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PhenixFIN Corporation is a leading financial services company specializing in investment management and advisory services. They focus on delivering superior returns to their clients through a combination of research-driven strategies and innovative solutions. With a strong track record of success, PhenixFIN Corporation has established itself as a trusted partner for investors seeking to achieve their financial goals.
The company's core business includes asset management, wealth planning, and financial consulting services. They are known for their commitment to excellence, transparency, and client satisfaction. PhenixFIN Corporation's team of experts leverages their extensive market knowledge and experience to guide clients through the complexities of the financial world, helping them make informed decisions and maximize their investment potential.
Recent achievements include a significant increase in NAV per share, demonstrating the company's ability to deliver value and outperform market expectations. PhenixFIN Corporation's current projects focus on expanding their product offerings, strengthening partnerships with key stakeholders, and enhancing their technology infrastructure to better serve clients in a rapidly evolving market environment.
Financially, PhenixFIN Corporation is in a strong position, with solid revenue growth and a healthy balance sheet. Their strategic investments and prudent risk management practices have positioned them for long-term success and sustained growth.
PhenixFIN (PFX) has reported its fiscal first quarter 2025 financial results with several key achievements. The company posted total investment income of $6.2 million and net investment income of $1.6 million. The Net Asset Value (NAV) reached $162.8 million, or $80.59 per share as of December 31, 2024.
Notable highlights include a weighted average yield of 13.3% on debt and income-producing investments, and the completion of a merger with The National Security Group (NSG) on October 1, 2024. The Board has declared a special dividend of $1.43 per share, payable on February 18, 2025.
The investment portfolio's fair value totaled $300.1 million across 43 portfolio companies, with three investments on non-accrual status valued at $1.5 million. The company's liquidity position includes $7.2 million in cash, $59.2 million in unsecured notes due 2028, and $84.0 million outstanding under the Credit Facility.
PhenixFIN (PFX) reported strong fiscal year 2024 results, highlighting a 12% year-over-year growth in NAV per share from $70.75 to $79.37. The fourth quarter showed total investment income of $5.6 million and net investment income of $0.5 million. The company's investment portfolio reached $227.9 million across 41 companies, with a weighted average yield of 12.3% on debt investments.
A significant milestone was achieved with the acquisition of approximately 80% equity in The National Security Group (NSG), an Alabama-based insurance holding company, completed on October 1, 2024. The company's financial position includes $67.6 million in cash, $59.2 million in unsecured notes due 2028, and $78.1 million outstanding under the Credit Facility.
PhenixFIN (NASDAQ: PFX) announced its fiscal third quarter 2024 financial results, highlighting strong performance. Key points include:
- Total investment income of $6.2 million
- Net investment income of $2.0 million
- NAV of $154.2 million, or $76.35 per share
- Weighted average yield of 13.8% on debt and income-producing investments
- Credit Facility expanded to $87.5 million
- Special dividend of $1.31 per share paid on June 10, 2024
The company reported a 14% growth in NAV per share over the last 12 months, accounting for the special dividend distribution. CEO David Lorber noted strong credit fundamentals and increased investment activity, positioning the company for potential NAV per share growth.
PhenixFIN (NASDAQ: PFX, PFXNZ) reported a strong fiscal second quarter of 2024 with a net asset value (NAV) growth of 22% over the last 12 months. The company's total investment income was $4.7 million, with a net investment income of $0.6 million. They repurchased 40,000 shares and increased their Credit Facility to $62.5 million. The Board of Directors declared a special dividend of $1.31 per share. The fair value of the investment portfolio was $220.0 million, consisting of 41 portfolio companies.
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