Welcome to our dedicated page for SLR Investment news (Ticker: SLRC), a resource for investors and traders seeking the latest updates and insights on SLR Investment stock.
SLR Investment Corp. (NASDAQ: SLRC) is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a Business Development Company (BDC) under the Investment Company Act of 1940. Established in November 2007 and headquartered in Maryland, SLR Investment Corp. specializes in providing bespoke debt financing solutions to U.S. middle market businesses and intermediaries. The company focuses on funding working capital, acquisitions, refinancing, and growth capital requirements.
SLR Investment Corp. majorly invests in leveraged middle-market companies through senior secured loans, financing leases, and to a lesser extent, unsecured loans and equity securities. The company's strategy combines sponsor finance and specialty finance approaches, targeting recession-resilient industries to ensure the stability and credit quality of its portfolio.
Recent developments include a net investment income of $0.42 per share for Q2 2023, reflecting steady growth. The company has maintained a stable portfolio credit quality despite high interest rates and inflation, attributed to its conservative underwriting and unique asset mix. Operating results for various quarters and years highlight continued portfolio rebuilding and robust financial health.
For more detailed financial statements and tables, refer to the latest investor relations reports.
SLR Investment Corp. (SLRC) reported a net investment income of $20 million ($0.37 per share) for Q3 2022, consistent with the previous quarter. As of September 30, 2022, the net asset value per share was $18.37 with a total investment portfolio of $2.9 billion. The company declared a monthly distribution of $0.136667 per share payable on December 1, 2022. Notably, total originations reached $393.9 million with a net portfolio growth of 9%. Despite a net loss of $6.5 million from investments, the firm remains optimistic about future performance.
SLR Investment Corp. (NASDAQ: SLRC) has announced a joint venture with SunStone Senior Credit L.P. to form SLR Senior Lending Program LLC (SSLP). Each party commits $50 million, totaling $100 million, to primarily invest in senior secured cash flow loans. SSLP is expected to seek additional financing to leverage its investments and begin funding before year-end 2022. Decisions regarding SSLP will require approval from both SLR and the Investor's representatives.
SLR Investment Corp. (NASDAQ: SLRC) announced it will release its financial results for Q3 2022 on November 2, 2022, after market close. An earnings conference call is scheduled for November 3, 2022, at 10:00 a.m. ET, accessible via phone or online. The company specializes in investing in U.S. middle market companies, primarily through senior secured loans and asset-based loans.
SLR Investment Corp. (NASDAQ: SLRC) reported net investment income of $20.3 million or $0.37 per share for Q2 2022, up from $14.8 million in Q1 2022. Following its acquisition of SLR Senior Investment Corp. on April 1, 2022, the company's NAV declined to $18.53 per share due to merger accounting, down from $19.56 in Q1. Monthly distributions were modified, totaling $0.41 per share for the quarter. Investment activity included $274.8 million in originations, with net asset value affected by a $35.9 million net realized and unrealized loss.
SLR Investment Corp. (NASDAQ: SLRC) will release its financial results for the quarter ending June 30, 2022, on August 2, 2022, after market close. An earnings conference call will be held on August 3, 2022, at 10:00 a.m. ET, allowing investors to participate via phone or webcast. The company primarily focuses on investing in the U.S. middle market, providing secured loans to leveraged companies, aligning with the business development company framework since the Investment Company Act of 1940.
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