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PhenixFIN Corporation (PFX+2.30%) has submitted its Form 10-K filing for the fiscal year ended September 30, 2024.
The filing reports total investment income of $22.2 million for the year, with interest income contributing $14.3 million and dividend income contributing $6.9 million.
Total operating expenses for the year were $17.4 million, which included $6.6 million in interest and financing expenses and $6.9 million in salaries and benefits.
Net investment income for the year was $4.7 million, compared to $6.3 million in the previous year.
The company reported net realized gains on investments of $7.3 million, primarily due to gains on Maritime Wireless Holdings and Kemmerer Operations, LLC.
Net change in unrealized gains on investments was $5.7 million, with significant appreciation on Chimera Investment Corporation and FST Holdings Parent LLC.
PhenixFIN's portfolio had a fair market value of approximately $227.9 million as of September 30, 2024, with investments in various sectors including real estate, business services, and consumer services.
The company had $67.6 million in cash and cash equivalents at the end of the fiscal year.
PhenixFIN Corporation's net asset value per share was reported at $79.37 as of September 30, 2024.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the PhenixFIN Corporation annual 10-K report dated December 17, 2024. To report an error, please email earnings@qz.com.