of 20.2% and a ten-year return of 220.9% [4] - Share price TR showed a slight decline of 0.2% for the month, but a significant ten-year return of 215.9% [4] Portfolio Update - NAV per share was reported at $27.52, with a total return of 0.3% for the month [7] - Approximately 50% of valuation information was based on Q3 private company data, with private investments appreciating by 0.8% on a constant currency basis [6][8] - The company repurchased approximately 658,000 shares in October 2025, resulting in an NAV per share accretion of ~$0.11 [7][14] Liquidity and Capital Allocation - As of 31 October 2025, NBPE had $277 million in available liquidity, including $67 million in cash and liquid investments [11] - The company plans to increase allocation to new investments by at least $100 million over the next three to six months [7] - An acceleration of the $120 million three-year share buyback program reflects the Board's confidence in the portfolio [7] Realisations and Investment Activity - Year-to-date, the company announced $165 million in realisations with an aggregate uplift of 17% to carrying value [7] - In October alone, $64 million of realisations were reported [9] - The company has deployed $23 million year-to-date into new and follow-on investments, with a strong pipeline of opportunities [10][13] Portfolio Composition - As of 31 October 2025, 79% of the portfolio is in North America and 21% in Europe [16] - The portfolio is diversified across various industries, with 21% in Tech, Media & Telecom, 20% in Consumer/E-commerce, and 19% in Industrials [16] - The majority of investments are in private direct investments, with 78.1% of the total portfolio value attributed to the top 30 investments [15]

The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) increased to EUR 0.6783 at the end of October 2025 (0.6773 as of 30 September 2025). The month-end total net asset value of the Fund was EUR 97.4 million (EUR 97.2 million as of 30 September 2025). The EPRA NRV as of 31 October 2025 stood at EUR 0.7238 per unit. In October 2025, the Fund generated the consolidated net rental income of EUR 1.0 million (EUR 1.0 million in September 2025 excluding the EUR 0.5 million decrease from allowan ...

Core Insights - The ongoing regulatory restrictions on overseas mutual fund investments have led to a significant premium on overseas ETFs, distorting their market prices compared to their net asset values (NAV) [1][18] - High demand for a limited number of overseas ETFs has resulted in prices that exceed their actual value, creating a gap between the indicative NAV (iNAV) and market price [1][18] - Investors are currently paying hefty premiums for ETFs, which may lead to potential losses if the premium diminishes over time [11][19] ETF Market Dynamics - Most global mutual fund schemes remain closed for fresh inflows, including overseas ETFs, which cannot create new units to meet demand [1][18] - The Mirae Asset FANG+ ETF was trading at a premium of over 21% to its NAV, indicating that investors are overpaying for these ETFs [5][18] - The price distortion in ETFs is also affecting fund-of-funds (FoFs), which are valued based on the ETF's closing price rather than its NAV [7][8] Performance Discrepancies - Over the past year, the Mirae Asset NYSE FANG+ ETF gained 37.6%, while its FoF variant gained 68.8%, highlighting a significant gap in returns [8][9] - The valuation of FoFs based on inflated ETF prices provides an inaccurate picture of performance, which could lead to misleading returns for investors [9][10] Investor Considerations - Investors are advised to avoid overpaying for ETFs, as the premium may not be sustainable and could lead to capital losses [14][20] - The Reserve Bank of India's restrictions on overseas investments are pushing investors towards ETFs, but this may not be a favorable long-term strategy [13][14] - Experts recommend that investors assess whether an ETF is trading close to its iNAV before making investment decisions [14][20]

Crescent Capital BDC, Inc. Quarterly Earnings Presentation September 30, 2025 Disclaimer and Forward-Looking Statement This presentation (the "Presentation") has been prepared by Crescent Capital BDC, Inc. (together with its consolidated subsidiaries, "CCAP," "Crescent BDC" or the "Company") and may be used for informational purposes only. This Presentation contains summaries of certain financial and statistical information about the Company and should be viewed in conjunction with the Company's most recent ...

GREENWICH, Conn., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (NasdaqGS: OXLCG) (the “Company,” “we,” or “our”) today announced the following net asset value (“NAV”) estimate as of October 31, 2025. Management’s unaudited estimate of the range of the NAV per share of our common stock as of October 31, 2025, is between $18.21 and $18.51. This estimate is not a comprehen ...

Financial Data and Key Metrics Changes - Net investment income (NII) per share was $0.38 for Q3 2025, corresponding to an annualized return on equity (ROE) of 10.3% [6] - GAAP net income per share was $0.29 for the quarter, corresponding to an annualized ROE of 8% [7] - Net asset value (NAV) per share was $14.66 at the end of September, down 0.6% compared to the prior quarter [7] - Total investment income for the September quarter was approximately $82.6 million, up $1.3 million, or 1.6% compared to the prior quarter [25] Business Line Data and Key Metrics Changes - MFIC made $138 million of new commitments across 21 transactions during the September quarter [7] - The weighted average spread on the directly originated corporate lending portfolio was 559 basis points, down 9 basis points compared to the end of June [21] - The weighted average yield at cost of the directly originated lending portfolio was 10.3% for the September quarter, down from 10.5% for the June quarter [25][21] Market Data and Key Metrics Changes - The U.S. economy has remained resilient, easing recession concerns, although inflation remains elevated [16] - The Federal Reserve cut interest rates by 25 basis points in both September and October [16] - There is an increase in sponsor M&A activity due to reduced volatility from tariffs and a more stable financing environment [16][17] Company Strategy and Development Direction - MFIC's strong position is a competitive advantage, with over half of new commitments made to existing portfolio companies [8] - The company aims to maintain a disciplined underwriting approach despite competitive pressures [17] - MFIC is focused on building a portfolio of predominantly first lien loans to sponsor-backed companies [10] Management's Comments on Operating Environment and Future Outlook - Management noted that the increase in M&A activity is expected to continue into 2026, driven by private equity firms needing to deploy capital [42] - The company is actively working on initiatives to offset the impact of declining base rates on net investment income [14] - Management expressed confidence in the ability to navigate the current market environment and maintain portfolio quality [10][22] Other Important Information - The board declared a quarterly dividend of $0.38 per share, payable on December 23, 2025 [13] - The company has no exposure to certain troubled companies, indicating a focus on portfolio health [19] Q&A Session Summary Question: What is driving the increase in non-accruals? - Management indicated that there is no common theme among the companies that went on non-accrual, with issues being idiosyncratic [35] Question: Is the increase in M&A activity sustainable through 2026? - Management believes ongoing demand for M&A will continue due to private equity firms needing to deploy capital and a more stable financing environment [42] Question: How is the company addressing the impact of lower base rates on dividends? - Management is evaluating the timing of initiatives to offset lower base rates and is committed to maintaining the current dividend level while monitoring the situation [62]

Financial Performance - The company reported a total quarterly economic gain of 3.6%[5] - GAAP net income was $0.05 per share[5] - Earnings Available for Distribution (EAD) was $0.09 per share[5] - Book value per common share increased by 0.6% to $3.36, net of the quarterly dividend[7] - A dividend of $0.10 per share was declared and paid[7] Portfolio Metrics - The leverage ratio for the aggregate portfolio was 5.3x[6] - Net interest spread for RMBS was 2.9%[6] - RMBS experienced a Constant Prepayment Rate (CPR) of 6.1%[6] - MSRs had a net CPR of 5.9%[6] MSR Portfolio - Investments in MSRs totaled $218.7 million related to approximately $16.2 billion in UPB of underlying Fannie Mae and Freddie Mac loans as of September 30, 2025[20] - Recapture rate on conventional MSRs was 0.3% in the quarter[20] RMBS Portfolio - The RMBS portfolio had a fair market value of $781.539 million and a par amount of $781.032 million[26] - The weighted average coupon (GWAC) for the total RMBS portfolio was 5.8%[26] - The weighted average loan age (WALA) for the total RMBS portfolio was 25.39 months[26] - The RMBS portfolio experienced a 1-month CPR of 6.5% and a long-term CPR of 11.0%[26] Financing and Hedging - The average REPO cost was 4.3% with a weighted average days remaining to maturity of 27 days[35] - The company has borrowings with 14 financing counterparties[35] - The weighted average "haircut" on repurchase agreements was 4.4%[35] - The company utilized payer swaps with a total notional value of $712.7 million and a weighted average pay rate of 1.41%[38] - The company utilized receiver swaps with a total notional value of $116 million and a weighted average receive rate of 3.42%[38]

TORONTO, Nov. 05, 2025 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust ("ERES" or the "REIT") (TSX: ERE.UN) announced today its results for the three and nine months ended September 30, 2025. ERES’s unaudited condensed consolidated interim financial statements and management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2025 can be found at www.eresreit.com or under ERES's profile at SEDAR+ at www.sedarplus.ca. SIGNIFICANT EVENTS AND HIGHLIGHTS St ...

Core Viewpoint - Oxford Square Capital Corp. reported its financial results for the quarter ended September 30, 2025, showing a slight decrease in net asset value and net investment income compared to the previous quarter, while total investment income increased. Financial Results - Net asset value (NAV) per share as of September 30, 2025, was $1.95, down from $2.06 on June 30, 2025 [1] - Net investment income (NII) for the quarter was approximately $5.6 million, or $0.07 per share, compared to $5.5 million, or $0.08 per share, for the previous quarter [1] - Total investment income for the quarter was approximately $10.2 million, an increase from approximately $9.5 million in the prior quarter [1] Investment Income Breakdown - Investment income from debt investments was $5.2 million, CLO equity investments contributed $4.3 million, and other income was $0.8 million [1] - Weighted average yield of debt investments was 14.6%, up from 14.5% as of June 30, 2025 [1] - Weighted average effective yield of CLO equity investments increased to 9.7% from 8.8% [1] Expenses and Losses - Total expenses for the quarter were approximately $4.7 million, compared to $4.0 million for the previous quarter [1] - The company recorded a net decrease in net assets resulting from operations of approximately $2.1 million, which included net realized losses of approximately $153,000 and net unrealized depreciation of approximately $7.5 million [1] Shareholder Actions - The Board of Directors declared distributions of $0.035 per share for January, February, and March 2026 [1] - A 12-month share repurchase program was authorized, allowing the company to repurchase up to $25 million of its common stock [2] Share Issuance - Approximately 5.4 million shares of common stock were issued under an "at-the-market" offering, resulting in net proceeds of approximately $11.8 million [1] Additional Information - A conference call to discuss the third-quarter results was scheduled for November 4, 2025 [2] - Further details regarding quarterly results were made available on the company's investor relations website [3]

Summary of Key Points Core Viewpoint - The net asset value (NAV) of SUTNTIB AB Tewox has decreased, indicating a decline in the company's financial performance as of the end of October 2025 [2]. Financial Performance - The NAV at the end of October 2025 is EUR 44,897,707, down from EUR 45,276,142 at the end of September 2025, reflecting a decrease of approximately EUR 378,435 [2]. - The share price has also decreased to EUR 1.0725 from EUR 1.0815 at the end of September 2025, indicating a decline in market valuation [2]. - The pro-forma internal rate of return (IRR) has decreased to 3.09%, down from 3.41% at the end of September 2025, suggesting a reduction in expected profitability [2].