earnings
confidence high
sentiment positive
materiality 0.65
PhenixFIN Q1 FY2022: NAV per share up to $58.99, repurchase program expanded to $25M
PhenixFIN Corp
- Total investment income $3.1M; net investment income $0.2M for quarter ended Dec 31, 2021.
- NAV per share $58.99 (Sept 30: $57.08), up 11.4% over trailing twelve months.
- Operating expenses declined 44% YoY ($6.9M vs $12.5M) following internalization.
- Board expanded share repurchase program from $15M to $25M; 219,964 shares repurchased at $8.7M since Jan 2021.
- Portfolio fair value $175.4M across 42 companies; weighted average yield 8.78%.