Slr Investment Corp Stock Price, News & Analysis

SLR Investment Corp. (NASDAQ: SLRC) reported net investment income of $20.3 million or $0.37 per share for Q2 2022, up from $14.8 million in Q1 2022. Following its acquisition of SLR Senior Investment Corp. on April 1, 2022, the company's NAV declined to $18.53 per share due to merger accounting, down from $19.56 in Q1. Monthly distributions were modified, totaling $0.41 per share for the quarter. Investment activity included $274.8 million in originations, with net asset value affected by a $35.9 million net realized and unrealized loss.

SLR Investment Corp. (NASDAQ: SLRC) will release its financial results for the quarter ending June 30, 2022, on August 2, 2022, after market close. An earnings conference call will be held on August 3, 2022, at 10:00 a.m. ET, allowing investors to participate via phone or webcast. The company primarily focuses on investing in the U.S. middle market, providing secured loans to leveraged companies, aligning with the business development company framework since the Investment Company Act of 1940.

SLR Investment Corp. (NASDAQ: SLRC) reported a net investment income of $13.5 million or $0.32 per share for Q1 2022, reflecting a decline from $15.5 million or $0.37 per share in Q1 2021. Following the merger with SLR Senior Investment Corp. (SUNS) on April 1, 2022, the company shifted its distribution frequency to monthly, declaring a monthly distribution of $0.136667 per share. The company also announced a $50 million share repurchase program aimed at enhancing shareholder value. As of March 31, 2022, the net asset value was $19.56 per share.

SLR Investment Corp. (NASDAQ: SLRC) will announce its financial results for Q1 2022 on May 3, 2022, post-market close. An earnings conference call is set for May 4, 2022, at 10:00 a.m. ET, accessible via phone and live webcast on the company's website. SLR Investment Corp. focuses on investing in U.S. middle-market companies through various financing instruments, primarily cash flow senior secured loans, including first and second lien debt.

SLR Investment Corp. (NASDAQ: SLRC) has successfully completed its merger with SLR Senior Investment Corp. (SUNS), with SLRC remaining as the surviving entity. The merger brings approximately $2.6 billion in total assets and $1.1 billion in net assets based on December 31, 2021 data. Key benefits for shareholders include reduced management fees from 1.75% to 1.50%, cost-saving synergies, and increased diversification in niche private lending strategies. Former SUNS shareholders receive 0.7796 shares of SLRC for each SUNS share, resulting in SLRC's shareholders owning 77% of the combined company.

SLR Investment Corp. (NASDAQ: SLRC) and SLR Senior Investment Corp. (NASDAQ: SUNS) announced stockholder approval for their merger at special meetings held on March 21, 2022. Approximately 95% of voting SUNS and 98% of voting SLRC stockholders supported the merger, which is expected to close around April 1, 2022, pending customary conditions. Co-CEO Michael Gross expressed gratitude for the strong support and highlighted the potential for increased scale, portfolio diversity, and financial flexibility from the merger.