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12/17 08:44
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Net Investment Income Before Taxes $0.8 million or $0.06 per share, an increase of 1% from the previous quarter. This represents an annualized return on equity of 4.3%, up approximately 80 basis points sequentially. The increase reflects stable income generation and continued discipline on both the investing and expense fronts.
Net Asset Value (NAV) Per Share Decreased to $5.27 per share from $5.42 in the previous quarter, largely driven by fair value adjustments, including two positions being placed on nonaccrual.
Nonaccruals as a Percentage of Total Portfolio at Fair Value Remained stable at 1.6%, in line with the previous quarter. This is down meaningfully from 5% in the same period last year, reflecting progress in credit resolution and disciplined investing.
Origination Activity $19 million in originations this quarter, up from $5.1 million last quarter. Most of this activity occurred in June and was concentrated in existing portfolio companies.
Fair Value of Portfolio $204.1 million compared to $192.4 million on March 31, reflecting an increase in portfolio value.
Net Assets $76 million, a decrease of $2.1 million from the prior quarter. The decrease was due to a net decrease in net assets from operations of approximately $434,000 and $1.7 million due to the distribution of cash dividends to shareholders.
Weighted Average Yield of Portfolio 10.6%, a slight decrease from 11% in the previous quarter.
Gross Leverage and Net Leverage Gross leverage was 1.77x and net leverage was 1.54x as of June 30, compared to 1.53x gross and 1.37x net in the previous quarter.
