<SEC-DOCUMENT>0001213900-21-057887.txt : 20211110
<SEC-HEADER>0001213900-21-057887.hdr.sgml : 20211110
<ACCEPTANCE-DATETIME>20211109211633
ACCESSION NUMBER:		0001213900-21-057887
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20211110
DATE AS OF CHANGE:		20211109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PhenixFIN Corp
		CENTRAL INDEX KEY:			0001490349
		IRS NUMBER:				274576073
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-258913
		FILM NUMBER:		211394105

	BUSINESS ADDRESS:	
		STREET 1:		445 PARK AVENUE
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-759-0777

	MAIL ADDRESS:	
		STREET 1:		445 PARK AVENUE
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Medley Capital Corp
		DATE OF NAME CHANGE:	20110118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Medley Capital BDC LLC
		DATE OF NAME CHANGE:	20100426
</SEC-HEADER>
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<TYPE>497AD
<SEQUENCE>1
<FILENAME>s134307_497ad.htm
<DESCRIPTION>497AD
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Filed pursuant to Rule 497</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>File No. 333-258913</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Rule 482ad</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>PHENIXFIN CORPORATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">November 9, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PhenixFIN Corporation Prices Public Offering
of $50.0 million of 5.25% Notes Due 2028</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NEW YORK, NY (November 9, 2021) - <U>PhenixFIN
Corporation</U> (NASDAQ: PFX) (the &ldquo;Company&rdquo; or &ldquo;PhenixFIN&rdquo;) today announced that it priced a public offering
of $50.0 million aggregate principal amount of 5.25% Notes due 2028 (the &ldquo;Notes&rdquo;). The Notes will mature on November 1, 2028,
and may be redeemed in whole or in part at any time or from time to time at the Company&rsquo;s option on or after November 1, 2023. The
Notes will bear interest at a rate of 5.25% per year payable quarterly on February&nbsp;1, May&nbsp;1, August&nbsp;1 and November&nbsp;1
of each year, beginning February 1, 2022. The Company also granted the underwriters a&nbsp;30-day&nbsp;option to purchase up to an additional
$7.5&nbsp;million in aggregate principal amount of Notes to cover overallotments, if any.&nbsp;The Company expects to list the Notes on
the Nasdaq Global Market under the trading symbol &ldquo;PFXNZ&rdquo; within 30 days of issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Oppenheimer &amp; Co. Inc., B. Riley Securities,
Inc., BTIG, LLC, Janney Montgomery Scott LLC and Ladenburg Thalmann &amp; Co. Inc. are acting as joint book-running managers for this
offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The closing of the transaction is subject to customary
closing conditions and the Notes are expected to be delivered on or about November 15, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company intends to use the net proceeds from
this offering to redeem a portion of the outstanding principal amount of its 6.125% Notes due 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Investors are advised to carefully consider
the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated
November 8, 2021, and the accompanying prospectus, dated October 19, 2021, which have been filed with the U.S. Securities and Exchange
Commission (the &ldquo;SEC&rdquo;), contain this and other information about the Company and should be read carefully before investing.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The offering is being conducted as a public offering
under the Company&rsquo;s effective shelf registration filed with the SEC (File No. 333&ndash;258913).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>To obtain a copy of the preliminary prospectus
supplement for this offering and the accompanying prospectus, please contact: Oppenheimer &amp; Co. Inc., Attention: Syndicate Prospectus
Department, 85 Broad Street, 23rd Floor, New York, NY 10004 or by email at <FONT STYLE="color: blue"><U>FixedIncomeProspectus@opco.com</U></FONT>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The information in the preliminary prospectus
supplement, the accompanying prospectus and this press release is not complete and may change. </B>This communication shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such
state or other jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ABOUT PHENIXFIN CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">PhenixFIN is a non-diversified, internally managed
closed-end management investment company incorporated in&nbsp;Delaware&nbsp;that has elected to be regulated as a business development
company under the Investment Company Act of 1940, as amended. We completed our initial public offering and commenced operations on&nbsp;January
20, 2011. Effective&nbsp;January 1, 2021, the Company operates under an internalized management structure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This press release contains statements as to the
Company&rsquo;s intentions and expectations of the outcome of future events that are forward-looking statements. You can identify these
statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are not guarantees
of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ
materially from those anticipated at the time the forward-looking statements are made. These statements relate to the offering of Notes
and the anticipated use of the net proceeds by the Company. No assurance can be given that the transaction discussed above will be completed
on the terms described, or at all. Completion of the offering on the terms described are subject to numerous conditions, many of which
are beyond the control of the Company. The Company undertakes no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law. For a description of certain risks to which
the Company is or may be subject, please refer to the factors discussed under the captions &ldquo;<I>Forward-Looking Statements</I>&rdquo;
and &ldquo;<I>Risk Factors</I>&rdquo; included in the Company&rsquo;s filings with the SEC (accessible at <FONT STYLE="color: blue"><U>www.sec.gov</U></FONT>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">For&nbsp;PhenixFIN&nbsp;investor
relations, please call 212-859-0390. For media inquiries, please contact&nbsp;<FONT STYLE="color: Blue"><U>info@phenixfc.com</U></FONT>.</P>

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