Neostellar Capital reports $18.7 million Q2 net loss; NAV per share falls to $13.44
Neostellar Capital reported a net decrease in net assets from operations of $18.7 million, or $0.72 per share, for the quarter ended June 30, 2026, compared with a $62.3 million increase, or $2.63 per share, a year earlier. The net investment loss includes about $20.0 million of accelerated and non-recurring expenses tied to the company's move to an externally managed structure, and net asset value fell to $13.44 per share from $14.24 at March 31, 2026, though it remained above $9.18 a year earlier.
Key points
- Q2 2026 net decrease in net assets from operations: $18.7 million, or $0.72 per share, versus a $62.3 million increase in Q2 2025
- Net investment loss of $23.4 million includes about $20.0 million of accelerated and non-recurring expenses from the externalization
- Net asset value per share was $13.44 at June 30, 2026, down from $14.24 at March 31, 2026 and up from $9.18 at June 30, 2025
- On July 17, 2026, the company received $20.0 million of gross proceeds from a 6.50% redeemable promissory note issued to a Magnetar-affiliated entity
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.