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Stock impact report

OFS Capital Corporation Announces First Quarter 2020 Financial Results

OFS Capital Corporation - Closed End Fund (OFS) 
Last ofs capital corporation - closed end fund earnings: 3/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.ofscapitalcorp.com
Company Research Source: Business Wire
Net Investment Income of $0.30 per common shareDeclares 30th Consecutive Quarterly Distribution on common shares CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (NASDAQ:OFS) ("OFS Capital," the "Company," "we," "us," or "our") today announced its financial results for the quarter ended March 31, 2020.FINANCIAL HIGHLIGHTSNet investment income of $3.97 million, or $0.30 per share.Net asset value ("NAV") per share decreased to $9.71 at March 31, 2020 from $12.46 at December 31, 2019. The fair value mark on our portfolio declined by approximately 7.2% and one loan was placed on non-accrual during the quarter.At March 31, 2020, 91% and 79% of our loan portfolio and total portfolio, respectively, consisted of senior secured loans, based on fair value.As of March 31, 2020, 93% of our debt matures in 2024 and beyond and 44% of our outstanding debt is unsecured.On May 4, 2020, OFS Capital's Board of Directors declared a distribution of $0.17 per share for the second quarter of 2020, payab Show less Read more
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