登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605333 证券简称：沪光股份 公告编号：2026-007 昆山沪光汽车电器股份有限公司关于参与设立产业投资基金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示: ● 投资标的名称：嘉兴怡达行健创业投资合伙企业（有限合伙）（暂定名，以最终登记核准为准）（以 下简称"合伙企业"或"基金"）。 ● 出资金额：昆山沪光汽车电器股份有限公司（以下简称"公司"）作为有限合伙人拟以自有资金认缴出 资2,000万元，出资占比13.20%（以下简称"本次交易"）。 ● 本次交易：不构成关联交易，亦未构成重大资产重组。 ● 特别风险提示：截至本公告披露日，合伙企业尚未完成工商注册登记，尚需在中国证券投资基金业协 会履行登记备案程序，能否顺利完成备案以及完成时间尚存在不确定性；且基金具有投资周期长、流动 性低的特点，在后期运营过程中，项目投资易受宏观经济、行业周期、交易方案及投资标的经营管理情 况等多重因素影响，可能存在投资收益不及预期的风险，敬请广大投资者注意 ...

Key Takeaways MAIN's Q4 distributable net investment income of $1.09 beat estimates and rose from $1.04 a year ago.Total investment income climbed 3.6% Y/Y to $145.5M, driven by higher dividend and fee income.Expenses rose 2.7% Y/Y to $51.4M, while LMM investments jumped to $300M in the quarter.Main Street Capital Corporation’s (MAIN) fourth-quarter 2025 distributable net investment income of $1.09 per share surpassed the Zacks Consensus Estimate of $1.05. The reported figure compares favorably with $1.04 p ...

分组1 - The article discusses the ongoing debate regarding congressional stock trading, particularly in light of President Trump's comments during the State of the Union address, where he criticized lawmakers for potentially profiting from insider information [5][4]. - The STOCK Act, signed into law in 2012, aims to prevent conflicts of interest by prohibiting lawmakers from using non-public information for trading and requires them to disclose stock trades within 45 days [1]. - Despite the existence of the STOCK Act, critics argue that enforcement is weak, and violations often result in minimal penalties, leading to concerns about the effectiveness of the law [5]. 分组2 - President Trump highlighted the stock market's role in wealth creation, noting that it has reached 53 all-time record highs since his election, which has positively impacted retirement savings for many Americans [6]. - The S&P 500 index has shown significant growth, returning approximately 16% in 2025 and around 81% over the past five years, indicating a strong market performance [6]. - The article also mentions various investment platforms, such as Moby and Acorns, which provide tools for individual investors to participate in the stock market without needing insider information [7][9]. 分组3 - The article notes that many lawmakers are also involved in real estate investments, with a 2021 analysis revealing that 238 federal lawmakers, including 44 senators and 194 House members, are landlords [12]. - Real estate is highlighted as a long-term wealth-building asset that can provide steady rental income and is often viewed as a hedge against inflation [13]. - Investment platforms like Lightstone DIRECT and Mogul offer opportunities for investors to access institutional-quality real estate investments with lower capital requirements [15][17].

Financial Data and Key Metrics Changes - In Q4 2025, total investment income was $42.2 million, an increase of $4.9 million from Q3 2025, driven by higher interest income and fee income [16][17] - Adjusted net investment income (NII) grew 5.1% to $19.4 million, with adjusted NII per share at $0.52, compared to $0.50 in Q3 2025 [7][18] - Net asset value increased by 13.2% to $741.9 million at quarter end, with a per-share value of $19.55 [9] Business Line Data and Key Metrics Changes - Originations in Q4 2025 reached $213.7 million, the highest quarterly amount, with total investments for 2025 at $498.2 million [4][5] - The debt portfolio performed well, with first lien investments comprising 86% of the total debt portfolio [11] - The software and tech-enabled services portfolio was valued at $464 million, with 92% in first lien debt [12][13] Market Data and Key Metrics Changes - The company noted a strong M&A environment contributing to increased deal flow, with expectations for continued activity in 2026 [4][15] - The weighted average interest rate on outstanding debt was 5.2% as of December 31, 2025 [19] Company Strategy and Development Direction - The company aims to generate attractive, risk-adjusted returns for shareholders while growing net asset value over time [15] - Focus on investing in niche market leaders with proven business models that generate recurring revenue and cash flow [7][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the deal flow for 2026, although Q1 is expected to be more modest compared to Q4 2025 [15][28] - The company is confident in the health of its portfolio, with non-accruals accounting for less than 1% of the total portfolio [13] Other Important Information - The company declared a total dividend of $0.52 per share for Q1 2026, consisting of a base dividend and a supplemental dividend [8] - Total liquidity as of December 31, 2025, was approximately $304.8 million, including cash and available credit [21] Q&A Session Summary Question: Is there any spillover of deals from Q4 into Q1? - Management indicated that Q1 2026 deal flow is expected to be more modest, with some growth anticipated as the year progresses [28] Question: Can you elaborate on the software portfolio and AI risks? - Management emphasized the importance of evaluating the durability and value proposition of software companies, noting that nearly all portfolio companies are adding AI features [32][34] Question: What is the focus on ARR loans? - Approximately 22% of the software portfolio consists of ARR loans, with a focus on growth through covenants [40] Question: How comfortable is the company with its largest investment in Fan Steel? - Management expressed strong confidence in the long-term outlook for Fan Steel, viewing it as a leader in its space [42] Question: What is the average floor in the floating rate debt portfolio? - Most recent floors are in the 2% range, which is a market convention for the company [44] Question: How does the company view recovery rates in the lower middle market? - Management indicated that recovery rates for first lien loans typically range from 60% to 85%, and they do not foresee drastic changes in values [67][68]

Financial Data and Key Metrics Changes - Net investment income (NII) per share for Q4 2025 was $0.39, while GAAP net loss per share was $0.14, which excludes one-time financing-related expenses, resulting in a net loss per share of $0.10 [6][7] - NAV per share decreased by 3.3% to $14.18 at the end of December compared to the prior quarter [7] - Total investment income for the December quarter was approximately $78.4 million, a decline of 5.1% from the prior quarter [20] Business Line Data and Key Metrics Changes - New commitments in the December quarter totaled $141 million across 26 transactions, with a weighted average spread of 497 basis points [12] - The weighted average yield at cost of the direct origination portfolio was 10%, down from 10.3% in the previous quarter [14] - Investments on non-accrual status declined to 2.6% of the portfolio at fair value, down from 3.1% at the end of the prior quarter [16] Market Data and Key Metrics Changes - The servicing business represented approximately 29% of the total value of Merx at the end of December [9] - The weighted average net leverage on new commitments was 4 times in the December quarter [12] - The average funded position in the portfolio was $12.8 million, with a median EBITDA of approximately $50 million [13] Company Strategy and Development Direction - The company plans to aggressively utilize a new $100 million stock repurchase plan to capitalize on perceived undervaluation [10] - The board has adjusted the dividend to $0.31 per share, reflecting reassessment of long-term earning power [11] - The focus remains on first lien positions with cautious usage of PIK and low software exposure, positioning the company well in the current market [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the intrinsic value of the investment portfolio, despite current market prices not reflecting this value [10] - The company anticipates that the current discount on shares may persist, but remains committed to maximizing shareholder value [27][28] - Management noted that the earnings power has been influenced by lower base rates and asset spread compression [38] Other Important Information - The company recorded a realized loss of approximately $3.4 million related to financing activities during the quarter [22] - The cost of debt for the quarter declined to 5.95%, down from 6.37% in the prior quarter [23] Q&A Session Summary Question: Future strategies regarding stock buybacks - Management indicated they will consider all options to ensure shareholders receive their true returns, acknowledging persistent discounts in the market [26][28] Question: Clarification on the new $100 million repurchase plan - The new repurchase plan is discretionary and will be implemented during quiet periods using a 10b5-1 plan to maximize share purchase activity [34][35] Question: Sustainability of the new dividend level - Management stated that the new dividend level of $0.31 was deemed appropriate based on earnings power assessments and expected repayments from Merx [36][38] Question: Concerns about software exposure and leverage - Management explained that their software exposure is lower than industry average and focused on companies with consistent performance and financial covenants [41][42] Question: Common issues among underperforming credits - Management clarified that the underperforming credits are older investments that have been monitored over time, with idiosyncratic issues contributing to their current status [50][55]

TCPC SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Beyond Meat (TCPC) Investors of Securities Class Action Deadline on March 24, 2026 [Accessibility Statement] Skip NavigationFaruqi & Faruqi, LLP Securities Litigation Partner [James (Josh) Wilson] Encourages Investors Who Suffered Losses In BlackRock TCP To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in [BlackRock TCP] between November 6, 2024 and January 23, 2026 and would like to discuss your legal righ ...

天眼查App显示，近日，上海普陀国有资本投资有限公司发生工商变更，注册资本由10亿人民币增至 16.14亿人民币，增幅61.4%。该公司成立于2022年12月，法定代表人为田军，经营范围包括投资管理、 以自有资金从事投资活动、自有资金投资的资产管理服务等，由上海市普陀区国有资产监督管理委员会 （上海市普陀区集体资产监督管理委员会）全资持股。 ...

Core Insights - KDventures AB has announced changes in the number of shares and votes due to a rights issue and a directed issue of shares to guarantors [1][2]. Group 1: Share and Vote Changes - As of February 27, 2026, the total number of shares outstanding is 659,528,128, which represents a total of 682,525,477 votes [2]. - The shares are categorized into two series: 2,555,261 shares of series A with 25,552,610 votes, and 656,972,867 shares of series B with an equal number of votes [2]. Group 2: Company Overview - KDventures AB is a Nordic investment company focused on life sciences, investing in innovative pharmaceutical projects and medical technology products from leading research institutions in the Nordic region [4]. - The company aims to create value through a diversified portfolio across various stages of development, professional due diligence, and active board engagement, offering investors exposure to both listed and private life science projects with significant growth potential [4].

Core Insights - Tetragon Financial Group Limited reported a negative monthly performance for January 2026, with a monthly return on equity of -2.5% and a monthly NAV per share total return of -2.6% [1] - The company's share price is currently at $15.85, while the fully diluted NAV per share stands at $40.80, indicating a significant discount to NAV [1] - The net asset value (NAV) of Tetragon is reported at $3,795 million [1] Financial Performance - Dividend yield for January 2026 is recorded at -2.0% [1] - The most recent quarterly dividend paid was $0.11 per share [1] Company Overview - Tetragon is a closed-ended investment company based in Guernsey, with non-voting shares listed on Euronext Amsterdam and traded on the London Stock Exchange [1] - The investment manager for Tetragon is Tetragon Financial Management LP [1]

Board of Directors Declared Total Dividends of $0.52 per Share for First Quarter 2026 Base Dividend of $0.43 and Supplemental Dividend of $0.09 Per Share EVANSTON, Ill., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the fourth quarter and full year ended December 31, 2025. Four ...