Monroe Capital Corporation Announces Fourth Quarter Distribution of $0.25 Per Share

Rhea-AI Summary

Monroe Capital Corporation (MRCC) has declared a fourth-quarter cash distribution of $0.25 per share, payable on December 31, 2020, to stockholders of record as of December 16, 2020. The company has implemented a dividend reinvestment plan for stockholders, allowing automatic reinvestment unless opted out prior to the record date. The specific tax characteristics of the distribution will be reported on Form 1099. Monroe Capital focuses on investments in secured and unsecured debt and equity in middle-market companies aiming for total return through current income and capital appreciation.

Positive

• Announced a quarterly distribution of $0.25 per share.
• Dividend reinvestment plan allows reinvestment for stockholders.
• Focus on investments in secured and unsecured debt, potentially maximizing returns.

Negative

• None.

CHICAGO, Dec. 04, 2020 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of $0.25 per share for the fourth quarter of 2020, payable on December 31, 2020 to stockholders of record as of December 16, 2020. The Company has adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. As a result, when the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company’s capital stock. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

ABOUT MONROE CAPITAL CORPORATION
Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The Company’s investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC. To learn more about Monroe Capital Corporation, visit www.monroecap.com.

ABOUT MONROE CAPITAL LLC
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include cash flow, enterprise value and asset-based loans; unitranche financings; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, New York, and San Francisco.

Monroe has been recognized by Creditflux as the 2020 Best U.S. Direct Lending Fund; Pension Bridge as the 2020 Private Credit Strategy of the Year; Global M&A Network as the 2020 Small Middle Markets Lender of the Year; Private Debt Investor as the 2018 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit www.monroecap.com.

FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and the Company undertakes no obligation to update any such statement now or in the future.

SOURCE:         Monroe Capital Corporation

Investor Contact:	Aaron D. Peck
	Chief Investment Officer and Chief Financial Officer
	Monroe Capital Corporation
	(312) 523-2363
	Email: apeck@monroecap.com
Media Contact:	Caroline Collins
	BackBay Communications
	(617) 963-0065
	Email: caroline.collins@backbaycommunications.com

FAQ

What is the cash distribution amount declared by Monroe Capital Corporation for Q4 2020?

Monroe Capital Corporation has declared a cash distribution of $0.25 per share for the fourth quarter of 2020.

When will the cash distribution be paid to stockholders of Monroe Capital Corporation?

The cash distribution will be paid on December 31, 2020.

What is the record date for Monroe Capital Corporation's Q4 2020 distribution?

The record date for the distribution is December 16, 2020.

What options do stockholders have regarding Monroe Capital Corporation's dividend reinvestment plan?

Stockholders can opt to have their distributions automatically reinvested in additional shares, or elect to receive cash prior to the record date.

How does Monroe Capital Corporation aim to maximize returns for its stockholders?

The company focuses on investing in secured debt and equity in middle-market companies to achieve total return through current income and capital appreciation.