Increase in Net Asset Value (NAV)
The company's NAV as of June 30 was $7.31 per share, up 1.1% from $7.23 as of March 31.
Strong Recurring Cash Flows
Second quarter recurring cash flows were $85 million or $0.69 per share, exceeding quarterly aggregate common distributions and total expenses by $0.08 per share.
Successful Capital Deployment
The company deployed $86 million into new investments, capitalizing on market dislocation to acquire CLO equity positions at attractive discounted levels.
Strategic Partnerships
Entered into a second strategic CLO collateral manager partnership, potentially enhancing shareholder returns over time.
Positive Market Outlook
Despite volatility, strong performance expected in the second half of 2025 as CLO equity catches up to broader market recovery.