PhenixFIN Corporation 5.25% Notes due 2028 (PFXNZ) cut its quarterly dividend to $0.3245 per share from $0.3354 — a -3.3% change — effective with the ex-dividend date of 2026-10-15.

A dividend reduction is a material change worth examining alongside the company's earnings and payout coverage.

Special and one-time payments are excluded from this comparison; the figures reflect the regular dividend only. This note is informational, not advice.