Phenixfin Corp (OQ:PFX)

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: 445 Park Avenue, 9Th Floor
NEW YORK NY 10022
Tel: N/A
Website: https://www.phenixfc.com
IR: See website
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Key People
David A. Lorber
Chairman of the Board, Chief Executive Officer 		Ellida Mcmillan
Chief Financial Officer 		 
Business Overview
PhenixFIN Corporation is an internally managed non-diversified closed-end management investment company. The Company's investment objective is to generate current income and capital appreciation. It seeks to achieve this objective primarily through making loans, private equity or other investments in privately held companies. It may also make debt, equity or other investments in publicly traded companies. These investments may also include investments in other BDCs, closed-end funds or real estate investment trusts (REITs). It may also pursue other strategic opportunities and invest in other assets or operate other businesses to achieve its investment objective, such as operating and managing an asset-based lending business. The portfolio generally consists of senior secured first lien term loans, senior secured second lien term loans, senior secured bonds, preferred equity and common equity. Its loan and other debt investments are primarily rated below investment grade or are unrated.
Financial Overview
For the three months ended 31 December 2023, Phenixfin Corp revenues increased 22% to $5.7M. Net income increased 15% to $4.5M. Revenues reflect Non-controlled/non-affiliated investme increase of 40% to $2.7M, Affiliated investments: Cash increase from $198K to $456K, Controlled investments: Cash increase of 47% to $286K. Net income was partially offset by Controlled investments decrease from $51K (income) to $1.2M (expense).
Employees: 6 as of Sep 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $161.34M as of Dec 31, 2023
Annual revenue (TTM): $21.15M as of Dec 31, 2023
EBITDA (TTM): $6.57M as of Dec 31, 2023
Net annual income (TTM): $27.50M as of Dec 31, 2023
Free cash flow (TTM): -$9.15M as of Dec 31, 2023
Net Debt Last Fiscal Year: $72.16M as of Dec 31, 2023
Shares outstanding: 2,060,490 as of Feb 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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