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SLR Investment Corp. announced its financial results for the quarter ended March 31, 2024, reporting a net investment income of $0.44 per share and a declared quarterly distribution of $0.41 per share. The Company's NAV increased to $18.19 per share, showcasing solid portfolio credit quality. The investment portfolio fair value stood at $2.1 billion, with net assets of $992.1 million and leverage at 1.16x net debt-to-equity. SLRC's operating results for the quarter included net investment income of $23.9 million, net realized and unrealized gains of $4.0 million, and a net increase in net assets from operations of $27.9 million. The Comprehensive Investment Portfolio, totaling $3.1 billion, spans approximately 800 unique issuers, reflecting a diversified asset composition across various industries. 99.3% of the portfolio was invested in senior secured loans, with a weighted average asset yield of 11.8%. SLR Investment Corp. emphasized a strong asset quality, with 99.4% of the portfolio performing on a fair value basis. The Company's investment income contribution by asset class for the quarter ended March 31, 2024, included sponsor finance, asset-based lending, equipment finance, and life science finance. SLR Investment Corp. also provided insights into its SLR Senior Lending Program , highlighting portfolio growth and quarterly earnings. The Company's financial statements for the quarter ended March 31, 2024, revealed a positive year-over-year increase in gross investment income and net investment income. SLRC maintained a healthy liquidity position, with unsecured debt comprising 40% of funded debt and approximately $800 million in available capital. Leverage stood at 1.16x net debt-to-equity, within the Company's target range. SLR Investment Corp. declared a quarterly distribution of $0.41 per share on May 8, 2024, payable on June 27, 2024. The Company will host an earnings conference call and webcast on May 9, 2024, to discuss its financial results.
