SLR Investment Corp (NASDAQ:SLRC) Q4 2022 Earnings Conference Call March 1, 2023 10:00 AM ET
Company Participants
Michael Gross - Chairman, President & Co-CEO
Richard Peteka - Treasurer, Secretary & CFO
Bruce Spohler - COO, Co-CEO & Interested Director
Conference Call Participants
Casey Alexander - Compass Point Research & Trading
Erik Zwick - Hovde Group
Mickey Schleien - Ladenburg Thalmann & Co.
Paul Johnson - KBW
Robert Dodd - Raymond James & Associates
Operator
Good day, everyone, and welcome to today's Fourth Quarter 2022 SLR Investment Corp. Earnings Call. [Operator Instructions].
It is now my pleasure to turn today's program over to Michael Gross, Chairman and Co-CEO. Sir, please begin.
Michael Gross
Thank you very much, and good morning. Welcome to SLR Investment Corp.'s earnings call for the fiscal year ended December 31, 2022. I'm joined today by Bruce Spohler, our Co-CEO; and Rich Peteka, our Chief Financial Officer.
Rich, before we begin, would you please start by covering the webcast and forward-looking statements?
Richard Peteka
Sure. Thanks, Michael. I would like to remind everyone that today's call and webcast are being recorded. Please note that there is a property of SLR Investment Corp and that any unauthorized broadcast in any form are strictly prohibited. This call is being webcast from the event calendar in the Investors section of our website at www.slrinvestmentcorp.com. Audio replays of this call will be made available later today, as disclosed in our earnings press release.
I would also like to call your attention to the customary disclosures in our press release regarding forward-looking information. Statements made in this conference call and webcast may constitute forward-looking statements, which relate to future events or our future performance or financial condition. These statements are not guarantees of our future performance, financial condition or results and involve a number of risks and uncertainties.
As performance is not indicative of future results, actual results may differ materially as a result of a number of factors, including those described from time to time in our filings with the SEC. SLR Investor Corp. undertakes no duty to update any forward-looking statements, unless required to do so by law. To obtain copies of our latest SEC filings, please visit our website or call us at 212-993-1670.
With that said, I would like to turn the call back to our Chairman and Co-CEO, and Michael Gross.
Michael Gross
Thank you very much, Rich, and good morning again, and thank you for joining us. We are to report that for the fourth quarter of 2022, SLRC earned net investment income of $0.41 per share, which fully covered our distributions. Due to the realization of synergies, portfolio growth, rising interest rates and stable portfolio credit quality, we were able to reach this net investment income target faster than we had projected at the time of the merger of SLRC and SUNS.