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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.

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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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