Item 8.01 OTHER EVENTS.
Portfolio Update
As of October 31, 2022, TriLinc Global Impact Fund, LLC ("TGIF") had $353.5
million in total financing commitments for business expansions and socioeconomic
developments through its investment portfolio in Sub-Saharan Africa, Latin
America, Southeast Asia, and Emerging Europe. The weighted average loan size of
the portfolio is $8.4 million, with an average duration of 1 year. Since TGIF
commenced operations and through October 31, 2022, TGIF has funded over $1.1
billion in aggregate investments to 93 borrower companies, including $104.7
million in temporary investments. Of the aggregate investment amount, TGIF has
received $852 million in full aggregate transaction repayments (71.77% of total
invested) from existing and exited trade finance, term loan, and temporary
investment facilities. Regionally, excluding temporary investments, TGIF has
funded over $366.2 million to 29 borrower companies operating in 9 developing
economies within Latin America, supporting 20,533 permanent employees; over
$505.2 million to 49 borrower companies operating in or trading with 21
developing economies within Sub-Saharan Africa, supporting 10,629 permanent
employees; over $189.2 million to 12 borrower companies operating in or trading
with five developing economies within Southeast Asia, supporting 7,556 permanent
employees; and over $21.5 million to three borrower companies in three countries
within Emerging Europe, supporting 3,705 permanent employees.
Distributions
On November 11, 2022, TGIF's board of managers authorized the declaration of
distributions for December of 2022 and January, February and March of 2023.
These distributions will be calculated based on unitholders of record for each
day in an amount equal to $0.00131143 per unit per day (less the distribution
fee with respect to Class C units, the ongoing dealer manager fee with respect
to certain Class I units and Class W units and the ongoing service fee with
respect to Class W units). On an annualized basis, these distributions are equal
to approximately 7.0% of the NAV per unit of $6.84, determined as of September
30, 2022. These distributions will be paid in cash or reinvested in units, for
those unitholders participating in the DRP, on or about the first day of the
month following the month to which the distributions relate. There can be no
assurances that distributions will continue to be paid at this rate in
subsequent periods or at all.
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