Quarterly ResultApr 30, 2026, 04:40 PM
OFS Q1 Net Investment Income $0.18; NAV $8.16; Q2 Dividend $0.17
AI Summary
OFS Capital Corporation announced its financial results for the first quarter ended March 31, 2026, reporting a net investment income of $0.18 per common share, down from $0.20 in the prior quarter, and a net asset value of $8.16 per common share, a decrease from $9.19. The company also reported a net loss on investments of $1.03 per common share, primarily due to unrealized depreciation on structured finance securities. Additionally, OFS Capital declared a second-quarter distribution of $0.17 per common share and secured a new $80.0 million revolving credit facility with Natixis while amending its Banc of California credit facility.
Key Highlights
- Declared Q2 2026 distribution of $0.17 per common share.
- Q1 2026 Net Investment Income decreased to $0.18 per common share.
- Q1 2026 Net Asset Value decreased to $8.16 per common share.
- Q1 2026 Net loss on investments was $(1.03) per common share.
- Total investments at fair value were $308.1 million as of March 31, 2026.
- Weighted-average performing income yield decreased to 12.5%.
- Entered into new $80.0 million revolving credit facility with Natixis.
- Amended Banc of California credit facility, reducing minimum tangible net asset value covenant to $75.0 million.