OFS Capital Reports Third Quarter 2024 Results
Company Announcements

OFS Capital Reports Third Quarter 2024 Results

OFS Capital ( (OFS) ) has released its Q3 earnings. Here is a breakdown of the information OFS Capital presented to its investors.

OFS Capital Corporation is an externally managed business development company focused on providing income and capital appreciation through debt and equity investments in privately held middle-market companies in the United States. The company has released its financial results for the third quarter of 2024, highlighting a slight increase in net investment income to $0.27 per share, despite a net loss on investments of $0.15 per share and a decrease in net asset value to $11.29 per share. Key performance metrics included a stable non-accrual status within the loan portfolio and an increase in the investment portfolio’s weighted-average performing income yield to 13.6%. The company’s board declared a fourth-quarter distribution of $0.34 per common share, maintaining consistent shareholder returns. Looking ahead, OFS Capital remains focused on navigating market fluctuations while optimizing its investment strategy to enhance shareholder value.

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