TRILINC Global Impact Fund LLC has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing a total investment income of $6,533,570, up from $5,765,343 in the same quarter the previous year. The increase is primarily attributed to the absence of a write-off of certain interest income related to a restructuring amounting to approximately $676,000 during the previous year's quarter.
Total expenses for the quarter were $3,282,970, compared to $3,667,471 in the previous year. The decrease is mainly due to a reduction in interest expenses following the full repayment of the leverage facility in August 2023.
Net investment income for the quarter was $3,250,600, up from $2,097,872 in the previous year. The increase is attributed to the higher investment income and lower expenses.
The company reported a net change in unrealized appreciation on investments of $287,405 for the quarter, compared to $951,316 in the previous year.
Net realized loss on investments was $0 for the quarter, compared to $2,042,012 in the previous year.
Cash provided by operating activities was $4,078,564, while cash used in financing activities was $4,181,278.
TRILINC had a net asset value per unit of $5.83 as of September 30, 2024, an increase from $5.71 at the beginning of the period.
The filing also details various financial agreements, including the repayment of a leverage facility amounting to $18,000,000 by August 31, 2023.
TRILINC continues to focus on impact investments in SMEs, primarily in developing economies, and reports on the economic, social, and environmental impact of its investments.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the TRILINC Global Impact Fund LLC. quarterly 10-Q report dated November 14, 2024. To report an error, please email earnings@qz.com.