Sixth Street reports Q4 NII 62c, consensus 58c

Reported net asset value (NAV) per share was $17.04 at December 31, 2023 as compared to $16.97 at September 30, 2023. The Company announced that its Board of Directors has declared a first quarter 2024 base dividend of $0.46 per share to shareholders of record as of March 15, 2024 and payable on March 28, 2024. The Board also announced a fourth quarter supplemental dividend of $0.08 per share to shareholders of record as of February 29, 2024, payable on March 20, 2024. Adjusted for the impact of the supplemental dividend related to this quarter’s earnings, the Company’s Q4 adjusted NAV per share was $16.96. The primary drivers of this year’s NAV per share growth were the over-earning of our base dividend through net investment income, accretive capital markets transactions, and realized and unrealized gains on investments.