XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.0.1
N-2 - $ / shares
 3 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Cover [Abstract]        
Entity Central Index Key 0001490349      
Amendment Flag false      
Securities Act File Number 1-35040      
Document Type 10-Q      
Entity Registrant Name PHENIXFIN CORPORATION      
Entity Address, Address Line One 445 Park Avenue      
Entity Address, Address Line Two 10th Floor      
Entity Address, City or Town New York      
Entity Address, State or Province NY      
Entity Address, Postal Zip Code 10022      
City Area Code (212)      
Local Phone Number 859-0390      
Entity Emerging Growth Company false      
General Description of Registrant [Abstract]        
Risk Factors [Table Text Block]

Item 1A. Risk Factors

 

In addition to other information set forth in this report, you should carefully consider the “Risk Factors” discussed in our annual report on Form 10-K for the fiscal year ended September 30, 2024, filed with the SEC on December 17, 2024, which could materially affect our business, financial condition and/or operating results. Other than the items disclosed below, there have been no material changes during the three months ended December 31, 2024 to the risk factors discussed in “Item 1A. Risk Factors” of our annual report on Form 10-K. Additional risks or uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition and/or operating results.

As of December 31, 2024, 15.6% of our total assets were invested in NSG, our insurance business.

 

This significant exposure subjects our Company to various risks associated with such business (which are identified in “Risks of the Insurance Business” under Item 1A in our annual report on Form 10-K for the fiscal year ended September 30, 2024) to a much greater extent than companies not similarly concentrated.

      
NAV Per Share $ 80.59 $ 79.37 $ 73.14 $ 70.75
Risks of the Insurance Business [Member]        
General Description of Registrant [Abstract]        
Risk [Text Block]

As of December 31, 2024, 15.6% of our total assets were invested in NSG, our insurance business.

 

This significant exposure subjects our Company to various risks associated with such business (which are identified in “Risks of the Insurance Business” under Item 1A in our annual report on Form 10-K for the fiscal year ended September 30, 2024) to a much greater extent than companies not similarly concentrated.