Business
OFS Capital Corporation Announces Fourth Quarter 2024 Financial Results
CHICAGO, March 03, 2025--OFS Capital Corporation (Nasdaq: OFS) ("OFS Capital," "we," "us," or "our") today announced its financial results for the fiscal quarter ended December 31, 2024.
About this update from Ofs Capital Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":556,"height":221,"url":"https://media.zenfs.com/en/business-wire.com/2fd52015fa69697afdb218eb2b372bdc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1NyOA1tGA0IP7QvcL3YpUg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM4MjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/2fd52015fa69697afdb218eb2b372bdc","width":556,"height":221}},"lazy":false},{"type":"text","content":"Declares First Quarter 2025 Distribution of $0.34 Per Share","length":59,"tagName":"p","attribs":{}},{"type":"text","content":"CHICAGO, March 03, 2025--(BUSINESS WIRE)--OFS Capital Corporation (Nasdaq: OFS) ("OFS Capital," "we," "us," or "our") today announced its financial results for the fiscal quarter ended December 31, 2024.","length":243,"tagName":"p"},{"type":"text","content":"FOURTH QUARTER FINANCIAL HIGHLIGHTS","length":35,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net investment income increased to $0.30 per common share for the quarter ended December 31, 2024 from $0.27 per common share for the quarter ended September 30, 2024.","length":167,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net gain on investments of $1.60 per common share for the quarter ended December 31, 2024, primarily comprised of net unrealized appreciation of $1.79 per common share, offset in part by net realized losses of $0.19 per common share. See additional information under "Results of Operations" below.","length":307,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net asset value per common share increased to $12.85 at December 31, 2024 from $11.29 at September 30, 2024.","length":108,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"As of December 31, 2024, based on fair value, 91% of our loan portfolio consisted of floating rate loans and 100% of our loan portfolio consisted of first and second lien loans.","length":177,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"For the quarter ended December 31, 2024, our investment portfolio’s weighted-average performing income yield increased to 13.8% from 13.6% during the quarter ended September 30, 2024, primarily due to an increase in earned yields on our stru...