Strong NAV Growth
Net Asset Value (NAV) increased 10.3% from last year and 3.6% from last quarter, reaching $410.5 million.
Low Nonaccrual Investments
Nonaccrual investments reduced to just one, representing only 0.2% of portfolio fair value, with the return of Xolage to accrual status.
High Return on Equity
Latest twelve months return on equity was 9.1%, up from 5.8% last year and above the industry average of 7.3%.
Consistent Dividend Payments
Announced a base dividend of $0.25 per share per month, maintaining a 12.3% yield based on a stock price of $24.41.
Significant Investment Capacity
Maintained $407 million of investment capacity, with $201 million in cash, $136 million available from SBIC, and $70 million from credit facilities.