PhenixFIN Corporation Announces Fiscal Year and Fourth Quarter 2024 Financial Results
Financial Performance: PhenixFIN Corporation reported a total investment income of $5.6 million for Q4 2024, with a net asset value (NAV) increase to $160.3 million, or $79.37 per share, reflecting a 12% growth from the previous year.
Acquisition Announcement: The company successfully acquired approximately 80% equity of The National Security Group, Inc., marking a significant milestone in its investment strategy and future growth opportunities.
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PhenixFIN Corporation Announces Fiscal Second Quarter 2025 Financial Results
Financial Performance: PhenixFIN Corporation reported a total investment income of $6.0 million and a net investment income of $1.0 million for the fiscal second quarter ending March 31, 2025, with a net asset value of $159 million or $78.72 per share.
Operational Updates: The company successfully extended its credit facility to April 17, 2030, increasing it to $100 million, which is expected to reduce overall interest expenses, while also noting a net realized loss of $1.1 million during the quarter.
PhenixFIN Corporation Announces Fiscal Year and Fourth Quarter 2024 Financial Results
Financial Performance: PhenixFIN Corporation reported a total investment income of $5.6 million for Q4 2024, with a net asset value (NAV) increase to $160.3 million, or $79.37 per share, reflecting a 12% growth from the previous year.
Acquisition Announcement: The company successfully acquired approximately 80% equity of The National Security Group, Inc., marking a significant milestone in its investment strategy and future growth opportunities.