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Jun 30, 2024
SLR Q2 2024 Earnings Report
Reported net investment income and declared quarterly distribution, with stable NAV per share.
Key Takeaways
SLR Investment Corp. reported a net investment income of $0.45 per share for the second quarter of 2024. The Board declared a quarterly distribution of $0.41 per share. The net asset value was $18.20 per share as of June 30, 2024.
Net investment income reached the highest level in 5 years.
Portfolio growth driven by originations in sponsor finance and specialty finance investments.
Multi-strategy approach provides greater earnings stability.
Portfolio continues to perform well with NAV stability and a decline in non-accrual investments.
Forward Guidance
The forward-looking statements include statements as to: the expected stability of the Company’s earnings; the excess spread of the Company’s investments; the Company’s ability to opportunistically access the investment grade debt market; the market environment and its impact on the business prospects of SLRC and the prospects of SLRC’s portfolio companies; prospects for additional portfolio growth of SLRC; and the quality of, and the impact on the performance of SLRC from the investments that SLRC has made and expects to make.
Positive Outlook
- Expected stability of the Company’s earnings
- Excess spread of the Company’s investments
- Company’s ability to opportunistically access the investment grade debt market
- Prospects for additional portfolio growth of SLRC
- Quality of, and the impact on the performance of SLRC from the investments that SLRC has made and expects to make
Challenges Ahead
- Changes in the economy, financial markets and political environment, including the impacts of inflation and changing interest rates
- Risks associated with possible disruption in the operations of SLRC or the economy generally due to terrorism, war or other geopolitical conflicts, natural disasters, or pandemics
Historical Earnings Impact
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Avg. Return Before/After Earnings
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