Wed, Aug 14, 6:21 PM (153 days ago)
For the quarter ended June 30, 2024, NexPoint Capital, Inc. reported a decline in net assets, with a net decrease of $270,425, compared to a decrease of $114,937 in the same quarter last year. Total investment income fell to $463,895 from $918,436 year-over-year, driven by reduced interest and dividend income. The company incurred net expenses of $369,923, down from $406,370, reflecting a decrease in management fees. The net asset value per share decreased to $5.20 from $5.35 at the end of the previous quarter. Significant realized losses of $1,246,857 were reported, alongside unrealized gains of $866,598, indicating volatility in the investment portfolio. As of June 30, 2024, total assets decreased to $47,898,432 from $51,279,034 at year-end 2023, with cash and equivalents increasing to $2,267,422. The investment strategy remains focused on middle-market companies, particularly in healthcare, while the portfolio's yield was estimated at 1.89%. The company continues to face uncertainties related to market conditions and operational challenges, impacting its financial health and future operations.