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Sep 30, 2022
OFS Capital Q3 2022 Earnings Report
Announced third quarter 2022 financial results and increased quarterly distribution to $0.30 per share.
Key Takeaways
OFS Capital Corporation reported a solid third quarter with net investment income of $0.33 per share. The company's balance sheet is well-positioned with a high percentage of floating rate loans and a majority of liabilities at a fixed rate of interest. A dividend increase for the fourth quarter was announced.
Net investment income of $4.4 million, or $0.33 per common share.
Adjusted net investment income of $4.4 million, or $0.33 per common share.
Net loss on investments of $1.04 per common share, primarily comprised of unrealized losses of $1.00 per common share; there were no new non-accruals.
Investment portfolio’s weighted-average performing income yield increased to 11.6% from 9.1% during the prior quarter.
Forward Guidance
Management believes the Company’s balance sheet is well positioned in a rising interest rate environment due to a high percentage of floating rate loans in the portfolio and a majority of liabilities that have a fixed rate of interest.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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