SLR Investment Q1 net investment income falls to $0.33 per share from $0.41
SLR Investment Corp. reported first-quarter 2026 net investment income of $17.9 million, or $0.33 per share, down from $22.1 million, or $0.41, a year earlier, and a net increase in net assets from operations of $0.31 per share versus $0.37. The company attributed lower investment income mainly to lower index rates, and net asset value fell to $18.16 per share from $18.26 at December 31, 2025. The manager permanently cut its performance-based incentive fee from 20% to 17.5%, starting in the second quarter of 2026, which benefits shareholders' earnings going forward.
Key points
- Net investment income was $17.9 million, or $0.33 per share, versus $22.1 million, or $0.41, in the first quarter of 2025.
- Total investment income was $49.3 million versus $53.2 million; net expenses were $31.4 million versus $31.1 million.
- Net asset value was $18.16 per share at March 31, 2026, down from $18.26 at December 31, 2025.
- Incentive fee cut from 20% to 17.5% starting Q2 2026; board authorized a program to repurchase up to $50 million of shares and declared a $0.31 per share distribution payable June 26, 2026.
The filing
Written by AI on Nov 9, 2026, 10:08 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 May 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.