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PhenixFIN Corporation (NASDAQ: PFX) announced an Investor Call scheduled for March 8, 2023, at 10:00 AM Eastern Time. Investors can access a live webcast and supporting materials on the company's Investor Relations website. A replay of the call will be available for 90 days following the event. PhenixFIN operates under an internalized management structure as a business development company and has been publicly traded since its IPO on January 20, 2011. The company aims to qualify as a regulated investment company for federal income tax purposes annually.
PhenixFIN Corporation (NASDAQ: PFX) reported its fiscal first quarter 2023 results, highlighting a total investment income of $4.7 million and net investment income of $1.7 million. As of December 31, 2022, the company's net asset value (NAV) was $124.7 million, translating to $59.38 per share. The firm secured a $50 million credit facility with Woodforest National Bank at SOFR + 2.90% and demonstrated a weighted average yield of 11.3% on debt investments. Subsequent events included redeeming $22.5 million in unsecured notes and expanding the share repurchase program to $35 million, reflecting a commitment to enhancing shareholder value.
PhenixFIN Corporation (NASDAQ: PFX) reported its fiscal Q4 2022 results, revealing a total investment income of $5.1 million and a net investment income of $1.9 million. The net asset value (NAV) increased to $120.8 million, or $57.49 per share. The company secured a $50 million credit facility with Woodforest National Bank, enhancing liquidity for investments and redeeming $22.5 million of unsecured notes due in March 2023. The total value of the investment portfolio stood at $193.0 million, with a weighted average yield of 10.85%.
PhenixFIN Corporation (NASDAQ: PFX) reported its fiscal Q3 2022 results, showing total investment income of $3.7 million and net investment income of $0.2 million. As of June 30, 2022, net asset value (NAV) stood at $129.1 million, or $58.74 per share, up from $57.08 per share a year earlier. The company noted a weighted average yield to maturity of 9.09% on debt investments. Market volatility led to a net unrealized depreciation of $9.2 million, yet the company maintains confidence in its investments and continues to grow FlexFIN, which has received over $40 million in allocations.
PhenixFIN Corporation (NASDAQ: PFX) reported its fiscal Q2 2022 financial results, highlighting total investment income of $3.7 million and net investment income of $1.2 million. The net asset value (NAV) rose to $138.9 million or $62.94 per share, up 18.9% since September 2021. Operating expenses decreased by 44% since internalization. The company executed a stock buyback, repurchasing 309,427 shares for $12.5 million. As of March 31, 2022, the investment portfolio's fair value was $188.8 million, including six investments on non-accrual status worth $12.8 million.
PhenixFIN Corporation (PFX) announced its financial results for Q1 2022, reporting total investment income of $3.1 million and net investment income of $0.2 million. The net asset value (NAV) increased to $148.5 million, or $58.99 per share, reflecting an 11.4% rise compared to the previous year. Operating expenses significantly declined by 44%, totaling $6.9 million. The company also approved an expansion of its share repurchase program from $15 million to $25 million. Additionally, the fair value of the investment portfolio stood at $175.4 million, with 42 portfolio companies as of December 31, 2021.
PhenixFIN Corporation (NASDAQ: PFX) reported its financial results for Q4 and FY ending September 30, 2021. Total investment income reached $4.4 million, with net investment income of $1.1 million. As of September 30, 2021, the company held $69.4 million in cash and had a net asset value of $143.7 million ($57.08 per share). The company repurchased 141,700 shares for $5.9 million and launched FlexFIN, LLC to provide financing in the jewelry industry. The firm also reported a net capital loss carryforward of $490 million.
