Welcome to our dedicated page for Phenixfin news (Ticker: PFX), a resource for investors and traders seeking the latest updates and insights on Phenixfin stock.
PhenixFIN Corporation (NASDAQ: PFX) is an internally managed, non-diversified closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. This news page aggregates the company’s public announcements, including quarterly and annual financial results, portfolio updates and capital structure developments.
In its regular earnings releases, PhenixFIN reports total investment income, net investment income, net asset value (NAV) and weighted average yields on its debt and other income-producing investments. These updates also describe the fair value and composition of the investment portfolio, including non-controlled, non-affiliated, affiliated and controlled investments, and note the number of portfolio companies and any investments on non-accrual status at the end of each period.
News items also cover significant financing and capital management actions, such as amendments and upsizing of the company’s credit facility, outstanding balances under that facility, and details of its 5.25% unsecured notes due 2028. PhenixFIN has announced share repurchases and special cash dividends per share in several periods, and these actions are discussed alongside NAV per share trends.
In addition to financial results, PhenixFIN’s news flow includes transaction-related disclosures. Examples include the acquisition of a majority equity interest in The National Security Group, Inc., an Alabama-based insurance holding company, and participation with a partner in providing a senior secured credit facility and preferred equity facility to MB Precision Investment Holdings LLC. Together, these releases provide context on how the company applies its credit and equity investment strategy.
Investors and researchers can use this page to review historical press releases, track changes in NAV and portfolio metrics over time, and follow key developments in PhenixFIN’s investment activities, financing arrangements and corporate actions as disclosed by the company.
PhenixFIN Corporation (NASDAQ: PFX) announced an Investor Call scheduled for March 8, 2023, at 10:00 AM Eastern Time. Investors can access a live webcast and supporting materials on the company's Investor Relations website. A replay of the call will be available for 90 days following the event. PhenixFIN operates under an internalized management structure as a business development company and has been publicly traded since its IPO on January 20, 2011. The company aims to qualify as a regulated investment company for federal income tax purposes annually.
PhenixFIN Corporation (NASDAQ: PFX) reported its fiscal first quarter 2023 results, highlighting a total investment income of $4.7 million and net investment income of $1.7 million. As of December 31, 2022, the company's net asset value (NAV) was $124.7 million, translating to $59.38 per share. The firm secured a $50 million credit facility with Woodforest National Bank at SOFR + 2.90% and demonstrated a weighted average yield of 11.3% on debt investments. Subsequent events included redeeming $22.5 million in unsecured notes and expanding the share repurchase program to $35 million, reflecting a commitment to enhancing shareholder value.
PhenixFIN Corporation (NASDAQ: PFX) reported its fiscal Q4 2022 results, revealing a total investment income of $5.1 million and a net investment income of $1.9 million. The net asset value (NAV) increased to $120.8 million, or $57.49 per share. The company secured a $50 million credit facility with Woodforest National Bank, enhancing liquidity for investments and redeeming $22.5 million of unsecured notes due in March 2023. The total value of the investment portfolio stood at $193.0 million, with a weighted average yield of 10.85%.
Brightwood Capital Advisors and PhenixFIN Corporation (NASDAQ: PFX) announced financing for CCP Capital Strategies’ acquisition of Wireless Maritime Services (WMS) from AT&T and Anuvu. WMS, based in Miramar, Florida, specializes in maritime cellular networks. The existing management will continue leading WMS as it operates independently. Brightwood emphasizes growth potential in the technology sector, while PhenixFIN expresses excitement over WMS’s customer growth opportunities. Together, they aim to support WMS’s expansion in maritime connectivity.
PhenixFIN Corporation (NASDAQ: PFX) reported its fiscal Q3 2022 results, showing total investment income of $3.7 million and net investment income of $0.2 million. As of June 30, 2022, net asset value (NAV) stood at $129.1 million, or $58.74 per share, up from $57.08 per share a year earlier. The company noted a weighted average yield to maturity of 9.09% on debt investments. Market volatility led to a net unrealized depreciation of $9.2 million, yet the company maintains confidence in its investments and continues to grow FlexFIN, which has received over $40 million in allocations.
PhenixFIN Corporation (NASDAQ: PFX) reported its fiscal Q2 2022 financial results, highlighting total investment income of $3.7 million and net investment income of $1.2 million. The net asset value (NAV) rose to $138.9 million or $62.94 per share, up 18.9% since September 2021. Operating expenses decreased by 44% since internalization. The company executed a stock buyback, repurchasing 309,427 shares for $12.5 million. As of March 31, 2022, the investment portfolio's fair value was $188.8 million, including six investments on non-accrual status worth $12.8 million.
PhenixFIN Corporation (PFX) announced its financial results for Q1 2022, reporting total investment income of $3.1 million and net investment income of $0.2 million. The net asset value (NAV) increased to $148.5 million, or $58.99 per share, reflecting an 11.4% rise compared to the previous year. Operating expenses significantly declined by 44%, totaling $6.9 million. The company also approved an expansion of its share repurchase program from $15 million to $25 million. Additionally, the fair value of the investment portfolio stood at $175.4 million, with 42 portfolio companies as of December 31, 2021.
PhenixFIN Corporation (NASDAQ: PFX) reported its financial results for Q4 and FY ending September 30, 2021. Total investment income reached $4.4 million, with net investment income of $1.1 million. As of September 30, 2021, the company held $69.4 million in cash and had a net asset value of $143.7 million ($57.08 per share). The company repurchased 141,700 shares for $5.9 million and launched FlexFIN, LLC to provide financing in the jewelry industry. The firm also reported a net capital loss carryforward of $490 million.
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