OFS Capital Q1 2022 Earnings Report
Key Takeaways
OFS Capital Corporation reported a net investment income of $3.0 million, or $0.22 per common share, and an adjusted net investment income of $4.1 million, or $0.30 per common share for the first quarter of 2022. The net asset value per common share increased to $15.52. The board declared a distribution of $0.29 per common share for the second quarter of 2022.
Net investment income was $3.0 million, or $0.22 per common share.
Adjusted net investment income was $4.1 million, or $0.30 per common share.
Net gain on investments was $5.5 million, or $0.41 per common share.
Net asset value per common share was $15.52 as of March 31, 2022, an increase from $15.18 as of December 31, 2021.
OFS Capital
OFS Capital
Forward Guidance
Management believes that credit quality remains solid and that the portfolio is well positioned in a rising interest rate environment due to a high percentage of floating rate loans.