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 Corp (NASDAQ: PFX) is a leading non-diversified investment company specializing in direct lending to middle market businesses. This page serves as the definitive source for official press releases, financial disclosures, and strategic updates from the company.
Investors and analysts will find timely information on PFX's secured lending activities, portfolio performance, and market positioning. Our curated news collection provides essential insights into earnings announcements, leadership changes, regulatory filings, and partnership developments.
The repository includes updates on:
• Quarterly earnings and dividend declarations
• Strategic debt financing initiatives
• Portfolio company acquisitions/exits
• Corporate governance updates
• Regulatory compliance matters
Bookmark this page for direct access to PhenixFIN Corp's verified financial communications, enabling informed analysis of its middle market lending strategies and risk management approaches.
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.
PhenixFIN Corporation (NASDAQ: PFX) has announced the pricing of a public offering of $50 million in 5.25% Notes due 2028, with interest payable quarterly starting February 1, 2022. The offering includes an option for underwriters to purchase an additional $7.5 million of Notes for overallotments. The funds will primarily be used to redeem a portion of existing 6.125% Notes due 2023. The Notes are expected to be listed on Nasdaq under the symbol 'PFXNZ' within 30 days following issuance, with the transaction's closing set for around November 15, 2021.
PhenixFIN Corporation (NASDAQ: PFX) announced a public offering of Notes due 2028, expected to list on Nasdaq under the symbol PFXNZ. The offering will be managed by Oppenheimer & Co. and other firms. Proceeds will be used to redeem part of the 6.125% Notes due 2023. Investors should review the preliminary prospectus for details on risks and objectives before investing. The company has registered this offering under SEC's effective shelf registration.
PhenixFIN Corporation (NASDAQ: PFX) announced its Q3 2021 financial results, highlighting a total investment income of $8.7 million and net investment income of $5.4 million. The net asset value (NAV) increased to $156.7 million or $58.49 per share, up from $55.30 per share year-over-year. The company has also executed a share repurchase program, buying back 64,788 shares at an average price of $32.74/share. As of June 30, 2021, PhenixFIN's cash position stood at $52.9 million.
