Financial Performance - Net Investment Income (NII) was $187 million, or $0.67 per share, for the quarter ended March 31, 2025, compared to $171 million, or $0.61 per share, for the previous quarter[2] - Adjusted Net Investment Income (Adjusted NII) was $182 million, or $0.65 per share, for the quarter ended March 31, 2025, compared to $185 million, or $0.66 per share, for the previous quarter[2] - Net Asset Value (NAV) per share as of March 31, 2025, was $23.37, compared to $23.64 as of December 31, 2024[2] - The Adjusted NII / total dividend coverage ratio was 93% for the quarter ended March 31, 2025[2] Investment Activity - New investment fundings in the first quarter were approximately $2 billion[2] - Net investment activity in the first quarter was $881 million, including $290 million of sales to Credit Opportunities Partners JV, LLC (COPJV)[2] Capital Structure and Liquidity - $3.2 billion of liquidity in undrawn debt, cash, and unsettled trades[2] - 54% of drawn leverage was unsecured as of March 31, 2025, and the weighted average effective rate on borrowings was 5.5%[2] - In the first quarter, KKR FSK CLO 2 was closed, issuing $380 million of notes to third parties at a weighted average rate of S+1.58%[2] - 89% of liabilities mature in 2027 and beyond[2] Portfolio Composition - The fair value of investments was $14.1 billion with 224 portfolio companies[9] - Senior secured investments total 72.6% of the portfolio, looking through to the investments in COPJV as of March 31, 2025[14]

Core Insights - SLR Investment Corp. reported a net investment income of $22.1 million, or $0.41 per share, for Q1 2025, with a declared quarterly distribution of $0.41 per share [2][31] - The net asset value (NAV) as of March 31, 2025, was $18.16 per share, slightly down from $18.20 per share at the end of 2024 [2][36] Financial Performance - The company experienced a decrease in gross investment income from $58.1 million in Q1 2024 to $53.2 million in Q1 2025, attributed to a smaller income-producing investment portfolio and lower index rates [20] - Net expenses decreased from $34.2 million in Q1 2024 to $31.1 million in Q1 2025, primarily due to lower interest expenses [21] - The net increase in net assets resulting from operations was $19.9 million, down from $27.9 million in the same quarter of the previous year [25] Investment Portfolio - As of March 31, 2025, the fair value of the investment portfolio was $2.0 billion, with a comprehensive investment portfolio fair value of $3.1 billion [4] - The portfolio had a non-accrual rate of 0.4% at fair value and 0.6% at cost [4] - The comprehensive investment portfolio was diversified across approximately 940 unique issuers in over 105 industries, with 98.2% invested in senior secured loans [10] Capital and Liquidity - The company had $549.3 million drawn on $970 million of total commitments available on its revolving credit facilities as of March 31, 2025 [26] - Available capital, including anticipated borrowing capacity, exceeded $800 million [29] - The net debt-to-equity ratio was 1.04x, within the company's target range of 0.9x to 1.25x [28] Market Position and Strategy - The company is actively engaged with portfolio companies to navigate uncertainties, particularly regarding tariffs, and is seeing a growing pipeline of asset-based lending opportunities [3] - The portfolio is heavily collateralized by working capital assets and focuses on domestic services businesses, positioning the company well for current market conditions [3]

Blue Owl Capital Corporation (NYSE: OBDC ) is a much more interesting pick to me than many investors claim. It's a relatively large player with an interesting portfolio structure, a focus on middle-market businesses which tend to be more resilient, and manageable non-accruals.Welcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial foundation through d ...

Core Viewpoint - The recent press conference highlighted a series of significant financial policies aimed at stabilizing the market and expectations, particularly focusing on supporting the equity investment industry through the introduction of technology innovation bonds and risk-sharing tools [3][4][5]. Group 1: Technology Innovation Bonds - The People's Bank of China announced the creation of a risk-sharing tool for technology innovation bonds, providing low-cost re-lending funds to purchase these bonds, thereby supporting long-term financing for technology innovation enterprises and equity investment institutions [3][4]. - Nearly 100 market institutions plan to issue over 3 trillion yuan in technology innovation bonds, indicating strong market interest and participation [3][4]. - The issuance of technology innovation bonds is expected to enhance the financing channels for technology enterprises and equity investment institutions, stimulating market vitality and confidence [5][6]. Group 2: Support for Equity Investment Institutions - Equity investment institutions play a crucial role in supporting technology innovation, having contributed to nearly 90% of companies listed on the Sci-Tech Innovation Board and 60% on the Growth Enterprise Market [4]. - The new policies aim to lower the financing costs for equity investment institutions, allowing them to issue longer-term bonds, such as 8-year and 10-year bonds [5][6]. - The recent successful issuance of technology innovation bonds serves as a positive signal for equity investment institutions, indicating new fundraising avenues and aligning with national support for real economy development [7][9]. Group 3: Regulatory Environment and Future Outlook - The regulatory authorities are set to expand the scope of financial asset investment companies to include qualified national commercial banks, enhancing investment in technology enterprises [8][9]. - The China Securities Regulatory Commission plans to introduce reforms for the Sci-Tech Innovation Board and Growth Enterprise Market, encouraging foreign investment institutions to establish RMB funds in China [9]. - The overall sentiment from the industry indicates optimism regarding the new policies, which are expected to bring positive changes to the primary market ecosystem [10].

NAV per share of $78.72 taking into account special dividend of $1.43 per share paid February 19, 2025NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX, PFXNZ) (the “Company”), a publicly traded business development company, today announced its financial results for the fiscal second quarter for its year ending September 30, 2025. Highlights: Second quarter total investment income of $6.0 million; net investment income of $1.0 millionNet asset value (NAV) of $159 million, or $78. ...

浙大网新（600797）公告，公司作为有限合伙人认缴出资额3300万元，参与投资杭州赛智助龙创业投资 合伙企业(有限合伙)。该基金目标募集总规模为人民币1亿元，公司占基金目标募集总规模的33%。合伙 企业投资于人工智能、机器人、具身智能等领域，重点打造浙大系人工智能+具身智能产业链。 ...

Core Viewpoint - Northfield Capital Corporation's subsidiary, Spruce Goose Aviation Inc., is acquiring the remaining 9% of Northfield Aviation Group Inc. shares not already owned, resulting in 100% ownership post-transaction [1][2]. Group 1: Transaction Details - The share purchase agreement involves the issuance of 60,000 Class A restricted voting shares at a deemed price of C$5.23 per share to the vendor, Iain Hayden [1]. - Northfield Aviation consists of 9,357 Class A common shares and 22,303 Class B common shares, which represent the remaining ownership interest [2]. - The completion of the transaction is subject to TSX Venture Exchange approval and other customary closing conditions, expected around May 8, 2025 [3]. Group 2: Related Party Transaction - The vendor, Iain Hayden, is a director of Northfield Aviation, categorizing this transaction as a related party transaction under MI 61-101 [4][5]. - Northfield Capital Corporation is exempt from formal valuation and minority shareholder approval requirements due to the transaction's value being below 25% of the corporation's market capitalization [5]. Group 3: Company Overview - Northfield Capital Corporation is a publicly traded Canadian investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, established in 1981 [6].

Financial Data and Key Metrics Changes - Total investment income for Q1 2025 was $2,000,000, a slight decline of $59,000 or 3% from the prior year period, primarily due to lower dividend income and an 8% reduction in interest income [18] - Net investment income increased by 45% year over year to $1,200,000 or $0.42 per share, compared to $840,000 or $0.33 per share in Q1 2024 [21] - Net asset value per share decreased to $21.99 from $25.31 at year end 2024, reflecting the dilutive impact from the issuance of additional shares [5][22] Business Line Data and Key Metrics Changes - The portfolio's fair value as of March 31, 2025, was approximately $62,000,000, a decline from year end 2024, driven by loan repayments from three portfolio companies [10] - Debt investments now represent 72% of the portfolio, up from prior years, supporting greater earnings stability [11] - The annualized weighted average yield on debt investments was 12.2%, down from prior quarters due to one debt investment being on nonaccrual status [11] Market Data and Key Metrics Changes - 18 portfolio companies contributed to investment income in Q1 2025, down from 24 companies in the same period last year [18] - Exposure to professional services decreased from 48% to 45%, and manufacturing declined from 13% to 8%, while consumer products grew as a share of the portfolio [14] Company Strategy and Development Direction - The company aims to maintain a strong financial position and has repaid $600,000 of its revolver debt, finishing the quarter with nearly $5,000,000 in cash and over $22,000,000 in available credit capacity [6] - The investment strategy focuses on a balanced portfolio structure to adapt to changing macro conditions while pursuing strong risk-adjusted returns [15] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing macroeconomic and political uncertainty affecting new investment opportunities but remains optimistic about capitalizing on conditions as they improve [6][25] - The company is committed to driving NAV growth and total returns through active portfolio oversight and sound financial management [27] Other Important Information - The company declared a regular quarterly cash dividend of $0.29 per share, payable on or about June 13, 2025 [23] - The Board of Directors renewed the share repurchase program, authorizing the repurchase of up to 1,500,000 shares [24] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

Financial Data and Key Metrics Changes - Total investment income for Q1 2025 was $2,000,000, a slight decline of $59,000 or 3% from the prior year period, primarily due to lower dividend income and an 8% reduction in interest income [18] - Net investment income increased by 45% year over year to $1,200,000 or $0.42 per share, compared to $840,000 or $0.33 per share in Q1 2024 [21] - Net asset value per share decreased to $21.99 from $25.31 at year-end 2024, reflecting the dilutive impact from the issuance of additional shares [22] Business Line Data and Key Metrics Changes - The portfolio stood at a fair value of approximately $62,000,000 across 19 businesses, a decline from year-end 2024, primarily due to loan repayments from three portfolio companies [10] - Debt investments now represent 72% of the portfolio, up from prior years, supporting greater earnings stability [11] - The annualized weighted average yield on debt investments was 12.2%, down from prior quarters due to one debt investment being on nonaccrual status [11] Market Data and Key Metrics Changes - The number of portfolio companies contributing to investment income decreased to 18 from 24 in the same period last year [18] - Exposure to professional services decreased from 48% to 45%, and manufacturing declined from 13% to 8%, while consumer products grew as a share of the portfolio [14] Company Strategy and Development Direction - The company aims to maintain a strong financial position and has repaid $600,000 of its revolver debt, ending the quarter with nearly $5,000,000 in cash and over $22,000,000 in available credit capacity [6] - The focus remains on disciplined execution, proactive portfolio oversight, and building sustainable shareholder value [7] - The investment strategy prioritizes structures where subordinated debt provides a yield-based return while capturing potential upside through equity participation [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic and political uncertainty affecting new investment opportunities but remains optimistic about capitalizing on conditions as they improve [6][27] - The company is committed to driving NAV growth and total returns through active portfolio oversight and sound financial management [28] Other Important Information - The company declared a regular quarterly cash dividend of $0.29 per share, payable on or about June 13, 2025 [23] - The Board of Directors renewed the share repurchase program, authorizing the repurchase of up to 1,500,000 shares [24] Q&A Session Summary - No specific questions or answers were documented in the provided content, thus this section is not applicable.

Core Viewpoint - Skechers has agreed to be taken private by 3G Capital in a $9.4 billion deal amid challenges from US tariffs and trade policies [1][2][3] Group 1: Deal Details - The acquisition price is set at $63 per share, which represents a 28% premium over Skechers' stock price prior to the announcement [1] - Following the announcement, Skechers' shares increased by 25% to $61.61 [1] - The deal is expected to close in the third quarter of 2025 and will be financed through cash from 3G Capital and debt financing from JPMorgan Chase Bank [4] Group 2: Market Context - Skechers withdrew its annual results forecast last month due to the impact of the Trump administration's trade policies on the global economy and consumer sentiment [2][5] - The Trump administration has increased import tariffs on Chinese goods to 145%, significantly affecting Skechers as China constitutes a major source of imports for its US business [2]