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SLR Investment Corp. Announces Quarter Ended September 30, 2022 Financial Results;
Reports 9% Net Portfolio Growth Across Investment Strategies NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or
About this update from Slr Investment Corp.
[{"type":"text","content":"Reports 9% Net Portfolio Growth Across Investment Strategies\nNEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”), today reported net investment income of $20 million, or $0.37 per share, for the third fiscal quarter of 2022 compared to net investment income of $20 million, or $0.37 per share, in Q2, 2022. At September 30, 2022, net asset value (NAV) was $18.37 per share compared to $18.53 per share at June 30, 2022. For the quarter ended September 30, 2022, the Company paid monthly distributions totaling $0.41 per share. On November 2, 2022, the Company’s Board of Directors (the “Board”) declared a monthly distribution of $0.136667 per share payable on December 1, 2022 to stockholders of record as of November 17, 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 September 30, 2022: Comprehensive Investment Portfolio* fair value: $2.9 billionNumber of portfolio companies: >785Net assets: $1.0 billionNet asset value per share: $18.37Net debt-to-equity: 1.14x Comprehensive Investment Portfolio Activity** for the Quarter Ended September 30, 2022: Investments made during the quarter: $393.9 million Investments prepaid and sold during the quarter: $159.0 million Operating Results for the Quarter Ended September 30, 2022: Net investment income: $20.1 millionNet investment income per share: $0.37Net realized and unrealized loss: $6.5 millionNet increase in net assets from operations: $13.5 millionEarnings per share: $0.25 * The Comprehensive Investment Portfolio for the quarter ended September 30, 2022 is comprised of SLRC’s investment portfolio and the full portfolios of SLR Credit Solutions (“SLR-CS”), SLR Equipment Finance (“SLR-EF”), Kingsbridge Holdings, LLC (“KBH”), SLR Business Credit (“SLR-BC”) and SLR Healthcare ABL (“SLR-HC ABL”) owned by the Company (collectively, the Company’s “Commercial Finance Portfolio Companies”), and excludes the Company’s fair value of the equity interests in the Commercial Finance Portfolio Companies and the Company’s loans to SLR-EF and KBH. ** Comprehensive Investment Portfolio Activity for the quarter ended September 30, 2022 includes the gross originations through the Company’s Commercial Finance Portfolio Companies. “The combination of p...