Welcome to our dedicated page for Slr Investment news (Ticker: SLRC), a resource for investors and traders seeking the latest updates and insights on Slr Investment stock.
SLR Investment Corp. reports recurring business development company updates tied to its private credit portfolio, net investment income, net asset value, leverage and quarterly distributions. The company is an externally managed, non-diversified closed-end management investment company that has elected BDC treatment and provides debt financing solutions to U.S. middle market borrowers.
Company news commonly covers portfolio originations and repayments across sponsor finance, asset-based lending, equipment finance and life science finance, along with credit-quality measures such as non-accruals. Updates also include earnings-release schedules and specialty finance platform activity associated with SLR Capital Partners, the company's investment adviser.
Solar Capital Ltd. (NASDAQ: SLRC) announced its Q1 2020 results with net investment income of $15.9 million ($0.38 per share). The NAV per share stands at $19.24, down 10.3% from the end of 2019 due to unrealized losses. 100% of the portfolio is performing, with $700 million in available liquidity and a low net leverage of 0.56x. The Board declared a distribution of $0.41 per share for Q2 2020. Investment activity for the quarter included $83.8 million in originations and $256.1 million in repayments, resulting in a net portfolio reduction of $172.3 million.