Business
SLR Investment Corp. Announces Quarter and Fiscal Year Ended December 31, 2022 Financial Results
Net Investment Income of $0.41 Per Share for Q4 2022 Distributions of $0.41 Per Share for Q1 2023 NEW YORK , Feb. 28, 2023 (GLOBE NEWSWIRE) -- SLR Investment
About this update from Slr Investment Corp.
[{"type":"text","content":"Net Investment Income of $0.41 Per Share for Q4 2022 Distributions of $0.41 Per Share for Q1 2023 NEW YORK , Feb. 28, 2023 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”) today reported net investment income of $22.5 million, or $0.41 per share, for the fourth quarter of 2022. For the fiscal year ended December 31, 2022, the Company reported net investment income of $76.4 million, or $1.48 per share. At December 31, 2022, net asset value (NAV) was $18.33 per share, compared to $18.37 for the quarter ended September 30, 2022. On February 28, 2023, the Company’s Board of Directors (the “Board”) declared a monthly distribution of $0.136667 per share payable on April 4, 2023 to stockholders of record as of March 23, 2023. 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, 2022: Comprehensive Investment Portfolio* fair value: $2.9 billionNumber of unique issuers: approximately 800Net assets: $999.7 millionNet asset value per share: $18.33Net debt-to-equity**: 1.08x Comprehensive Investment Portfolio Activity*** for the Quarter Ended December 31, 2022: Investments made during the quarter: $430.2 millionInvestments prepaid and sold during the quarter: $409.0 million Comprehensive Investment Portfolio Activity*** for the Year Ended December 31, 2022: Investments made during the year: $1.3 billionInvestments prepaid and sold during the year: $971.9 million Operating Results for the Quarter Ended December 31, 2022: Net investment income: $22.5 millionNet investment income per share: $0.41 Net realized and unrealized loss: $3.5 million Net increase in net assets from operations: $19.0 millionEarnings per share: $0.35 Operating Results for the Year Ended December 31, 2022: Net investment income: $76.4 millionNet investment income per share: $1.48Net realized and unrealized loss: $58.0 million Net increase in net assets from operations: $18.3 millionEarnings per share: $0.35 * The Comprehensive Investment Portfolio for the quarter and year ended December 31, 2022 is comprised of SLRC’s investment portfolio and SLR Credit Solutions’ (“SLR-CS”) full portfolio, SLR Equipment Finance’s (“SLR-EF”) full portfolio, Kingsbridge Holdings, LLC’s (“KBH”) full portfolio, SLR Business Credit’s (“SLR-BC”) full p...