SLR Investment Corp. Announces Quarter and Year Ended December 31, 2024 Financial Results
SLR Investment Corp. (NASDAQ: SLRC) reported strong financial results for Q4 and full year 2024. The company achieved net investment income (NII) of $23.8 million ($0.44 per share) in Q4 2024 and declared a quarterly distribution of $0.41 per share.
Key highlights include:
- Net Asset Value (NAV) remained stable at $18.20 per share
- Investment portfolio fair value: $2.0 billion
- Comprehensive Investment Portfolio fair value: $3.1 billion
- Net debt-to-equity ratio: 1.03x
- Portfolio performance: 99.6% performing on fair value basis
For full-year 2024, SLRC reported:
- Net investment income: $96.3 million ($1.77 per share)
- Net increase in net assets from operations: $95.8 million ($1.76 per share)
- Total investments made: $1,352.6 million
- Portfolio diversification across 890 unique issuers in over 110 industries
SLR Investment Corp. (NASDAQ: SLRC) ha riportato risultati finanziari solidi per il Q4 e l'intero anno 2024. L'azienda ha raggiunto un reddito netto da investimenti (NII) di 23,8 milioni di dollari (0,44 dollari per azione) nel Q4 2024 e ha dichiarato una distribuzione trimestrale di 0,41 dollari per azione.
I punti salienti includono:
- Il Valore Netto degli Attivi (NAV) è rimasto stabile a 18,20 dollari per azione
- Valore equo del portafoglio investimenti: 2,0 miliardi di dollari
- Valore equo del Portafoglio di Investimenti Completo: 3,1 miliardi di dollari
- Rapporto debito netto/capitale proprio: 1,03x
- Performance del portafoglio: 99,6% in base al valore equo
Per l'anno intero 2024, SLRC ha riportato:
- Reddito netto da investimenti: 96,3 milioni di dollari (1,77 dollari per azione)
- Aumento netto degli attivi da operazioni: 95,8 milioni di dollari (1,76 dollari per azione)
- Investimenti totali effettuati: 1.352,6 milioni di dollari
- Diversificazione del portafoglio tra 890 emittenti unici in oltre 110 settori
SLR Investment Corp. (NASDAQ: SLRC) reportó resultados financieros sólidos para el Q4 y el año completo 2024. La compañía logró ingresos netos por inversiones (NII) de 23,8 millones de dólares (0,44 dólares por acción) en el Q4 2024 y declaró una distribución trimestral de 0,41 dólares por acción.
Los aspectos destacados incluyen:
- El Valor Neto de los Activos (NAV) se mantuvo estable en 18,20 dólares por acción
- Valor justo de la cartera de inversiones: 2,0 mil millones de dólares
- Valor justo de la Cartera de Inversiones Completa: 3,1 mil millones de dólares
- Relación deuda neta/capital: 1,03x
- Rendimiento de la cartera: 99,6% en base al valor justo
Para el año completo 2024, SLRC reportó:
- Ingresos netos por inversiones: 96,3 millones de dólares (1,77 dólares por acción)
- Aumento neto de activos por operaciones: 95,8 millones de dólares (1,76 dólares por acción)
- Inversiones totales realizadas: 1.352,6 millones de dólares
- Diversificación de la cartera entre 890 emisores únicos en más de 110 industrias
SLR Investment Corp. (NASDAQ: SLRC)는 2024년 4분기 및 전체 연도에 대한 강력한 재무 결과를 보고했습니다. 이 회사는 2024년 4분기에 순투자수익(NII) 2,380만 달러(주당 0.44달러)를 달성하고 주당 0.41달러의 분기 배당금을 선언했습니다.
주요 하이라이트는 다음과 같습니다:
- 순자산가치(NAV)는 주당 18.20달러로 안정적으로 유지되었습니다.
- 투자 포트폴리오 공정 가치: 20억 달러
- 종합 투자 포트폴리오 공정 가치: 31억 달러
- 순부채비율: 1.03배
- 포트폴리오 성과: 공정 가치 기준으로 99.6% 성과
2024년 전체 연도에 대해 SLRC는 다음과 같이 보고했습니다:
- 순투자수익: 9,630만 달러(주당 1.77달러)
- 운영으로 인한 순자산 증가: 9,580만 달러(주당 1.76달러)
- 총 투자액: 13억 5,260만 달러
- 110개 산업의 890개 고유 발행자에 걸친 포트폴리오 다각화
SLR Investment Corp. (NASDAQ: SLRC) a annoncé des résultats financiers solides pour le quatrième trimestre et l'année entière 2024. L'entreprise a réalisé un revenu net d'investissement (NII) de 23,8 millions de dollars (0,44 dollar par action) au quatrième trimestre 2024 et a déclaré une distribution trimestrielle de 0,41 dollar par action.
Les points forts incluent:
- La valeur nette des actifs (NAV) est restée stable à 18,20 dollars par action
- Valeur juste du portefeuille d'investissement: 2,0 milliards de dollars
- Valeur juste du portefeuille d'investissement complet: 3,1 milliards de dollars
- Ratio dette nette/capitaux propres: 1,03x
- Performance du portefeuille: 99,6% sur une base de valeur juste
Pour l'année entière 2024, SLRC a rapporté:
- Revenu net d'investissement: 96,3 millions de dollars (1,77 dollar par action)
- Augmentation nette des actifs provenant des opérations: 95,8 millions de dollars (1,76 dollar par action)
- Investissements totaux réalisés: 1.352,6 millions de dollars
- Diversification du portefeuille parmi 890 émetteurs uniques dans plus de 110 secteurs
SLR Investment Corp. (NASDAQ: SLRC) hat starke finanzielle Ergebnisse für das vierte Quartal und das gesamte Jahr 2024 gemeldet. Das Unternehmen erzielte ein Nettoinvestitionseinkommen (NII) von 23,8 Millionen Dollar (0,44 Dollar pro Aktie) im vierten Quartal 2024 und erklärte eine vierteljährliche Ausschüttung von 0,41 Dollar pro Aktie.
Wichtige Highlights sind:
- Der Nettovermögenswert (NAV) blieb stabil bei 18,20 Dollar pro Aktie
- Fairer Wert des Investitionsportfolios: 2,0 Milliarden Dollar
- Fairer Wert des umfassenden Investitionsportfolios: 3,1 Milliarden Dollar
- Netto-Schulden-zu-Eigenkapital-Verhältnis: 1,03x
- Portfolioperformance: 99,6% auf fairer Wertbasis
Für das gesamte Jahr 2024 berichtete SLRC:
- Nettoinvestitionseinkommen: 96,3 Millionen Dollar (1,77 Dollar pro Aktie)
- Nettozuwachs an Nettovermögen aus dem operativen Geschäft: 95,8 Millionen Dollar (1,76 Dollar pro Aktie)
- Insgesamt getätigte Investitionen: 1.352,6 Millionen Dollar
- Portfoliodiversifizierung über 890 einzigartige Emittenten in mehr als 110 Branchen
- Net investment income increased to $1.77 per share in 2024 from $1.69 in 2023
- NAV improved to $18.20 from $18.09 year-over-year
- Strong portfolio quality with 99.6% performing assets
- Reduced leverage to 1.03x from 1.19x year-over-year
- Secured $99 million in new unsecured notes
- Net realized and unrealized losses of $1.2 million in Q4 2024
- Investment repayments ($1,377.8M) exceeded new investments ($1,352.6M) in 2024
Insights
SLR Investment Corp (SLRC) has delivered strong Q4 2024 results with net investment income of $0.44 per share, providing a healthy 7.3% coverage cushion above the $0.41 quarterly distribution. This coverage ratio positions SLRC well for dividend sustainability in an uncertain economic environment, where many BDCs are facing distribution pressure.
The company's NAV stability at $18.20 per share is particularly impressive given the challenging higher interest rate environment that has pressured many middle market borrowers' cash flows. The year-over-year NAV improvement from $18.09 demonstrates SLRC's disciplined underwriting and portfolio management capabilities when many competitors have experienced NAV erosion.
SLRC's multi-strategy approach creates a significant competitive advantage over single-strategy BDCs. The company's ability to allocate capital across sponsor finance (
The portfolio's exceptional credit quality metrics -
SLRC has strategically reduced leverage from 1.19x to 1.03x year-over-year, positioning the company defensively while maintaining significant dry powder ($900+ million in available capital) to capitalize on opportunities. This approach is prudent given potential economic headwinds, while still allowing SLRC to pursue attractive investments, particularly in specialty finance where regional bank retreat has created a supply-demand imbalance favoring established lenders.
The SLR Senior Lending Program (SSLP) joint venture continues to be a significant value driver, generating a 15.6% annualized yield on SLRC's investment. This structure effectively leverages SLRC's origination capabilities while enhancing returns through an efficient funding structure.
SLRC's recent debt issuances -
As regional banks continue their strategic retreat from middle market lending, SLRC is exceptionally well-positioned to capture market share, particularly in asset-based lending where specialized expertise creates barriers to entry. This structural shift in the lending landscape represents a multi-year growth opportunity that should support SLRC's earnings and dividend sustainability over the medium term.
Net Investment Income of
Declared Quarterly Distribution of
Stable NAV/Strong Credit Quality
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- SLR Investment Corp. (NASDAQ: SLRC) (the “Company”, “SLRC”, “we”, “us”, or “our”) today reported net investment income (“NII”) of
As of December 31, 2024, net asset value (“NAV”) was
“This month, SLRC celebrated its 15th anniversary since its initial public offering and more than 18 years of operating history as a private credit manager for SLR Capital Partners, our investment adviser,” said Michael Gross, Co-CEO of SLR Investment Corp. “Since inception in 2010, SLRC has made approximately
“SLRC generated strong NII per share for both the fourth quarter and full year. In addition, NAV increased to
FINANCIAL HIGHLIGHTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2024:
At December 31, 2024:
Investment portfolio fair value:
Net assets:
Leverage: 1.03x net debt-to-equity
Operating Results for the Quarter Ended December 31, 2024:
Net investment income:
Net realized and unrealized losses:
Net increase in net assets from operations:
Operating Results for the Year Ended December 31, 2024:
Net investment income:
Net realized and unrealized loss:
Net increase in net assets from operations:
Comprehensive Investment Portfolio Activity(2) for the Quarter and Year Ended December 31, 2024:
Investments made during the quarter:
Investments prepaid and sold during the quarter:
Investments made during the year:
Investments prepaid and sold during the year:
(1) The Comprehensive Investment Portfolio for the quarter ended December 31, 2024 is comprised of SLRC’s investment portfolio and SLR Credit Solutions’ (“SLR-CS”) portfolio, SLR Equipment Finance’s (“SLR-EF”) portfolio, Kingsbridge Holdings, LLC’s (“KBH”) portfolio, SLR Business Credit’s (“SLR-BC”) portfolio, SLR Healthcare ABL’s (“SLR-HC ABL”) portfolio owned by the Company (collectively, the Company’s “Commercial Finance Portfolio Companies”), and the senior secured loans held by the SLR Senior Lending Program LLC (“SSLP”) attributable to the Company, and excludes the Company’s fair value of the equity interests in SSLP and the Commercial Finance Portfolio Companies and also excludes SLRC’s loans to KBH, SLR-EF, and SLR HC ABL.
(2) Comprehensive Investment Portfolio activity for the quarter ended December 31, 2024, includes investment activity of the Commercial Finance Portfolio Companies and SSLP attributable to the Company.
Comprehensive Investment Portfolio
Portfolio Activity
During the three months ended December 31, 2024, SLRC had Comprehensive Investment Portfolio originations of
For the Quarter Ended December 31, 2024 ($mm) | ||||||||||
Asset Class | Sponsor Finance(1) | Asset-based Lending(2) | Equipment Finance(3) | Life Science Finance | Total Comprehensive Investment Portfolio Activity | |||||
Originations | ||||||||||
Repayments / Amortization | ||||||||||
Net Portfolio Activity | ($81.6) | ($76.7) | $80.8 | ($26.8) | ($ 104.3) |
During the year ended December 31, 2024, SLRC had Comprehensive Investment Portfolio originations of
For the Year Ended December 31, 2024 ($mm) | ||||||||||
Asset Class | Sponsor Finance(1) | Asset-based Lending(2) | Equipment Finance(3) | Life Science Finance | Total Comprehensive Investment Portfolio Activity | |||||
Originations | ||||||||||
Repayments / Amortization | ||||||||||
Net Portfolio Activity | ($77.2) | $39.9 | $140.9 | ($128.8) | ($ 25.2) |
(1) Sponsor Finance refers to cash flow loans to sponsor-owned companies including cash flow loans held in SSLP attributable to the Company.
(2) Includes SLR-CS, SLR-BC and SLR-HC ABL’s portfolios, as well as asset-based loans on the Company’s balance sheet.
(3) Includes SLR-EF’s portfolio and equipment financings on the Company’s balance sheet and Kingsbridge Holdings’ (KBH) portfolio.
Comprehensive Investment Portfolio Composition
The Comprehensive Investment Portfolio is diversified across approximately 890 unique issuers, operating in over 110 industries, and resulting in an average exposure of
SLRC’s Comprehensive Investment Portfolio composition by asset class as of December 31, 2024 was as follows:
Comprehensive Investment Portfolio Composition (at fair value) | Amount | Weighted Average | ||
($mm) | % | Asset Yield(5) | ||
Senior Secured Investments | ||||
Cash Flow Loans (Sponsor Finance)(1) | ||||
Asset-Based Loans(2) | ||||
Equipment Financings(3) | ||||
Life Science Loans | ||||
Total Senior Secured Investments | $3,027.8 | 98.2% | 12.1% | |
Equity and Equity-like Securities | ||||
Total Comprehensive Investment Portfolio | $3,082.6 | 100.0% | ||
Floating Rate Investments(4) | ||||
First Lien Senior Secured Loans | ||||
Second Lien Senior Secured Asset-Based Loans | ||||
Second Lien Senior Secured Cash Flow Loans |
(1) Includes cash flow loans held in the SSLP attributable to the Company and excludes the Company’s equity investment in SSLP.
(2) Includes SLR-CS, SLR-BC, and SLR-HC ABL’s portfolios, as well as asset-based loans on the Company’s balance sheet, and excludes the Company’s equity investments in each of SLR-CS, SLR-BC, and SLR-HC ABL.
(3) Includes SLR-EF’s portfolio and equipment financings on the Company’s balance sheet and Kingsbridge Holdings’ (KBH) portfolio. Excludes the Company’s equity and debt investments in each of SLR-EF and KBH.
(4) Floating rate investments are calculated as a percent of the Company’s income-producing Comprehensive Investment Portfolio. The majority of fixed rate loans are associated with SLR-EF and leases held by KBH. Additionally, SLR-EF and KBH seek to match-fund their fixed rate assets with fixed rate liabilities.
(5) The weighted average asset yield for income producing cash flow, asset-based and life science loans on balance sheet is based on a yield to maturity calculation. The weighted average asset yield calculation for Life Science loans includes the amortization of expected exit/success fees. The weighted average yield for on-balance sheet equipment financings is calculated based on the expected average life of the investments. The weighted average asset yield for SLR-CS asset-based loans is an Internal Rate of Return (IRR) calculated using actual cash flows received and the expected terminal value. The weighted average asset yield for SLR-BC and SLR-HC ABL represents total interest and fee income for the three-month period ended on December 31, 2024 against the average portfolio over the same fiscal period, annualized. The weighted average asset yield for SLR-EF represents total interest and fee income for the three-month period ended on December 31, 2024 compared to the portfolio as of December 31, 2024, annualized. The weighted average yield for the KBH equipment leasing portfolio represents the blended yield from the company’s 1st lien loan on par value and the annualized dividend yield on the cost basis of the company’s equity investment as of December 31, 2024.
SLR Investment Corp. Portfolio
Asset Quality
As of December 31, 2024,
The Company puts its largest emphasis on risk control and credit performance. On a quarterly basis, or more frequently if deemed necessary, the Company formally rates each portfolio investment on a scale of one to four, with one representing the least amount of risk.
As of December 31, 2024, the composition of our investment portfolio, on a risk ratings basis, was as follows:
Internal Investment Rating | Investments at Fair Value ($mm) | % of Total Portfolio | |
1 | |||
2 | |||
3 | |||
4 |
Investment Income Contribution by Asset Class
Investment Income Contribution by Asset Class(1) ($mm) | |||||
For the Quarter Ended: | Sponsor Finance | Asset-based Lending | Equipment Finance | Life Science Finance | Total |
12/31/2024 | $55.6 | ||||
% Contribution | 100.0% |
Investment Income Contribution by Asset Class(1) ($mm) | |||||
For the Year Ended: | Sponsor Finance | Asset-based Lending | Equipment Finance | Life Science Finance | Total |
12/31/2024 | $232.4 | ||||
% Contribution | 100.0% |
(1) Investment Income Contribution by Asset Class includes: interest income/fees from Sponsor Finance (cash flow) loans on balance sheet and distributions from SSLP; income/fees from asset-based loans on balance sheet and distributions from SLR-CS, SLR-BC, SLR-HC ABL; income/fees from equipment financings and distributions from SLR-EF and distributions from KBH; and income/fees from life science loans on balance sheet.
SLR Senior Lending Program LLC (SSLP)
As of December 31, 2024, the Company and its
In Q4 2024, the Company earned income of
SLR Investment Corp.’s Results of Operations Year Over Year
Investment Income
For the fiscal years ended December 31, 2024, and 2023, gross investment income totaled
Expenses
SLRC’s net expenses totaled
SLRC’s investment adviser agreed to waive incentive fees resulting from income earned due to the accretion of the purchase price discount allocated to investments acquired in the Company’s merger with SLR Senior Investment Corp., which closed on April 1, 2022. For the fiscal years ended December 31, 2024 and 2023,
Net Investment Income
SLRC’s net investment income totaled
Net Realized and Unrealized Loss
Net realized and unrealized loss for the fiscal years ended December 31, 2024 and 2023 totaled
Net Increase in Net Assets Resulting from Operations
For the fiscal years ended December 31, 2024, and 2023, the Company had a net increase in net assets resulting from operations of
Capital and Liquidity
Credit Facilities
As of December 31, 2024, the Company had
Unsecured Debt
On December 16, 2024, the Company closed a private offering of
On February 18, 2025, the Company closed an additional private offering of
Leverage
As of December 31, 2024, the Company’s net debt-to-equity ratio was 1.03x and compared to 1.19x as of December 31, 2023 and the Company’s target range of 0.9x to 1.25x.
Available Capital
As of December 31, 2024, including anticipated available borrowing capacity at the SSLP and our specialty finance portfolio companies, subject to borrowing base limits, SLRC, SSLP and our specialty finance portfolio companies had over
Unfunded Commitments
As of December 31, 2024, excluding commitments to SLR-CS, SLR-BC, SLR-HC ABL, SLR Equipment Finance, and SSLP, over which the Company has discretion to fund, the Company had unfunded commitments of approximately
Subsequent Events
On February 25, 2025, the Board declared a quarterly distribution of
Conference Call and Webcast Information
The Company will host an earnings conference call and audio webcast at 10:00 a.m. (Eastern Time) on Wednesday, February 26, 2025. All interested parties may participate in the conference call by dialing (800) 579-2543 approximately 5-10 minutes prior to the call, international callers should dial (785) 424-1789. Participants should reference SLR Investment Corp. and Conference ID: SLRC4Q24. A telephone replay will be available until March 12, 2025 and can be accessed by dialing (800) 839-4568. International callers should dial (402) 220-2681.
This conference call will also be broadcast live over the Internet and can be accessed by all interested parties from the Event Calendar within the “Investors” tab of SLR Investment Corp.’s website, https://slrinvestmentcorp.com/Investors/Event-Calendar. Please register online prior to the start of the call. For those who are not able to listen to the broadcast live, a replay of the webcast will be available soon after the call.
Supplemental Information of SLR Investment Corp.’s Results of Operations Quarter Over Quarter
Operating results: | Quarter Ended December 31, 2024 (unaudited) | Quarter Ended September 30, 2024 (unaudited) | |||||
Interest income | |||||||
Dividend income | 16,502 | 12,578 | |||||
Other income | 2,791 | 1,820 | |||||
Total investment income | 55,583 | 59,771 | |||||
Management fee | 7,739 | 7,893 | |||||
Net Performance-based Incentive fee | 5,920 | 6,036 | |||||
Interest and other credit facility expenses | 16,184 | 18,913 | |||||
Administrative services expense | 1,376 | 1,392 | |||||
Other general and administrative expenses | 572 | 1,189 | |||||
Net expenses | 31,791 | 35,423 | |||||
Net investment income | $23,792 | $24,348 | |||||
Net realized and unrealized gains (losses) | (1,183) | (2,299) | |||||
Net increase in net assets resulting from operations | 22,609 | 22,049 | |||||
Net investment income per common share | |||||||
Net realized and unrealized gains (losses) per common share | ( | ( | |||||
Earnings per common share - basic and diluted |
SLR INVESTMENT CORP. CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (in thousands, except share and per share amounts) | |||||||
December 31, 2024 | December 31, 2023 | ||||||
Assets | |||||||
Investments at fair value: | |||||||
Companies less than | $ | 1,027,457 | $ | 1,271,442 | |||
Companies | 89,945 | 44,250 | |||||
Companies more than | 888,232 | 839,074 | |||||
Cash | 16,761 | 11,864 | |||||
Cash equivalents (cost: | 397,510 | 332,290 | |||||
Dividends receivable | 15,375 | 11,768 | |||||
Interest receivable | 11,993 | 11,034 | |||||
Receivable for investments sold | 1,573 | 1,538 | |||||
Prepaid expenses and other assets | 571 | 608 | |||||
Total assets | $ | 2,449,417 | $ | 2,523,868 | |||
Liabilities | |||||||
Debt ( | $ | 1,031,694 | $ | 1,177,777 | |||
Payable for investments and cash equivalents purchased | 397,510 | 332,290 | |||||
Management fee payable | 7,739 | 8,027 | |||||
Performance-based incentive fee payable | 5,920 | 5,864 | |||||
Interest payable | 7,836 | 7,535 | |||||
Administrative services payable | 3,332 | 1,969 | |||||
Other liabilities and accrued expenses | 2,460 | 3,767 | |||||
Total liabilities | $ | 1,456,491 | $ | 1,537,229 | |||
Commitments and contingencies | |||||||
Net Assets | |||||||
Common stock, par value | $ | 546 | $ | 546 | |||
Paid-in capital in excess of par | 1,117,606 | 1,117,930 | |||||
Accumulated distributable net loss | (125,226 | ) | (131,837 | ) | |||
Total net assets | $ | 992,926 | $ | 986,639 | |||
Net Asset Value Per Share | $ | 18.20 | $ | 18.09 |
SLR INVESTMENT CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) | |||||||
2024 | 2023 | ||||||
INVESTMENT INCOME: | |||||||
Interest: | |||||||
Companies less than | $ | 154,077 | $ | 163,589 | |||
Companies | 3,881 | 2,058 | |||||
Companies more than | 13,055 | 11,627 | |||||
Dividends: | |||||||
Companies | 845 | — | |||||
Companies more than | 52,944 | 45,986 | |||||
Other income: | |||||||
Companies less than | 7,117 | 5,802 | |||||
Companies | — | 26 | |||||
Companies more than | 512 | 224 | |||||
Total investment income | 232,431 | 229,312 | |||||
EXPENSES: | |||||||
Management fees | 31,389 | 31,661 | |||||
Performance-based incentive fees | 24,039 | 22,898 | |||||
Interest and other credit facility expenses | 71,464 | 72,507 | |||||
Administrative services expense | 5,520 | 5,899 | |||||
Other general and administrative expenses | 3,862 | 4,756 | |||||
Total expenses | 136,274 | 137,721 | |||||
Performance-based incentive fees waived | (153 | ) | (500 | ) | |||
Net expenses | 136,121 | 137,221 | |||||
Net investment income | $ | 96,310 | $ | 92,091 | |||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND CASH EQUIVALENTS: | |||||||
Net realized loss on investments and cash equivalents: | |||||||
Companies less than | $ | (2,252 | ) | $ | (27,602 | ) | |
Companies more than | — | (381 | ) | ||||
Net realized loss on investments and cash equivalents | (2,252 | ) | (27,983 | ) | |||
Net change in unrealized gain (loss) on investments: | |||||||
Companies less than | (3,137 | ) | 20,425 | ||||
Companies | 2,105 | (1,384 | ) | ||||
Companies more than | 2,731 | (6,761 | ) | ||||
Net change in unrealized gain on investments | 1,699 | 12,280 | |||||
Net realized and unrealized loss on investments and cash equivalents | (553 | ) | (15,703 | ) | |||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 95,757 | $ | 76,388 | |||
EARNINGS PER SHARE | $ | 1.76 | $ | 1.40 |
About SLR Investment Corp.
SLR Investment Corp. is a closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company primarily invests in leveraged, U.S. upper middle market companies in the form of cash flow, asset-based, and life sciences senior secured loans.
Forward-Looking Statements
Some of the statements in this press release constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to: the Company’s access to deal flow and attractive investment opportunities; the market environment and its impact on the business prospects of SLRC and the prospects of SLRC’s portfolio companies; prospects for additional portfolio growth of SLRC; and the quality of, and the impact on the performance of SLRC from the investments that SLRC has made and expects to make. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this press release involve risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with: (i) changes in the economy, financial markets and political environment, including the impacts of inflation and changing interest rates; (ii) risks associated with possible disruption in the operations of SLRC or the economy generally due to terrorism, war or other geopolitical conflicts, natural disasters, or pandemics; (iii) future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities); (iv) conditions in SLRC’s operating areas, particularly with respect to business development companies or regulated investment companies; and (v) other considerations that may be disclosed from time to time in SLRC’s publicly disseminated documents and filings. SLRC has based the forward-looking statements included in this press release on information available to it on the date of this press release, and SLRC assumes no obligation to update any such forward-looking statements. Although SLRC undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that it may make directly to you or through reports that SLRC in the future may file with the Securities and Exchange Commission, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.
Contact
SLR Investment Corp.
Investor Relations
slrinvestorrelations@slrcp.com | (646) 308-8770

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