OFS Capital Q2 2024 Earnings Report
Key Takeaways
OFS Capital Corporation reported an increase in net asset value per common share to $11.51 as of June 30, 2024, from $11.08 as of March 31, 2024. The investment portfolio's weighted-average performing income yield increased to 13.4% from 13.0% during the prior quarter. Net investment income decreased to $0.26 per common share for the quarter ended June 30, 2024 from $0.42 per common share for the quarter ended March 31, 2024.
Net investment income decreased to $0.26 per common share.
Net gain on investments was $0.51 per common share, primarily from net unrealized appreciation.
Net asset value per common share increased to $11.51.
Weighted-average performing income yield increased to 13.4%.
OFS Capital
OFS Capital
Forward Guidance
Management believes that the Company continues to benefit from its balance sheet positioning, with the vast majority of its loan portfolio being floating rate and the majority of its debt being fixed-rate.