Sign in

PFX on Nasdaq

PhenixFIN Corp

PhenixFIN Corp is a corporation registered in the United States, active since 2010.2 It is headquartered in New York, United States.2 Its shares trade on Nasdaq under the symbol PFX.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$4.2MNet income, fiscal 20253

Compare with another stock.

  • TickerPFX on Nasdaq2
  • HeadquartersNew York, United States2
  • Incorporated inDE4
  • Business address445 Park Avenue, 9Th Floor, New York, Ny 100224
  • Filer categoryNon-accelerated filer4
  • Legal formCorporation2
  • LEI549300JJH1QEB0RKNO532
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 48152002

See how the biggest companies compare on our leaderboards

Internal Revenue Code of 1986, as amended (the “Code”). Through December 31, 2020, we were an externally managed company.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.6%Return on equity3

Financial statements

Net income63$4.2M in 2025
-$10.0M0$10.0M$20.0M$30.0M2022: -$6.1M-$6.1M20222023: $26.9M$26.9M20232024: $18.6M$18.6M2024−31%2025: $4.2M$4.2M2025−78%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-09-302024-09-302023-09-30
Total interest income$16.6M$14.3M$12.1M
Total dividend income$7.5M$6.9M$6.9M
Interest from cash and cash equivalents$195.0K$500.1K$400.0K
Fee income (see Note 9)$992.4K$514.9K$324.3K
Other income$22$402.1K
Total Investment Income$25.3M$22.2M$20.1M
Interest and financing expenses$10.3M$6.6M$5.5M
Salaries and benefits$5.1M$6.9M$4.2M
Professional fees, net$2.0M$1.5M$1.4M
General and administrative expenses$1.2M$1.1M$983.3K
Directors fees$816.0K$750.0K$728.8K
Administrator expenses (see Note 6)$404.9K$301.9K$320.3K
Insurance expenses$338.0K$378.9K$466.3K
Total expenses$20.1M$17.4M$13.6M
Net Investment Income$5.1M$4.7M$6.5M
Total net realized gains (losses)-$11.9M$7.3M-$11.5M
Total net change in unrealized gains (losses)$10.7M$5.7M$31.9M
Deferred tax benefit (expense)$210.2K$887.1K
Total realized and unrealized gains (losses)-$984.8K$13.9M$20.4M
Net Increase (Decrease) in Net Assets Resulting from Operations$4.2M$18.6M$26.9M
Weighted average basic earnings per common share (in Dollars per share)$2.06$9.13$12.87
Weighted average diluted earnings per common share (in Dollars per share)$2.06$9.13$12.87
Weighted average common shares outstanding - basic (in Shares)2.0M shares2.0M shares2.1M shares
Weighted average common shares outstanding - diluted (in Shares)2.0M shares2.0M shares2.1M shares

Compare PhenixFIN Corp with another company

Corporate structure

PhenixFIN Corp sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PhenixFIN Corp

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What PhenixFIN Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.3M3 Sep 30, 2025$67.6M3 Sep 30, 2024−89.2%

Properties, in its own words

Properties

We do not own any real estate or other physical properties materially important to our operation. In 2021, we entered into a 5-year operating lease for our headquarters at 445 Park Avenue, 10th Floor, New York, NY 10022. Effective September 5, 2025, the Company amended the terms of the lease, extending the lease term until August 31, 2035, with a right to terminate on the 36th and 60th month anniversaries of September 5, 2025, as well as any time on or after the 84th month anniversary of September 5, 2025.

Item 2 of the 10-K filed Dec 12, 2025.5

Leadership

Who has led PhenixFIN Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brook Taube2011–2019
  2. David A. Lorber2022–now

Chair

  1. David A. Lorber2021–now

President

  1. Brook Taube2013–2014

Chief financial officer

  1. Richard T. Allorto Jr.2011–2015
  2. Ellida McMillan2021–now
201520202025
Board members and other officers (16)

Former names

  • Medley Capital CorpJun 24, 2010 to Jan 4, 20214
  • Medley Capital BDC LLCMay 3, 2010 to Jan 6, 20114

Timeline

  1. Aug 5, 20268-K Results of operations32
  2. May 5, 20268-K Results of operations33
  3. Mar 20, 20268-K Shareholder vote34
  4. Feb 9, 20268-K Results of operations35
  5. Dec 12, 20258-K Results of operations36
  6. Aug 6, 20258-K Results of operations37
  7. May 7, 20258-K Results of operations38
  8. Apr 22, 20258-K Entered a material agreement39
  9. Mar 21, 20258-K Shareholder vote40
  10. Feb 7, 20258-K Results of operations41
  11. Dec 17, 20248-K Results of operations42
  12. Aug 6, 20248-K Results of operations43
  13. May 13, 2022New chief executive David A. Lorber becomes CEO11
  14. Jan 20, 2011New chief executive Brook Taube becomes CEO12
  15. Apr 23, 2010Founded PhenixFIN Corp is founded2

Calendar

Coming up

  1. Dec 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.69 a share, on Dec 12, 2025.44

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results32
  2. May 5, 2026Reported quarterly or annual results33
  3. Feb 9, 2026Reported quarterly or annual results35
  4. Dec 12, 2025Reported quarterly or annual results36
  5. Aug 6, 2025Reported quarterly or annual results37
  6. May 7, 2025Reported quarterly or annual results38
  7. Feb 7, 2025Reported quarterly or annual results41
  8. Dec 17, 2024Reported quarterly or annual results42

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

156 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 31 major events, 60 insider forms, 16 large holders, 26 other. The latest 20:

  1. Aug 5, 202610-Q QUARTERLY REPORT EDGAR
  2. Aug 5, 20268-K CURRENT REPORT EDGAR
  3. Jul 2, 202640-17G EDGAR
  4. Jun 3, 20264 EDGAR
  5. May 15, 2026SCHEDULE 13G/A EDGAR
  6. May 14, 2026SCHEDULE 13D/A EDGAR
  7. May 14, 20264 EDGAR
  8. May 5, 202610-Q QUARTERLY REPORT EDGAR
  9. May 5, 20268-K CURRENT REPORT EDGAR
  10. Apr 2, 2026SCHEDULE 13D/A EDGAR
  11. Mar 20, 20268-K CURRENT REPORT EDGAR
  12. Mar 5, 20264 EDGAR
  13. Feb 9, 202610-Q QUARTERLY REPORT EDGAR
  14. Feb 9, 20268-K CURRENT REPORT EDGAR
  15. Jan 28, 2026DEF 14A PROXY STATEMENT EDGAR
  16. Dec 29, 20254 EDGAR
  17. Dec 29, 20254 EDGAR
  18. Dec 19, 20254 EDGAR
  19. Dec 17, 20254 EDGAR
  20. Dec 12, 202510-K ANNUAL REPORT EDGAR

The 156 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

108 open-market trades by officers, directors and large owners since October 2021: 108 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 3, 2026Lorber David ACHAIRMAN AND CEOBuy3,983$45.27$180.3KForm 4
Jun 2, 2026Lorber David ACHAIRMAN AND CEOBuy2,473$44.95$111.2KForm 4
Jun 1, 2026Lorber David ACHAIRMAN AND CEOBuy2,200$44.60$98.1KForm 4
May 12, 2026Lorber David ACHAIRMAN AND CEOBuy42,065$39.95$1.7MForm 4
Mar 3, 2026Amster HowardDirectorBuy11,500$42.56$489.4KForm 4
Dec 24, 2025Lorber David ACHAIRMAN AND CEOBuy572$46.05$26.3KForm 4
Dec 23, 2025Lorber David ACHAIRMAN AND CEOBuy133$45.59$6.1KForm 4
Dec 23, 2025McMillan EllidaCHIEF FINANCIAL OFFICERBuy150$45.33$6.8KForm 4
Dec 22, 2025Lorber David ACHAIRMAN AND CEOBuy1,000$45.44$45.4KForm 4
Dec 22, 2025McMillan EllidaCHIEF FINANCIAL OFFICERBuy6$45.00$270Form 4
Dec 17, 2025McMillan EllidaCHIEF FINANCIAL OFFICERBuy37$44.00$1.6KForm 4
Dec 17, 2025Lorber David ACHAIRMAN AND CEOBuy908$44.74$40.6KForm 4
Dec 16, 2025Lorber David ACHAIRMAN AND CEOBuy138$44.45$6.1KForm 4
Dec 15, 2025Lorber David ACHAIRMAN AND CEOBuy100$44.33$4.4KForm 4
Sep 23, 2025McMillan EllidaCHIEF FINANCIAL OFFICERBuy248$47.75$11.8KForm 4
Sep 17, 2025ROBINSON LOWELL WDirectorBuy44$48.26$2.1KForm 4
Sep 16, 2025ROBINSON LOWELL WDirectorBuy86$48.09$4.1KForm 4
Sep 12, 2025ROBINSON LOWELL WDirectorBuy100$48.09$4.8KForm 4
Sep 11, 2025ROBINSON LOWELL WDirectorBuy162$48.05$7.8KForm 4
Sep 10, 2025ROBINSON LOWELL WDirectorBuy34$48.05$1.6KForm 4

All 108 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

PhenixFIN Corp has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025David A. Lorber$600.0K$2.6M52
2025Ellida McMillan$400.0K$1.2M52

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Adalta Capital Management LLC176,569$7.5M3.3%+1,000
American Financial Group Inc64,327$2.7M1.0%No change
Morgan Stanley54,462$2.3M0.0%−496
Bulldog Investors, LLP19,218$817.9K0.2%No change
Legal & General Group Plc15,140$655.3K0.0%No change
Osaic Holdings, Inc.400$17.0K0.0%No change
Allworth Financial LP286$12.2K0.0%No change
Wells Fargo & Company/mn250$10.6K0.0%−1
UBS Group AG130$5.5K0.0%−358
IFG Advisory, LLC7$2980.0%New
Us Bancorp \de\3$1280.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How PhenixFIN Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPhenixFIN Corp1
  • CIK0001490349
  • Employer ID (EIN)27-45760735
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsSeptember 301
  • Business address445 Park Avenue, 9Th Floor, New York, NY 100221
  • Phone212-759-07771
  • Shares outstanding1,931,273 as of Aug 5, 20269
  • Public float$81.3M as of Mar 31, 20255
  • AuditorKPMG LLP, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceMay 3, 20101
  • Filings891 in all: 4 (200), 8-K (162), 425 (71), 10-Q (48), DEFA14A (45), 497AD (37), 497 (26), 3 (21)1
    All 56 form types

    40-APP/A (21), CORRESP (17), SC 13G/A (16), 10-K (15), 40-17G (15), DEF 14A (14), POS EX (13), DFAN14A (11), N-2/A (11), PX14A6G (11), SC 13D/A (11), SC 13G (10), 40-APP (9), EFFECT (9), POS 8C (9), 8-A12B (7), N-2 (6), N-23C-2 (6), SC 13D (6), 10-K/A (4), APP NTC (4), APP ORDR (4), PRE 14A (4), PREC14A (4), 25 (3), 25-NSE (3), APP WD (3), DEFC14A (3), SCHEDULE 13D/A (3), UPLOAD (3), 4/A (2), 40-17G/A (2), 424B2 (2), 8-K/A (2), ARS (2), CERT (2), CERTNYS (2), N-6F/A (2), 305B2 (1), 40-33 (1), 5 (1), DEFM14A (1), DFRN14A (1), FWP (1), N-54A (1), N-6F (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Dec 12, 2025
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Jan 28, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per sharePFXNASDAQ
5.25% Notes due 2028PFXNZNASDAQ

From the cover page of the 10-K filed Dec 12, 2025 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks PhenixFIN Corp names in Item 1A of its 10-K filed Dec 12, 2025: 71 risks under these headings, as written.5

  • RISK RELATING TO OUR BUSINESS AND STRUCTURE
  • Certain Risks in the Current Environment
  • We are currently operating in a period of capital markets disruptions and economic uncertainty. Such market conditions may materially and adversely affect the yields, and increase the risks of, our investments in portfolio companies, and make it more difficult for us to raise equity capital should we choose to do so.
  • Events outside of our control, including terrorist attacks, acts of war, natural disasters, significant tariffs or public health crises, could negatively affect the portfolio companies in which we invest and make the valuation of those investments more uncertain.
  • Trade negotiations and related government actions may create regulatory uncertainty for our portfolio companies and our investment strategies and adversely affect the profitability of portfolio companies.
  • Government Policies, Changes in Laws, and International Trade.
  • Rising interest rates may increase our borrowing costs and reduce the net return that we are able to achieve on debt investments in portfolio companies, and may also increase the risk of default on our portfolio company loans.
  • Further downgrades of the U.S. credit rating, automatic spending cuts, or another government shutdown could negatively impact our cost of borrowing and the net return on our investments.
  • Economic recessions or downturns could impair our portfolio companies, increase our funding costs and limit our access to capital.
  • Risks Related to Our Business
  • As an internally managed BDC, we are dependent upon our management team and other professionals, and if we are not able to hire and retain qualified personnel, we will not realize the benefits of an internally managed BDC.
  • We may suffer credit and capital losses.
The other 62 risks
  • Because we use borrowed funds to make investments or fund our business operations, we are exposed to risks typically associated with leverage which increase the risk of investing in us.
  • The lack of liquidity in our investments may adversely affect our business.
  • A substantial portion of our portfolio investments will be recorded at fair value as determined in good faith by our valuation designee under the oversight of our board of directors and, as a result, there may be uncertainty regarding the value of our portfolio investments.
  • We are a non-diversified investment company within the meaning of the 1940 Act, and therefore we are not limited with respect to the proportion of our assets that may be invested in securities of a single issuer.
  • We are exposed to risks associated with changes in interest rates.
  • Loans under our Credit Facility and the financial credit we extend to our portfolio companies bear interest based on SOFR, but experience with SOFR based loans is limited.
  • Because we use debt to finance various investments, changes in interest rates will affect our cost of capital and net investment income.
  • If our investments are not managed effectively, we may be unable to achieve our investment objective.
  • We may experience fluctuations in our periodic operating results.
  • Any failure on our part to maintain our status as a BDC could reduce our operating flexibility.
  • We may have difficulty paying required distributions if we recognize income before or without receiving cash representing such income.
  • We may not be able to pay distributions to our shareholders.
  • The highly competitive market in which we operate may limit our investment opportunities.
  • In the event we make distributions, we would need additional capital to finance our growth and such capital may not be available on favorable terms or at all.
  • Our board of directors may change our investment objective, operating policies and strategies without prior notice or stockholder approval.
  • Because we borrow money, the potential for loss on amounts invested in us will be magnified and may increase the risk of investing in us.
  • We are dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our common stock and our ability to pay distributions.
  • A failure of cybersecurity systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning could impair our ability to conduct business effectively.
  • Technological innovations and industry disruptions, including those related to artificial intelligence and machine learning, may negatively impact us.
  • Risks Related to Our Investments
  • We may not realize gains from our equity investments.
  • Our investments are very risky and highly speculative.
  • Our investments in private portfolio companies may be risky, and you could lose all or part of your investment.
  • Our portfolio companies may prepay loans, which prepayment may reduce stated yields if capital returned cannot be invested in transactions with equal or greater expected yields.
  • Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio and our ability to make follow-on investments in certain portfolio companies may be restricted.
  • As of September 30, 2025, 15.3% of our total assets were invested in NSG, our insurance business.
  • As of September 30, 2025, 11.7% of our total assets were invested in FlexFIN, our affiliate’s asset-based lending business.
  • Client borrowers, particularly with respect to asset-based lending activities, may lack the operating history, cash flows or balance sheet necessary to support other financing options and may expose us to additional risk.
  • 11.7% of the Company’s total assets (as of September 30, 2025) are invested in our affiliate’s asset-based lending business and its activities are influenced by volatility in prices of gemstones and jewelry.
  • The gemstones and jewelry business is subject to the risk of fraud and counterfeiting.
  • We may be subject to risks associated with our investments in unitranche loans
  • Covenant-Lite Loans may expose us to different risks, including with respect to liquidity, price volatility, ability to restructure loans, credit risks and less protective loan documentation, than is the case with loans that contain financial maintenance covenants.
  • As a BDC, our ability to invest in public companies and foreign companies is limited by the 1940 Act.
  • Our investments in foreign securities may involve significant risks in addition to the risks inherent in U.S. investments.
  • Hedging transactions may expose us to additional risks.
  • The disposition of our investments may result in contingent liabilities.
  • If we invest in the securities and obligations of distressed and bankrupt issuers, we might not receive interest or other payments.
  • We are subject to risks associated with significant investments in one or more economic sectors and/or industries, including the business services sector, which includes our investment in our affiliate’s asset-based lending business.
  • Risks Related to Our Operations as a BDC and a RIC
  • Regulations governing our operation as a BDC may limit our ability to, and the way in which we raise additional capital, which could have a material adverse impact on our liquidity, financial condition and results of operations.
  • Changes in the laws or regulations governing our business, or changes in the interpretations thereof, and any failure by us to comply with these laws or regulations, could have a material adverse effect on our business, results of operations or financial condition.
  • As an internally managed BDC, we are subject to certain restrictions that may adversely affect our ability to offer certain compensation structures.
  • As an internally managed BDC, we are dependent upon our management team and investment professionals for their time availability and for our future success, and if we are not able to hire and retain qualified personnel, or if we lose key members of our senior management team, our ability to implement our business strategy could be significantly harmed.
  • We cannot predict how tax reform legislation will affect us, our investments, or our stockholders, and any such legislation could adversely affect our business.
  • Legislation that became effective in 2018 may allow the Company to incur additional leverage, which could increase the risk of investing in the Company.
  • If we do not invest a sufficient portion of our assets in qualifying assets, we could fail to qualify as a BDC, which would have a material adverse effect on our business, financial condition and results of operations.
  • We would become subject to corporate-level U.S. federal income tax if we are unable to maintain our qualification as a RIC under Subchapter M of the Code or satisfy RIC distribution requirements.
  • Risks Relating to an Investment in Our Securities
  • Shares of closed-end investment companies, including business development companies, may, at times, trade at a discount to their NAV and the Company’s shares have not traded at or above NAV since the first quarter of 2015.
  • The market price of our common stock fluctuates.
  • Certain provisions of the Delaware General Corporation Law and our certificate of incorporation and bylaws could deter takeover attempts and have an adverse impact on the price of our common stock.
  • The NAV per share of our common stock may be diluted if we sell shares of our common stock in one or more offerings at prices below the then current NAV per share of our common stock or securities to subscribe for or convertible into shares of our common stock.
  • The terms of the Credit Facility place restrictions on our and/or our subsidiaries’ activities.
  • If we issue preferred stock, the NAV and market value of our common stock may become more volatile.
  • Holders of any preferred stock we might issue would have the right to elect members of the board of directors and class voting rights on certain matters.
  • Our business and operations could be negatively affected if we become subject to any securities class actions and derivative lawsuits, which could cause us to incur significant expense, hinder execution of investment strategy and impact our stock price.
  • Risks of the Insurance Business
  • As of September, 2025, 15.3% of our total assets were invested in NSG, our insurance business, which subjects the Company to various additional special risks.
  • Risks Related to Life Insurance
  • Actual claims and benefits payments may differ from actuarial assumptions and may adversely affect NSG’s financial results, capitalization and financial condition.
  • NSG makes assumptions regarding policyholder behavior, including with respect to guaranteed options, but those assumptions may be incorrect.
  • If NSG’s actual claims experience differs from the assumptions used to establish reserves for its liabilities, NSG may be required to increase its reserves.
  • Pricing accuracy depends on accurate morbidity and mortality estimates, but the data on which such estimates are based may be insufficient, incorrect or incomplete.
  • Public health crises, extreme mortality events or similar occurrences may adversely impact NSG’s business, financial condition, or results of operations.
  • Liquidity may be adversely affected by policyholder withdrawals and surrenders or if holders of whole life policies elect to receive lump sum distributions at greater-than-anticipated levels.
  • Risks Related to Property & Casualty Insurance
  • If NSG is unable to accurately assess its underwriting risk, its financial condition and results of operations could be adversely affected.
  • The usefulness of models as a tool to evaluate risk is subject to a high degree of uncertainty which could result in actual losses that are materially different from NSG’s estimates and could have a significant adverse impact on NSG’s financial results.

Legal proceedings

From time to time, we are involved in various legal proceedings, lawsuits and claims incidental to the conduct of our business. Our businesses are also subject to extensive regulation, which may result in regulatory proceedings against us. We are not currently party to any material legal proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52