05/06/2025 - 05:45 PM

2025年5月6日- 下午 5:45

NAV per share of $78.72 taking into account special dividend of $1.43 per share paid February 19, 2025

每股淨資產為 78.72 美元，考慮到2025年2月19日支付的每股特別股息 1.43 美元

NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX, PFXNZ) (the “Company”), a publicly traded business development company, today announced its financial results for the fiscal second quarter for its year ending September 30, 2025.

紐約，2025年5月6日（GLOBE NEWSWIRE）-- PhenixFIN Corporation（納斯達克：PFX，PFXNZ）（“公司”），一家上市的商業發展公司，今天公佈了截至2025年9月30日的財政年度第二季度財務業績。

Highlights:

亮點：

Second quarter total investment income of $6.0 million; net investment income of $1.0 million
Net asset value (NAV) of $159 million, or $78.72 per share as of March 31, 2025
On February 6, 2025, the Board declared a special dividend of $1.43 per share paid on February 19, 2025, to stockholders of record as of February 17, 2025
Weighted average yield was 11.82% on debt and other income producing investments

第二季度總投資收入為 600 萬美元；淨投資收入為 100 萬美元
截至2025年3月31日的淨資產值（NAV）為 1.59 億美元，或每股 78.72 美元 -2025年2月6日，董事會宣佈每股 1.43 美元的特別股息，於2025年2月19日支付給截至2025年2月17日的股東
債務和其他收入產生投資的加權平均收益率為 11.82%

“In light of the broader market volatility we are pleased with another solid quarter,” stated David Lorber, Chief Executive Officer. “Also, on April 17th we closed on an extension and successful upsize of our credit facility to April 17, 2030 and $100 million, respectively. In addition, expecting reduced overall interest expense savings with our facility funding costs declining to SOFR+250 from SOFR+290. This comes at a great time given the robust opportunity set we see in the current market environment.”

“考慮到更廣泛的市場波動，我們對又一個穩健的季度感到滿意，” 首席執行官 David Lorber 表示。“此外，在 4 月 17 日，我們成功延長並擴大了我們的信貸額度至2030年4月17日和 1 億美元。此外，預計整體利息支出將減少，融資成本將從 SOFR+290 降至 SOFR+250。這在當前市場環境中提供了良好的機會。”

Selected Second Quarter 2025 Financial Results for the Quarter Ended March 31, 2025:

截至2025年3月31日的 2025 年第二季度財務業績摘要：

Total investment income was $6.0 million of which $5.9 million was attributable to portfolio interest and dividend income, and $0.1 million was attributable to fee and other income.

總投資收入為 600 萬美元，其中 590 萬美元來自投資組合利息和股息收入，10 萬美元來自費用和其他收入。

Total net expenses were $5.0 million and total net investment income was $1.0 million.

總淨支出為 500 萬美元，總淨投資收入為 100 萬美元。

The Company recorded a net realized loss of $1.1 million and a net unrealized loss of $0.5 million.

公司記錄了 110 萬美元的淨實現損失和 50 萬美元的淨未實現損失。

Portfolio and Investment Activities for the Quarter Ended March 31, 2025:

截至2025年3月31日的投資組合和投資活動：

The fair value of the Company's investment portfolio totaled $286.8 million and consisted of 36 portfolio companies.

公司的投資組合公允價值總計為 2.868 億美元，包含 36 家投資組合公司。

The Company had certain investments in 2 portfolio companies on non-accrual status with a fair market value of $1.4 million.

公司在 2 家投資組合公司中有部分投資處於不計息狀態，公允市場價值為 140 萬美元。

Liquidity and Capital Resources:

流動性和資本資源：

As of March 31, 2025, the Company had $8.7 million in cash and cash equivalents, $59.2 million in aggregate principal amount of its 5.25% unsecured notes due 2028 and $79.6 million outstanding under the Credit Facility (prior to its upsizing).

截至2025年3月31日，公司擁有 870 萬美元的現金及現金等價物，5920 萬美元的 5.25% 無擔保債券（到期日為 2028 年）和 7960 萬美元的信貸額度（在擴大之前）。

ABOUT PHENIXFIN CORPORATION

關於 PHENIXFIN CORPORATION

PhenixFIN Corporation is a non-diversified, internally managed closed-end management investment company incorporated in Delaware that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. We completed our initial public offering and commenced operations on January 20, 2011. The Company has elected, and intends to qualify annually, to be treated, for U.S. federal income tax purposes, as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Effective January 1, 2021, the Company operates under an internalized management structure.

PhenixFIN Corporation 是一家非多元化、內部管理的封閉式管理投資公司，註冊於特拉華州，已選擇根據 1940 年投資公司法（經修訂）進行監管。我們於2011年1月20日完成首次公開募股並開始運營。公司已選擇並打算每年申請，作為美國聯邦所得税目的，按照 1986 年《國內税收法》第 M 章（經修訂）被視為受監管的投資公司。自2021年1月1日起，公司在內部管理結構下運營。

SAFE HARBOR STATEMENT AND OTHER DISCLOSURES

安全港聲明及其他披露

This press release contains “forward-looking” statements. Such forward-looking statements reflect current views with respect to future events and financial performance, and the Company may make related oral forward-looking statements on or following the date hereof. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, including among other things, PhenixFIN’s ability to execute on its strategic initiatives, deliver value to shareholders, increase investment activity, increase net investment income, reduce interest expenses, implement its investment strategy and achieve its investment objective, source and capitalize on investment opportunities, grow its net asset value per share and perform well in the prevailing market environment, the ability of our portfolio companies, including National Security Group, Inc. to perform well and generate income and other factors that are enumerated in the Company’s periodic filings with the Securities and Exchange Commission. PhenixFIN Corporation disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release.

本新聞稿包含 “前瞻性” 聲明。這些前瞻性聲明反映了對未來事件和財務表現的當前看法，公司可能會在本聲明日期或之後作出相關的口頭前瞻性聲明。這些前瞻性聲明受到預測未來結果和條件固有的不確定性的影響。某些因素可能導致實際結果和條件與這些前瞻性聲明中預測的結果和條件有重大差異，包括但不限於，PhenixFIN 執行其戰略計劃、為股東創造價值、增加投資活動、增加淨投資收入、減少利息支出、實施其投資策略和實現其投資目標、尋找和利用投資機會、提高每股淨資產值以及在當前市場環境中表現良好的能力，包括 National Security Group, Inc.的投資組合公司表現良好併產生收入的能力，以及公司定期向證券交易委員會提交的文件中列舉的其他因素。PhenixFIN Corporation 不承擔更新或修訂本新聞稿中任何前瞻性聲明的義務。

Past performance is not a guarantee of future results. The press release contains unaudited financial results. For ease of review, we have excluded the word "approximately" when rounding the results. This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell shares of PhenixFIN Corporation’s common stock. There can be no assurance that PhenixFIN Corporation will achieve its investment objective.

過去的表現並不能保證未來的結果。 本新聞稿包含未經審計的財務結果。為方便審閲，我們在四捨五入結果時省略了 “約” 的字眼。本新聞稿僅供信息參考，並不是購買或出售 PhenixFIN Corporation 普通股的要約或招攬。不能保證 PhenixFIN Corporation 將實現其投資目標。

ForPhenixFINinvestor relations, please call 212-859-0390. For media inquiries, please contactinfo@phenixfc.com.

有關 PhenixFIN 投資者關係，請致電 212-859-0390。媒體查詢請聯繫 info@phenixfc.com。


PHENIXFIN CORPORATION Consolidated Statements of Assets and Liabilities

	March 31, 2025			September30, 2024
	(Unaudited)
Assets:
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $149,358,044 and $143,179,354 respectively)	$	150,403,826			$	142,233,426
Affiliated investments (amortized cost of $20,572,531 and $20,564,242, respectively)		13,777,521				14,750,785
Controlled investments (amortized cost of $150,553,974 and $97,016,429, respectively)		122,661,590				70,931,647
Total Investments at fair value		286,842,937				227,915,858
Cash and cash equivalents		8,689,461				67,571,559
Receivables:
Interest receivable		1,060,559				1,313,598
Other receivable		16,640				65,838
Dividends receivable		-				23,468
Deferred tax asset, net		557,463				887,099
Other assets		435,617				1,066,323
Deferred financing costs		419,172				760,680
Receivable for investments sold		2,328,555				2,955,775
Due from Affiliate		257,852				90,500
Prepaid share repurchase		101,115				101,115
Total Assets	$	300,709,371			$	302,751,813

Liabilities:
Credit facility and notes payable (net of debt issuance costs of $1,326,546 and $1,510,815, respectively)	$	137,434,952			$	135,723,636
Accounts payable and accrued expenses		2,937,872				5,570,150
Interest and fees payable		1,078,676				768,043
Other liabilities		223,362				294,063
Due to Affiliate		46,995				88,148
Total Liabilities		141,721,857				142,444,040

Commitments and Contingencies (see Note 8)

Net Assets:
Common Shares, $0.001 par value; 5,000,000 shares authorized; 2,723,709 shares issued; 2,019,778 and 2,019,778 common shares outstanding, respectively		2,020				2,020
Capital in excess of par value		704,909,588				704,909,588
Total distributable earnings (loss)		(545,924,094	)			(544,603,835	)
Total Net Assets		158,987,514				160,307,773
Total Liabilities and Net Assets	$	300,709,371			$	302,751,813

Net Asset Value Per Common Share	$	78.72			$	79.37


PHENIXFIN CORPORATION
合併資產負債表

	2025年3月31日			2024年9月30日
	（未經審計）
資產：
公允價值投資
非控制性、非關聯投資（攤銷成本分別為$149,358,044 和$143,179,354）	$	150,403,826			$	142,233,426
關聯投資（攤銷成本分別為$20,572,531 和$20,564,242）		13,777,521				14,750,785
控制性投資（攤銷成本分別為$150,553,974 和$97,016,429）		122,661,590				70,931,647
公允價值投資總額		286,842,937				227,915,858
現金及現金等價物		8,689,461				67,571,559
應收款項：
應收利息		1,060,559				1,313,598
其他應收款		16,640				65,838
應收股息		-				23,468
遞延所得税資產，淨額		557,463				887,099
其他資產		435,617				1,066,323
遞延融資成本		419,172				760,680
已售投資應收款		2,328,555				2,955,775
應收關聯方款項		257,852				90,500
預付股票回購款		101,115				101,115
資產總計	$	300,709,371			$	302,751,813

負債：
信貸設施及應付票據（扣除債務發行成本分別為$1,326,546 和$1,510,815）	$	137,434,952			$	135,723,636
應付賬款及應計費用		2,937,872				5,570,150
應付利息及費用		1,078,676				768,043
其他負債		223,362				294,063
應付關聯方款項		46,995				88,148
負債總計		141,721,857				142,444,040

承諾與或有事項（見註釋 8）

淨資產：
普通股，面值$0.001；授權 5,000,000 股；已發行 2,723,709 股；流通股 2,019,778 和 2,019,778 股		2,020				2,020
超過面值的資本		704,909,588				704,909,588
可分配收益（損失）總額		(545,924,094	)			(544,603,835	)
淨資產總計		158,987,514				160,307,773
負債與淨資產總計	$	300,709,371			$	302,751,813

每股淨資產價值	$	78.72			$	79.37


PHENIXFIN CORPORATION Consolidated Statements of Operations (Unaudited)

	For the Three Months Ended March 31,			For the Six Months Ended March 31,
	2025			2024			2025		2024
Interest Income:
Interest from investments
Non-controlled, non-affiliated investments:
Cash	$	2,957,380			$	1,950,898		$	5,950,065		$	4,633,041
Payment in-kind		263,784				90,530			618,465			181,204
Affiliated investments:
Cash		-				276,484			-			732,176
Controlled investments:
Cash		626,790				294,028			1,214,985			580,266
Payment in-kind		-				118,864			-			268,831
Total interest income		3,847,954				2,730,804			7,783,515			6,395,518
Dividend income
Non-controlled, non-affiliated investments		378,232				669,359			974,530			1,797,891
Affiliated investments		111,736				-			254,231			-
Controlled investments		1,580,616				982,903			2,979,966			1,868,097
Total dividend income		2,070,584				1,652,262			4,208,727			3,665,988
Interest from cash and cash equivalents		45,812				199,266			104,753			240,374
Fee income (see Note 9)		29,673				76,517			40,737			78,625
Other income		25,000				-			97,774			22
Total Investment Income		6,019,023				4,658,849			12,235,506			10,380,527

Expenses:
Interest and financing expenses		2,578,963				1,567,352			5,124,774			3,109,413
Salaries and benefits		1,185,054				1,524,508			2,213,671			2,949,500
Professional fees, net		577,965				343,150			995,978			700,704
Directors fees		204,000				187,500			408,000			375,000
Administrator expenses (see Note 6)		112,829				57,550			197,184			135,402
Insurance expenses		86,498				96,694			174,919			194,450
General and administrative expenses		307,739				310,776			529,532			635,837
Total expenses		5,053,048				4,087,530			9,644,058			8,100,306
Net Investment Income		965,975				571,319			2,591,448			2,280,221

Realized and unrealized gains (losses) on investments
Net realized gains (losses):
Non-controlled, non-affiliated investments		(1,065,013	)			200,754			103,657			430,558
Affiliated investments		-				(1,991,456	)		-			(1,991,456	)
Total net realized gains (losses)		(1,065,013	)			(1,790,702	)		103,657			(1,560,898	)
Net change in unrealized gains (losses):
Non-controlled, non-affiliated investments		1,183,172				1,796,767			1,991,710			3,161,010
Affiliated investments		(92,367	)			2,282,655			(981,553	)		4,713,918
Controlled investments		(1,558,264	)			2,512,263			(1,807,602	)		1,311,890
Total net change in unrealized gains (losses)		(467,459	)			6,591,685			(797,445	)		9,186,818
Deferred tax benefit (expense), net		(329,636	)			-			(329,636	)		-
Total realized and unrealized gains (losses)		(1,862,108	)			4,800,983			(1,023,424	)		7,625,920

Net Increase (Decrease) in Net Assets Resulting from Operations	$	(896,133	)		$	5,372,302		$	1,568,024		$	9,906,141
Weighted average basic and diluted earnings per common share	$	(0.44	)		$	2.62		$	0.78		$	4.81
Weighted average common shares outstanding - basic and diluted (see Note 11)		2,019,778				2,048,622			2,019,778			2,060,723


PHENIXFIN CORPORATION 合併運營報表（未經審計）

	截至三個月 2025年3月31日			截至六個月 2024年3月31日
	2025			2024			2025		2024
利息收入：
投資利息
非控制、非關聯投資：
現金	$	2,957,380			$	1,950,898		$	5,950,065		$	4,633,041
實物支付		263,784				90,530			618,465			181,204
關聯投資：
現金		-				276,484			-			732,176
控制投資：
現金		626,790				294,028			1,214,985			580,266
實物支付		-				118,864			-			268,831
總利息收入		3,847,954				2,730,804			7,783,515			6,395,518
股息收入
非控制、非關聯投資		378,232				669,359			974,530			1,797,891
關聯投資		111,736				-			254,231			-
控制投資		1,580,616				982,903			2,979,966			1,868,097
總股息收入		2,070,584				1,652,262			4,208,727			3,665,988
現金及現金等價物利息		45,812				199,266			104,753			240,374
費用收入（見註釋 9）		29,673				76,517			40,737			78,625
其他收入		25,000				-			97,774			22
總投資收入		6,019,023				4,658,849			12,235,506			10,380,527

費用：
利息和融資費用		2,578,963				1,567,352			5,124,774			3,109,413
工資和福利		1,185,054				1,524,508			2,213,671			2,949,500
專業費用，淨額		577,965				343,150			995,978			700,704
董事費用		204,000				187,500			408,000			375,000
管理費用（見註釋 6）		112,829				57,550			197,184			135,402
保險費用		86,498				96,694			174,919			194,450
一般和行政費用		307,739				310,776			529,532			635,837
總費用		5,053,048				4,087,530			9,644,058			8,100,306
淨投資收入		965,975				571,319			2,591,448			2,280,221

投資的已實現和未實現收益（損失）
已實現淨收益（損失）：
非控制、非關聯投資		(1,065,013	)			200,754			103,657			430,558
關聯投資		-				(1,991,456	)		-			(1,991,456	)
總已實現淨收益（損失）		(1,065,013	)			(1,790,702	)		103,657			(1,560,898	)
未實現收益（損失）的淨變化：
非控制、非關聯投資		1,183,172				1,796,767			1,991,710			3,161,010
關聯投資		(92,367	)			2,282,655			(981,553	)		4,713,918
控制投資		(1,558,264	)			2,512,263			(1,807,602	)		1,311,890
總未實現收益（損失）的淨變化		(467,459	)			6,591,685			(797,445	)		9,186,818
遞延税收利益（費用），淨額		(329,636	)			-			(329,636	)		-
總已實現和未實現收益（損失）		(1,862,108	)			4,800,983			(1,023,424	)		7,625,920

由於運營導致的淨資產增加（減少）	$	(896,133	)		$	5,372,302		$	1,568,024		$	9,906,141
每普通股加權平均基本和稀釋收益	$	(0.44	)		$	2.62		$	0.78		$	4.81
每普通股加權平均流通股 - 基本和稀釋（見註釋 11）		2,019,778				2,048,622			2,019,778			2,060,723

PhenixFIN 公司公佈 2025 財年第二季度財務業績 | PFX 股票新聞