earnings
confidence high
sentiment neutral
materiality 0.60
PhenixFIN Q4 net investment income $1.1M; NAV per share $57.08; launches gem/jewelry lending and issues $57.5M notes
PhenixFIN Corp
- Total investment income $4.4M; net investment income $1.1M for quarter ended Sep 30, 2021.
- NAV $143.7M ($57.08/share) vs $55.30 a year ago; cash and equivalents $69.4M.
- Launched FlexFIN, LLC, an asset-based lending business for gem and jewelry industry.
- Subsequent event: issued $57.5M aggregate principal of 5.25% unsecured notes due 2028 on Nov 15, 2021.
- Repurchased 141,700 shares for $5.9M in Q4; net capital loss carryforward $490M.