Business
OFS Capital Corporation Announces Fourth Quarter and Full Year 2022 Financial Results
Quarterly Distribution Increased 10% to $0.33 Per Share CHICAGO--(BUSINESS WIRE)-- OFS Capital Corporation (Nasdaq: OFS) (“OFS Capital,” “we,” “us,” or
About this update from Ofs Capital Corporation
[{"type":"text","content":"\nQuarterly Distribution Increased 10% to $0.33 Per Share\n\n CHICAGO--(BUSINESS WIRE)--\nOFS Capital Corporation (Nasdaq: OFS) (“OFS Capital,” “we,” “us,” or “our”) today announced its financial results for the fiscal quarter and the full year ended December 31, 2022.\n\nFOURTH QUARTER FINANCIAL HIGHLIGHTS\n\n\nNet investment income per common share increased from $0.33 for the quarter ended September 30, 2022 to $0.35 for the quarter ended December 31, 2022.\n\n\nNet loss on investments per common share for the quarter ended December 31, 2022 was $0.17.\n\n\nNet asset value (“NAV”) per common share decreased from $13.58 at September 30, 2022 to $13.47 at December 31, 2022.\n\n\nFor the quarter ended December 31, 2022, the investment portfolio’s weighted-average performing income yield increased from 11.6% during the prior quarter to 12.7%.\n\n\nOn December 30, 2022, we paid a quarterly distribution of $0.30 per common share and on February 28, 2023, our Board of Directors declared a distribution of $0.33 per common share for the first quarter of 2023, a 10% increase compared to the prior quarter distribution, payable on March 31, 2023 to stockholders of record as of March 24, 2023.\n\n\n\n\nSELECTED FINANCIAL HIGHLIGHTS (unaudited)\n\n\n\nQuarter Ended\n\n\n\n\n\n(Per common share)\n\n\n\nDecember 31, 2022\n\n\n\n \n\n\n\nSeptember 30, 2022\n\n\n\n\n\nNet Investment Income\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet investment income\n\n\n\n$\n\n\n\n0.35\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.33\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet Realized/Unrealized Gain (Loss)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet realized loss on investments\n\n\n\n$\n\n\n\n(0.09\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.04\n\n\n\n)\n\n\n\n\n\nNet unrealized depreciation on investments\n\n\n\n \n\n\n\n(0.08\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n(1.00\n\n\n\n)\n\n\n\n\n\nNet loss on investments\n\n\n\n$\n\n\n\n(0.17\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(1.04\n\n\n\n)\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nEarnings (Loss)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nEarnings (loss)\n\n\n\n$\n\n\n\n0.18\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(0.71\n\n\n\n)\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet Asset Value\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet asset value\n\n\n\n$\n\n\n\n13.47\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n13.58\n\n\n\n \...