SLR Investment Corp. ( (SLRC) ) has released its Q3 earnings. Here is a breakdown of the information SLR Investment Corp. presented to its investors.
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SLR Investment Corp. is a closed-end investment company focused on specialty finance, primarily investing in leveraged U.S. upper middle market companies through cash flow, asset-based, and life sciences senior secured loans.
In its latest earnings report for the quarter ended September 30, 2024, SLR Investment Corp. reported a stable net asset value of $18.20 per share and a net investment income of $0.45 per share. The company declared a quarterly distribution of $0.41 per share and maintained a solid investment portfolio worth $3.2 billion.
Key highlights of the quarter include robust activity in the asset-based lending strategy, demonstrated by the acquisition of a factoring business, and a diverse portfolio with investments across approximately 850 unique issuers. The company’s leverage ratio stood at 1.10x net debt-to-equity, and it reported a net increase in net assets from operations of $22.0 million. Despite a slight decrease in expenses and stable investment income, SLR faced net realized and unrealized losses of $2.3 million.
Looking forward, SLR Investment Corp. remains focused on leveraging its multi-strategy approach to navigate economic and interest rate cycles, emphasizing credit quality and risk management. The management’s outlook indicates continued confidence in identifying attractive risk-adjusted return investments and maintaining portfolio stability.
