OFS Capital (OFS) Reports In-Line Q3 EPS

OFS Capital (NASDAQ: OFS) reported Q3 EPS of $0.20, in-line with the analyst estimate of $0.20.

FINANCIAL HIGHLIGHTS

• Net investment income of $2.71 million, or $0.20 per share.
• Net asset value ("NAV") per share increased to $11.18 at September 30, 2020 from $10.10 at June 30, 2020. During the three months ended September 30, 2020, our portfolio recognized net gains of $15.3 million.
• No new loans placed on non-accrual status in the quarter.
• At September 30, 2020, 91% and 74% of our loan portfolio and total portfolio, respectively, consisted of senior secured loans, based on fair value.
• As of September 30, 2020, 88% of our debt matures in 2024 and beyond and 54% of our outstanding debt is unsecured.
• On November 3, 2020, OFS Capital's Board of Directors declared a distribution of $0.18 per share for the fourth quarter of 2020, payable on December 31, 2020, to stockholders of record as of December 24, 2020.

“Our net asset value per share increased 11% from June 30, 2020 due to appreciation of the portfolio and we had no new loans placed on non-accrual status in the quarter,” said Bilal Rashid, OFS Capital's Chairman and Chief Executive Officer. "We believe that our portfolio companies continue to perform above our expectations considering the challenging economic and public health impact of the on-going COVID-19 pandemic.”

For earnings history and earnings-related data on OFS Capital (OFS) click here.

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