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NexPoint Capital (NXPT), Inc. has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing that the company had total assets of $51,415,759 and total liabilities of $3,371,373, resulting in net assets of $48,044,386.
Net investment income before income taxes for the quarter was reported as a loss of $5,997, compared to a gain of $681,628 in the same period of the previous year.
Net realized and unrealized gains on investments totaled $3,141,424 for the quarter, compared to $22,833 in the previous year.
Operating expenses for the quarter were $424,605, with investment advisory fees of $224,438 and administration fees of $47,386.
The company reported a net increase in net assets resulting from operations of $3,028,267 for the quarter, compared to $704,461 in the previous year.
Cash and cash equivalents at the end of the period were $1,521,401, compared to $1,401,744 at the end of the previous year.
NexPoint Capital's investment portfolio consisted of 29 interests with a total fair value of $49,428,893, including senior secured loans, corporate bonds, common stocks, LLC interests, and preferred stocks.
The company did not make any distributions in excess of net investment income for the quarter.
The filing also details various financial agreements and related party transactions, including an expense limitation agreement with the Adviser.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the NexPoint Capital quarterly 10-Q report dated November 14, 2024. To report an error, please email earnings@qz.com.