TriLinc Global Impact Fund LLC, a company focused on impact investments in small and medium-sized enterprises (SMEs) across developing economies, has released its Form 10-Q report for the first quarter of 2023. The report provides a detailed overview of the company's financial performance and operational highlights, reflecting its commitment to generating competitive financial returns alongside positive measurable impact.
Financial Highlights
- Total Investment Income: $6.73 million, reflecting a decrease from the previous year's $8.59 million due to lower interest income.
- Total Expenses: $3.96 million, an increase from $3.51 million in the previous year, primarily due to higher professional fees and interest expenses.
- Net Investment Income: $2.76 million, a decrease from $5.08 million in the previous year, impacted by increased expenses.
- Net Change in Net Assets Resulting from Operations: $0.20 million, a significant decrease from $2.43 million in the previous year, influenced by realized losses on investments.
- Net Investment Income Per Unit - Basic and Diluted: $0.06, down from $0.11 in the previous year, reflecting lower net investment income.
- Earnings Per Unit - Basic and Diluted: $0.00, compared to $0.05 in the previous year, indicating minimal earnings per unit.
Business Highlights
- Revenue Segments: The company's investments are diversified across various sectors, including Chocolate and Cocoa Products (10.7%), Coal and Other Minerals and Ores (12.6%), and Refuse Systems (15.3%).
- Geographical Performance: The company has a diverse geographical investment portfolio with significant allocations in Mexico (16.0%), Brazil (9.8%), and Singapore (7.0%).
- Sales Units: The company reported a total of 47,791,129 units outstanding as of March 31, 2023, with Class A units being the most prevalent at 18,303,924 units.
- Future Outlook: The company continues to focus on impact investments in SMEs across developing economies, aiming for competitive financial returns and positive measurable impact. The management remains committed to its investment objectives of generating current income, capital preservation, and modest capital appreciation.
SEC Filing: