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PhenixFIN Corporation (NASDAQ:PFX, PFXNZ))))) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal fourth quarter of 2023.
Highlights
David Lorber, Chief Executive Officer of the Company, stated:
"We are pleased with our performance in 2023 as we grew NAV per share 23%, from $57.29 per share to $70.75 per share, along with NII per share growth of 110%, from $1.48 per share to $3.11 per share. We look to continue to execute on our investment strategy through credit, equity, and other bespoke investment opportunities."
Selected Fourth Quarter 2023 Financial Results for the Quarter Ended September 30, 2023:
Total investment income was $5.7 million of which $5.6 million was attributable to portfolio interest and dividend income and $0.1 million was attributable to fee and other income.
Total net expenses were $3.8 million and total net investment income was $1.9 million.
The Company recorded a net realized loss of $9.4 million and net unrealized gain of $14.9 million.
Portfolio and Investment Activities for the Quarter Ended September 30, 2023:
The fair value of the Company's investment portfolio totaled $226.5 million and consisted of 42 portfolio companies.
The Company had 4 portfolio company investments on non-accrual status with a fair market value of $6.5 million.
Liquidity and Capital Resources
At September 30, 2023, the Company had $6.0 million in cash and cash equivalents, $57.5 million in aggregate principal amount of its 5.25% unsecured notes due 2028 and $28.4 million outstanding under the Credit Facility.
Posted In: PFX
