OFS Capital Q1 NII $0.42/share, NAV $11.08, declares $0.34 dividend

OFS Capital Corp

2024-Q1 EPS reported $0.42

Net investment income rose to $0.42 per share vs $0.35 in Q4 2023; total investment income $14.2M.
Net loss on investments of $1.09 per share, driven by $1.15 unrealized depreciation; NAV fell to $11.08 from $12.09.
Declared Q2 2024 distribution of $0.34/share, payable June 28, 2024 to holders of record June 18.
Repaid $31.9M SBA debentures and surrendered SBIC license; reduced revolving credit facility by $12.0M.
Loan portfolio 91% floating rate; weighted-average performing income yield 13.0%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OFS Capital Corp reported the quarter ended March 31, 2024 results: revenue $14,233, net income $(9,049), EPS $(0.67).

Period: the quarter ended March 31, 2024
Revenue: $14,233
Net income: $(9,049)
EPS: $(0.67)
Result: reported results

Exact text from the filing

respectively, were placed on non-accrual status. RESULTS OF OPERATIONS (unaudited) (in thousands) Three Months Ended March 31, 2024 December 31, 2023 Total investment income $ 14,233 $ 13,483 Expenses: Interest expense 4,572 4,684 Base management and incentive fees 2,922 2,819 Other expenses 1,143 1,284 Total expenses 8,637 8,787 Net investment income 5,596

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Source: SEC EDGAR

accession 0001487918-24-000042

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