Quarterly ResultMay 5, 2026, 05:17 PM
SLR Investment Q1 NII $0.33/share; NAV $18.16/share; Reduces Incentive Fee
AI Summary
SLR Investment Corp. reported Net Investment Income of $17.9 million, or $0.33 per share, for the first quarter of 2026, with Net Asset Value at $18.16 per share. The company's Board declared a quarterly distribution of $0.31 per share and approved a permanent reduction in the performance-based incentive fee from 20% to 17.5% starting Q2 2026. Despite a challenging market with geopolitical volatility and rising credit defaults, the investment portfolio maintained stable credit quality with 100% performing assets.
Key Highlights
- Performance-based incentive fee permanently reduced from 20% to 17.5% starting Q2 2026.
- Q1 2026 Net Investment Income (NII) was $17.9 million, or $0.33 per share.
- Net Asset Value (NAV) was $18.16 per share as of March 31, 2026.
- Net increase in net assets from operations was $17.1 million, or $0.31 per share.
- Declared a quarterly distribution of $0.31 per share payable on June 26, 2026.
- Comprehensive Investment Portfolio fair value was $3.2 billion as of March 31, 2026.
- Investment originations were $242.3 million; repayments were $360.4 million for Q1 2026.
- 100% of SLRC's portfolio was performing on a fair value and cost basis.