- Net investment income of $82.3M compares to $74M a year ago. NII per share of $0.32 vs. $0.46 per share a year ago as offerings boosted the share count. Cumulative dividends in FQ1 of $0.3306 per share.
- NAV per share of $10.72 is flat from last quarter and compares to today's close of $11.43. Debt/equity ratio of 53.7% is down from 55.7%. FQ2 NII per share guidance of $0.28-$0.33.
- 18 new and follow-on investments during quarter totaling $556.8M. 2 investments sold and 7 were repaid. Net investments foots to $392.7M. Originations were titled towards the last two months of the quarter, giving only partial benefit to results (likely why they missed by $0.01).
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Earnings call tomorrow at 11 ET.
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FQ1 results, press release.
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PSEC -0.3% AH.