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SLR Investment Corp. Announces Quarter Ended March 31, 2023 Financial Results
Net Investment Income of $0.41 Per Share for Q1 2023 NEW YORK, May 10, 2023 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”)
About this update from Slr Investment Corp.
[{"type":"text","content":"Net Investment Income of $0.41 Per Share for Q1 2023\nNEW YORK, May 10, 2023 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”) today reported net investment income of $22.1 million, or $0.41 per share, for the first quarter of 2023. At March 31, 2023, net asset value (NAV) was $18.04 per share, compared to $18.33 for the quarter ended December 31, 2022. On May 10, 2023, the Board declared a monthly distribution of $0.136667 per share payable on June 1, 2023 to holders of record as of May 24, 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 March 31, 2023: Comprehensive Investment Portfolio* fair value: $2.9 billionNumber of unique issuers: approximately 780Net assets: $984.2 millionNet asset value per share: $18.04Net debt-to-equity**: 1.12x Comprehensive Investment Portfolio Activity*** for the Quarter Ended March 31, 2023: Investments made during the quarter: $249.3 millionInvestments prepaid and sold during the quarter: $273.2 million Operating Results for the Quarter Ended March 31, 2023: Net investment income: $22.1 millionNet investment income per share: $0.41 Net realized and unrealized loss: $15.3 million Net increase in net assets from operations: $6.8 millionEarnings per share: $0.13 * The Comprehensive Investment Portfolio for the quarter ended March 31, 2023 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 portfolio, SLR Healthcare ABL’s (“SLR-HC ABL”) full portfolio owned by the Company (collectively, the Company’s “Commercial Finance Portfolio Companies”), and the senior secured loans held by the SLR Senior Lending Program LLC (“SSLP”) attributable to the Company, and excludes the Company’s fair value of the equity interests in SSLP and the Commercial Finance Portfolio Companies and also excludes SLRC’s loans to KBH and SLR-EF. ** Please see Liquidity and Capital Resources below. *** Comprehensive Portfolio Activity for the quarter ended March 31, 2023 includes investment activity of the Commercial Finance Portfolio Companies and SSLP attributable to the Company. “We believe our portfolio is b...