NEW YORK, Nov. 14, 2016 (GLOBE NEWSWIRE) -- OHA Investment Corporation (NASDAQ:OHAI) (the "Company") today announced its financial results for the quarter ended September 30, 2016. Management will discuss the Company's results summarized below on a conference call on Monday, November 14, 2016, at 2:00 p.m. Eastern Time. Summary results for the quarter ended September 30, 2016:Total investment income: $4.3 million, or $0.21 per shareNet investment income: $1.7 million, or $0.08 per shareNet realized and unrealized losses: $4.3 million, or $0.21 per shareNet asset value: $93.0 million, or $4.61 per shareInvestment realizations: $14.1 millionFair value of portfolio investments: $131.1 million Portfolio ActivityThe fair value of our investment portfolio was $131.1 million at September 30, 2016, decreasing 11.5% compared to June 30, 2016. During the third quarter of 2016, the Company had realizations totaling $14.1 million and made no new investments. The concentration of our investment portfolio in the energy sector at September 30, 2016 was 40%. The current weighted average yield of our portfolio based on the cost and fair value of our yielding investments was 7.5% and 11.7%, respectively, as of September 30, 2016. In July 2016, WP Mustang (Electronic Funds Services, LLC), or EFS, repaid its second lien term loan in the amount of $10.0 million plus a 1% prepayment fee. We recorded previously unamortized discount of $0.1 million as additional interest income as a result of this repayment. This investment was initiated in December 2014 and generated a Gross IRR of 11.0% and a return on investment of 1.17x. In August 2016, Appriss Holdings, Inc., or Appriss, repaid part of its second lien term loan in the amount of $3.8 million. We recorded previously unamortized discount of $0.05 million as additional interest income as a result of this repayment. Operating ResultsInvestment income totaled $4.3 million for the third quarter of 2016, decreasing 15.1% compared to $5.1 million in the corresponding quarter of 2015. The decrease was primarily attributable to a decrease in average portfolio investment balance on a cost basis and a decrease in the weighted average yield on our investment portfolio from September 30, 2015 to September 30, 2016. Operating expenses for the third quarter of 2016 were $2.6 million, a decrease of $0.4 million, or 12.5%, compared to operating expenses for the third quarter of 2015. The decrease in operating expenses is related to lower interest expense and bank fees and other general and administrative expenses, partially offset by an increase in management and incentive fees and professional fees.