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OFS Capital (NASDAQ: OFS) announced its financial results for Q1 2024, showing an increase in net investment income to $0.42 per share. However, net loss on investments of $1.09 per share resulted in a decrease in NAV per share to $11.08. 91% of the loan portfolio consisted of floating rate loans. The company declared a distribution of $0.34 per share for Q2 2024. Recent events include full repayment of SBA debentures by a subsidiary and surrendering its license. The investment portfolio showed a decrease in performing income yield to 13.0% due to non-recurring interest. Expenses decreased, and a net loss on investments was primarily due to unrealized depreciation.
