Core Insights - The Group's companies are experiencing the effects of a prolonged economic downturn but are still achieving solid organic growth [1] Financial Summary - Net sales for the period of July to September 2025 reached MSEK 194.7, an increase of 6.6% compared to MSEK 182.7 in the same period of 2024, with all growth being organic [2] - EBITDA for the same period was MSEK 19.8, reflecting a decrease of 15.4% from MSEK 23.4 in 2024, with all changes being organic [2] - EBITA decreased to MSEK 8.1 from MSEK 12.6, marking a decline of 35.8% [2] - EBIT for the period was MSEK 6.5, down from MSEK 10.9, a decrease of 40.6% [2] - Profit before tax decreased to MSEK -6.0 from MSEK -1.0, while profit after tax decreased to MSEK -5.8 from MSEK -0.4, primarily due to one-off accounting effects totaling MSEK 4.8 [2] - For the first nine months of 2025, net sales were MSEK 631.3, an increase of 5.7% from MSEK 597.1 in 2024, with all growth being organic [2] - EBITDA for the nine-month period was MSEK 63.2, a slight increase of 0.8% from MSEK 62.8 [2] - EBITA for the nine-month period was MSEK 30.1, a marginal increase of 1.7% from MSEK 30.6 [2] - EBIT for the nine-month period was MSEK 25.1, an increase of 1.5% from MSEK 24.8 [2] Operational Metrics - Operational cash flow for the period was MSEK -18.3, compared to MSEK 6.1 in the previous year [3] - Earnings per share before and after dilution were both SEK -0.91, compared to SEK -0.06 in the previous year [3] - The average number of employees decreased to 386 from 395 [3] - The equity ratio was 23.0%, down from 25.9% [3] - Net debt increased to MSEK 453.1 from MSEK 414.3 [3] - Net debt to EBITDA ratio was 4.74, while net debt to adjusted EBITDA was 4.31 [3] Adjusted Financial Metrics - Adjusted EBITDA for the rolling 12-month period excluded non-recurring items of MSEK 9.6 related mainly to reorganization costs [3] - Adjusted EBITA for the reporting period excluded non-recurring items of MSEK 6.5, also related to reorganization costs [4] Corporate Actions - The Board decided on a directed new share issue to ENDI Corp. amounting to MSEK 20.7 to strengthen the capital structure [2]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Insights - Investors are evaluating Affiliated Managers Group (AMG) and T. Rowe Price (TROW) for potential value opportunities in the investment management sector [1] Valuation Metrics - Both AMG and TROW currently hold a Zacks Rank of 1 (Strong Buy), indicating positive earnings estimate revisions for both companies [3] - AMG has a forward P/E ratio of 10.22, while TROW has a forward P/E of 10.50 [5] - AMG's PEG ratio is 0.57, suggesting a more favorable valuation relative to its expected earnings growth compared to TROW's PEG ratio of 3.30 [5] - AMG's P/B ratio is 1.71, compared to TROW's P/B of 2.03, indicating that AMG is valued more attractively relative to its book value [6] - Based on these valuation metrics, AMG is rated with a Value grade of B, while TROW has a Value grade of C, suggesting that AMG is the superior value option at this time [6]

Financial Performance - Net investment income (NII) was $159 million, or $0.57 per share, for the quarter ended September 30, 2025, compared to $173 million, or $0.62 per share, for the previous quarter[2] - Adjusted net investment income (Adjusted NII) was also $159 million, or $0.57 per share, for the same period, down from $168 million, or $0.60 per share, in the prior quarter[2] - Net asset value (NAV) per share increased slightly to $21.99 as of September 30, 2025, from $21.93 as of June 30, 2025[2] Investment Activity - New investment fundings in the third quarter totaled approximately $1.1 billion[2] - Net investment activity for the quarter was $109 million, which included $450 million in sales to Credit Opportunities Partners JV, LLC (COPJV)[2] Distribution and Dividend - A total distribution of $0.70 per share was paid for the third quarter of 2025, comprising a $0.64 per share base distribution and a $0.06 per share supplemental distribution[2] - For the first quarter of 2026, the company expects a total distribution of approximately $0.55 per share, equating to an annualized yield of approximately 10% on the company's September 30, 2025, NAV per share[2] - The dividend yield on NAV per share was 12.7%, and the dividend yield on the market value of common stock was 18.6% as of October 31, 2025[2, 3] Portfolio and Capital Structure - The portfolio is defensively positioned with 224 portfolio companies across 23 industries[2, 10] - Exposure to the top ten largest portfolio companies by fair value was 20% as of September 30, 2025[2] - 64% of drawn leverage was unsecured as of September 30, 2025, with a weighted average effective rate on borrowings of 5.3%[2] - The company issued $400 million of 6.125% unsecured notes due in 2031 during the third quarter[2]

🚨JUST IN: FRANKLIN TEMPLETON LAUNCHES A TOKENIZED US DOLLAR MONEY MARKET FUND FOR PROFESSIONAL INVESTORS IN HONG KONG ...

Group 1 - The document provides various footnotes and sources for data as of specific dates, indicating a reliance on reputable financial data providers such as FactSet and Bloomberg [1][2][3][4][5][6][7][8][9][10][11][12]. - It mentions the importance of understanding economic indicators like Gross Domestic Product (GDP) and sovereign debt, which are critical for assessing economic health and investment opportunities [6][7]. - The MSCI EAFE Index and S&P 500 Index are highlighted as benchmarks for evaluating the performance of equities in developed markets and the US market, respectively [7][8]. Group 2 - The document emphasizes that past performance is not indicative of future results, which is a crucial consideration for investors [3]. - It outlines the risks associated with foreign investments, including currency fluctuations and political instability, which can impact investment returns [4]. - The document notes that investments in gold and related assets tend to be more volatile compared to broader equity or debt markets, highlighting the need for careful consideration in asset allocation [5].

Core Viewpoint - Stonepeak, a U.S.-based investor, is launching a redeemable, infrastructure-backed debt security on the Australian Securities Exchange after securing over A$300 million ($194.94 million) in cornerstone commitments [1]. Group 1: Product Details - The Stonepeak-Plus INFRA1 Note will offer monthly interest payments linked to the one-month Bank Bill Swap benchmark rate (BBSW) plus a 3.25% annual margin, with trading expected to begin on December 10 [2]. - The note aims to provide Australian investors with access to regular monthly income generated through a curated portfolio of high-quality infrastructure debt assets [2]. Group 2: Company Background - Stonepeak began investing in Asia in 2019 and currently manages $79.9 billion in assets globally [3]. - The company is seeking to raise as much as $4 billion for its second Asia-focused infrastructure fund [3].

Core Insights - FS KKR Capital reported a revenue of $373 million for the quarter ended September 2025, reflecting a year-over-year decline of 15.4% and an EPS of $0.57, down from $0.74 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $376.07 million, resulting in a surprise of -0.82% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.57 [1] Financial Performance Metrics - Investment income from fee income was reported at $4 million, significantly below the average estimate of $9.82 million, marking an 81% year-over-year decline [4] - Investment income from dividend and other income was $84 million, exceeding the average estimate of $74.61 million, representing a year-over-year increase of 31.3% [4] - Paid-in-kind interest income was reported at $54 million, compared to the average estimate of $49.79 million, reflecting an 18.2% year-over-year decline [4] - Interest income was $231 million, slightly below the average estimate of $239.33 million, indicating a year-over-year decrease of 20.3% [4] Stock Performance - FS KKR Capital shares have returned +2.8% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Points - Sound Point Meridian Capital, Inc. has declared a monthly distribution of $0.25 per share for the fourth fiscal quarter of 2026 [1] Company Summary - The company is a closed-end management investment company registered under the Investment Company Act of 1940 [1]

Core Viewpoint - Stellus Capital Investment Corporation will release its financial results for Q3 2025 on November 10, 2025, and will host a conference call to discuss these results on November 12, 2025 [1][2]. Financial Results Announcement - The financial results for the third quarter ended September 30, 2025, will be released after the market closes on November 10, 2025 [1]. - A conference call to discuss these results will take place on November 12, 2025, at 10:00 AM Central Time, led by the CEO and CFO [2]. Conference Call Details - The conference call can be accessed via phone by dialing 877-545-0523 with passcode 118871, and a replay will be available until November 26, 2025 [3]. - A live webcast will also be available on the company's website, with a replay accessible for approximately 90 days [3]. Company Overview - Stellus Capital Investment Corporation is an externally-managed, closed-end, non-diversified investment management company regulated as a business development company under the Investment Company Act of 1940 [4]. - The company's investment objective is to maximize total return to stockholders through current income and capital appreciation, primarily by investing in private middle-market companies with EBITDA between $5 million and $50 million [4]. - The investment strategy focuses on first lien loans, including unitranche loans, often accompanied by equity investments [4].