PhenixFIN Q2 NAV Drops to $79.56 Per Share, Declares $0.07 Dividend
PhenixFIN reported Q2 net investment income of $0.7 million on $5.2 million total investment income, generating a $1.7 million unrealized gain offset by a $1.1 million realized loss. NAV fell to $79.56 per share and the board declared a special $0.07 dividend while repurchasing 66,396 shares (3.3%).
1. Financial Results
PhenixFIN reported total investment income of $5.2 million and net investment income of $0.7 million in fiscal Q2, with a $1.7 million unrealized gain partially offset by a $1.1 million realized loss. The firm posted GAAP net income of $1.1 million (57 cents per share) while adjusted EPS of $0.37 missed consensus estimates of $0.45.
2. NAV and Dividend Declaration
Net asset value declined to $79.56 per share as of March 31, 2026. The board approved a special dividend of $0.07 per share payable May 28, 2026, to shareholders of record on May 18, 2026.
3. Portfolio Composition and Buyback
The investment portfolio fair value stood at $295.8 million across 32 portfolio companies, with one investment on non-accrual status. During Q2, the company repurchased 66,396 shares, representing 3.3% of outstanding shares, while maintaining a weighted average yield of 13.1%.