Monroe Capital Corporation Announces Third Quarter Distribution of $0.25 Per Share
Monroe Capital (NASDAQ: MRCC) has declared a distribution of $0.25 per share for the third quarter of 2024. The distribution is payable on September 30, 2024 to stockholders of record as of September 16, 2024. The company has a dividend reinvestment plan in place, which automatically reinvests distributions in additional shares of the company's capital stock for stockholders who have not opted out prior to the record date. 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 SEC.
Monroe Capital (NASDAQ: MRCC) ha dichiarato una distribuzione di $0,25 per azione per il terzo trimestre del 2024. La distribuzione è pagabile il 30 settembre 2024 agli azionisti registrati al 16 settembre 2024. L'azienda ha un piano di reinvestimento dei dividendi in atto, che reinveste automaticamente le distribuzioni in azioni aggiuntive del capitale sociale per gli azionisti che non hanno scelto di rinunciare prima della data di registrazione. Le specifiche caratteristiche fiscali della distribuzione saranno segnalate agli azionisti sul modulo 1099 dopo la fine dell'anno solare e nel rapporto periodico dell'azienda depositato presso la SEC.
Monroe Capital (NASDAQ: MRCC) ha declarado una distribución de $0.25 por acción para el tercer trimestre de 2024. La distribución es pagadera el 30 de septiembre de 2024 a los accionistas registrados hasta el 16 de septiembre de 2024. La compañía tiene un plan de reinversión de dividendos establecido, que reinvierte automáticamente las distribuciones en acciones adicionales del capital social para los accionistas que no hayan optado por no participar antes de la fecha de registro. Las características fiscales específicas de la distribución se informarán a los accionistas en el Formulario 1099 después del final del año calendario y en el informe periódico de la compañía presentado ante la SEC.
몬로 캐피탈(NASDAQ: MRCC)은 2024년 3분기 주당 0.25달러의 배당금을 발표했습니다. 배당금은 2024년 9월 30일에 2024년 9월 16일 기준 주주에게 지급됩니다. 회사는 배당금 재투자 계획을 운영하고 있으며, 이 계획은 기록일 이전에 선택 해지하지 않은 주주들에게 배당금을 추가 주식으로 자동 재투자합니다. 배당금의 특정 세무 특성은 회계 연도 종료 후 1099 양식으로 주주에게 보고되며, 회사의 SEC에 제출된 정기 보고서에도 포함됩니다.
Monroe Capital (NASDAQ: MRCC) a décidé d'une distribution de 0,25 USD par action pour le troisième trimestre 2024. La distribution est payable le 30 septembre 2024 aux actionnaires inscrits au 16 septembre 2024. La société a mis en place un plan de réinvestissement des dividendes, qui réinvestit automatiquement les distributions en actions supplémentaires du capital de l'entreprise pour les actionnaires qui n'ont pas choisi de se désinscrire avant la date d'enregistrement. Les caractéristiques fiscales spécifiques de la distribution seront rapportées aux actionnaires sur le Formulaire 1099 après la fin de l'année civile et dans le rapport périodique de la société déposé auprès de la SEC.
Monroe Capital (NASDAQ: MRCC) hat eine Ausschüttung von 0,25 USD pro Aktie erklärt für das dritte Quartal 2024. Die Ausschüttung ist am 30. September 2024 zahlbar an die Aktionäre, die am 16. September 2024 im Register stehen. Das Unternehmen hat einen Dividenden-Reinvestitionsplan, der automatisch Ausschüttungen in zusätzliche Aktien des Unternehmenskapitals reinvestiert für Aktionäre, die sich bis zur Stichtags nicht abgemeldet haben. Die konkreten steuerlichen Merkmale der Ausschüttung werden den Aktionären nach Ende des Kalenderjahres auf dem Formular 1099 und im regelmäßigen Bericht des Unternehmens bei der SEC mitgeteilt.
- Consistent quarterly distribution of $0.25 per share maintained
- Dividend reinvestment plan in place, potentially increasing shareholder value
- None.
Insights
Monroe Capital 's announcement of a
The dividend reinvestment plan offers a capital-efficient method for MRCC to reinvest in its growth, potentially enhancing long-term shareholder value. However, investors should note that while consistent dividends are generally positive, they should also consider the company's overall financial health, including factors like net asset value per share and the sustainability of its income-generating investments.
In the current economic climate, MRCC's ability to maintain its dividend is noteworthy, but investors should remain vigilant about potential impacts of interest rate changes and economic fluctuations on the company's loan portfolio quality and income generation capacity.
CHICAGO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of
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.monroebdc.com.
About Monroe Capital LLC
Monroe Capital LLC (including its subsidiaries and affiliates, together “Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains 10 offices throughout the United States and Asia.
Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2023 Lower Mid-Market Lender of the Decade, 2023 Lower Mid-Market Lender of the Year, 2023 CLO Manager of the Year, Americas; Inc.’s 2023 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, 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: | Mick Solimene |
| Chief Financial Officer and Chief Investment Officer | |
| Monroe Capital Corporation | |
| (312) 598-8401 | |
| msolimene@monroecap.com | |
| Media Contact: | Daniel Abramson |
| BackBay Communications | |
| (857) 305-8441 | |
| daniel.abramson@backbaycommunications.com |
FAQ
What is the amount of Monroe Capital 's (MRCC) third quarter 2024 distribution?
When is the payment date for MRCC's Q3 2024 distribution?
What is the record date for MRCC's Q3 2024 distribution?
Does Monroe Capital (MRCC) have a dividend reinvestment plan?
