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

Rhea-AI Summary

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.

Positive

• Consistent quarterly distribution of $0.25 per share maintained
• Dividend reinvestment plan in place, potentially increasing shareholder value

Negative

• None.

Insights

Financial Analyst

Monroe Capital 's announcement of a $0.25 per share distribution for Q3 2024 maintains consistency with previous quarters, signaling stability in the company's financial performance. This steady dividend suggests that MRCC's business model, focused on providing customized financing solutions to lower middle-market companies, continues to generate reliable income streams.

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 $0.25 per share for the third quarter of 2024, payable on September 30, 2024 to stockholders of record as of September 16, 2024. In October 2012, the Company 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. 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.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?

Monroe Capital (MRCC) has declared a distribution of $0.25 per share for the third quarter of 2024.

When is the payment date for MRCC's Q3 2024 distribution?

The distribution is payable on September 30, 2024.

What is the record date for MRCC's Q3 2024 distribution?

The record date for the distribution is September 16, 2024.

Does Monroe Capital (MRCC) have a dividend reinvestment plan?

Yes, MRCC has a dividend reinvestment plan that automatically reinvests distributions in additional shares of the company's capital stock for stockholders who have not opted out prior to the record date.