PhenixFIN Reports FY23 NAV Per Share Grew 23%, From $57.29 Per Share To $70.75 Per Share; Q4 Total Investment Income Of $5.7M
Portfolio Pulse from Benzinga Newsdesk
PhenixFIN Corporation (NASDAQ:PFX) reported a 23% increase in NAV per share for FY23, from $57.29 to $70.75. The company's total investment income for the fourth quarter was $5.7 million, with net investment income of $1.9 million. The portfolio's fair value was $226.5 million across 42 companies, with 4 investments on non-accrual status. PhenixFIN repurchased 28,416 shares in FY23 and ended the quarter with $6.0 million in cash and cash equivalents.
December 22, 2023 | 9:03 pm
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POSITIVE IMPACT
PhenixFIN's NAV per share increased by 23% in FY23, indicating strong performance. The company's total investment income and net investment income for Q4 were $5.7 million and $1.9 million, respectively, which could be seen positively by investors.
The significant growth in NAV per share and the positive investment income figures suggest that PhenixFIN is performing well financially, which could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100