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Stock impact report

OFS Capital Corporation Announces First Quarter 2024 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
Declares Second Quarter Distribution of $0.34 Per Share CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (NASDAQ: OFS) (“OFS Capital,” the “Company,” “we,” “us,” or “our”) today announced its financial results for the fiscal quarter ended March 31, 2024.FIRST QUARTER FINANCIAL HIGHLIGHTSNet investment income increased to $0.42 per common share for the quarter ended March 31, 2024 from $0.35 per common share for the quarter ended December 31, 2023.Net loss on investments of $1.09 per common share for the quarter ended March 31, 2024, primarily comprised of net unrealized depreciation of $1.15 per common share.Net asset value (“NAV”) per common share decreased from $12.09 as of December 31, 2023 to $11.08 as of March 31, 2024.As of March 31, 2024, based on fair value, 91% of our loan portfolio consisted of floating rate loans and approximately 100% of our loan portfolio consisted of first lien and second lien loans.For the quarter ended March 31, 2024, the investment portfolio’s wei Show less Read more
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