Business
SLR Investment Corp. Announces Quarter and Fiscal Year Ended December 31, 2021 Financial Results;
Strong Origination Volumes Drive SLRC to its Target Leverage Range; Declares Quarterly Distribution of $0.41 Per Share for Q1, 2022 NEW YORK, March 01, 2022
About this update from Slr Investment Corp.
[{"type":"text","content":"Strong Origination Volumes Drive SLRC to its Target Leverage Range; Declares Quarterly Distribution of $0.41 Per Share for Q1, 2022 NEW YORK, March 01, 2022 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”) today reported net investment income of $14.9 million, or $0.35 per share, for the fourth quarter of 2021. For the fiscal year ended December 31, 2021, the Company reported net investment income of $60.9 million, or $1.44 per share. At December 31, 2021, net asset value (NAV) was $19.93 per share. The Company’s Board of Directors declared a first quarter 2022 distribution of $0.41 per share, payable on April 1, 2022 to stockholders of record on March 18, 2022. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year. HIGHLIGHTS: At December 31, 2021: Comprehensive Investment Portfolio* fair value: $2.1 billionNumber of unique issuers: ~600Net assets: $842.3 millionNet asset value per share: $19.93Net debt-to-equity: 0.97xAvailable capital**: $679 million, subject to borrowing base availability Comprehensive Investment Portfolio Activity*** for the Quarter Ended December 31, 2021: Investments made during the quarter: $339.9 millionInvestments prepaid and sold during the quarter: $261.5 million Comprehensive Investment Portfolio Activity*** for the Year Ended December 31, 2021: Investments made during the year: $1.1 billionInvestments prepaid and sold during the year: $1.1 billion Operating Results for the Quarter Ended December 31, 2021: Net investment income: $14.9 millionNet investment income per share: $0.35Net realized and unrealized loss: $8.8 million Net increase in net assets from operations: $6.1 millionEarnings per share: $0.14 Operating Results for the Year Ended December 31, 2021: Net investment income: $60.9 millionNet investment income per share: $1.44Net realized and unrealized loss: $1.4 million Net increase in net assets from operations: $59.6 millionEarnings per share: $1.41 * The Comprehensive Investment Portfolio for the quarter and year ended December 31, 2021 is comprised of SLRC’s investment portfolio, SLR Credit Solutions’ (“SLR-CS”) full portfolio, SLR Equipment Finance’s (“SLR-EF”) full portfolio and Kingsbridge Holdings, LLC’s (“KBH”) full portfolio, and excludes the Company’s fair value of the...